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Will the Kansas Oil and Gas Resources Fund rely on a 1099 from a working interest owner as sufficient evidence for seeking a refund?

April 26, 2017fund Gas Kansas Oil owner Resources working

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Will the Kansas Oil and Gas Resources Fund rely on a 1099 from a working interest owner as sufficient evidence for seeking a refund?

1 Answer

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For the first year, the 1099 prepared for 2008 revenue record would include payment for oil, gas or natural gas liquids in December, 2007, which cause the 1099 to not accurately reflect the amount of revenue withheld.