Instructions for Form T-12 Oil Gross Production and Oil Extraction Tax Report - North Dakota

Form T-12 Oil Gross Production and Oil Extraction Tax Report - North Dakota

This document contains official instructions for Form T-12 , Oil Gross Production and Oil Extraction Tax Report - a form released and collected by the North Dakota Office of State Tax Commissioner. An up-to-date fillable Form T-12 is available for download through this link.

FAQ

Q: What is Form T-12?
A: Form T-12 is an Oil Gross Production and Oil Extraction Tax Report used in North Dakota.

Q: Who is required to file Form T-12?
A: Any person or entity engaged in oil gross production or oil extraction activities in North Dakota is required to file Form T-12.

Q: What is the purpose of Form T-12?
A: The purpose of Form T-12 is to report the gross production and extraction of oil in North Dakota and calculate the related tax liability.

Q: What information is required to complete Form T-12?
A: Form T-12 requires information such as the volume of oil produced or extracted, the ownership interest in the oil, and the tax due on the production or extraction.

Q: When is Form T-12 due?
A: Form T-12 is due on or before the 15th day of the month following the end of the reporting period.

Q: Is there a penalty for late filing of Form T-12?
A: Yes, a penalty may be imposed for late filing of Form T-12. The penalty amount varies based on the number of days the report is past due.

Q: Are there any exemptions or deductions available on Form T-12?
A: Yes, there are certain exemptions and deductions available on Form T-12. These exemptions and deductions are outlined in the instructions provided with the form.

Q: How can I get help with filling out Form T-12?
A: If you need assistance with filling out Form T-12, you can contact the North Dakota Office of State Tax Commissioner's office for guidance.