This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
West Virginia Surface Damage Payments
Category:
State:
Multi-State
Control #:
US-OG-826
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Surface Damage Payments?
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FAQ
0.55% for the fire and casualty surcharge.
Don't be fooled by the landman, your neighbor or a non-CPA tax preparer telling you that damages are not taxable. There is nothing wrong with negotiating a damage value on your property but consult your CPA to understand the tax implications. All types of Damages are reportable on your tax return.
Surplus lines tax: 4.55%, collected and remitted to Commissioner by surplus lines licensee.
0.55% for the fire and casualty surcharge.