Form DR0021W Oil and Gas Withholding Statement - Colorado Severance Tax Withheld From Oil Shale and Oil / Gas Payments - Colorado

What Is Form DR0021W?

This is a legal form that was released by the Colorado Department of Revenue - a government authority operating within Colorado. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form DR0021W?
A: Form DR0021W is the Oil and Gas Withholding Statement specifically for reporting Colorado Severance Tax withheld from oil shale and oil/gas payments.

Q: What is Colorado Severance Tax?
A: Colorado Severance Tax is a tax imposed on the extraction of various natural resources, including oil and gas, in the state of Colorado.

Q: Who needs to file Form DR0021W?
A: Any entity that pays oil shale or oil/gas royalties or other payments subject to Colorado Severance Tax and withholds tax on these payments needs to file Form DR0021W.

Q: What is the purpose of Form DR0021W?
A: Form DR0021W is used to report the amount of Colorado Severance Tax withheld from oil shale and oil/gas payments, ensuring compliance with the tax regulations.

Q: When is Form DR0021W due?
A: Form DR0021W is due on a monthly basis, on or before the 20th day of the month following the month in which the tax was withheld.

Q: Are there any penalties for late or incorrect filing of Form DR0021W?
A: Yes, there are penalties for late or incorrect filing of Form DR0021W. It is important to file the form accurately and on time to avoid penalties.