Petroleum Accounting Consultants, PLLC has a vast amount of experience and knowledge regarding the different states severance tax laws and severance tax incentives.
Our severance tax reviews include:
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Reviewing previously filed returns for errors
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Calculation of gas marketing deductions
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Review of tax incentives that your company was eligible for but did not claim
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Filing of all amended returns and claims for refunds.
Each oil and gas producing state has statute of limitations regarding the amount of time that can elapse before a refund claim is submitted. For example, the state of Texas has a four year statute of limitations while Oklahoma limits refund claims to three years.
Don’t let the statute of limitations run out on your refund contact our office today. We will submit the claims for refunds to the appropriate regulatory agencies for their review and approval. Once the regulatory agency approves the claim for refund they will issue a refund check.
