Can I file 1040 EZ?

You could use Form 1040-EZ if all of the following apply: You are filing as single or married filing jointly. Your taxable income is less than $100,000. You don’t claim any dependents.

Can I file a 1040-EZ online?

Answer: Yes, you can file an original Form 1040 series tax return electronically using any filing status. Filing your return electronically is faster, safer and more accurate than mailing your tax return because it’s transmitted electronically to the IRS computer systems.

Is the GaSb required to comply with GAAP?

GASB establishes generally accepted accounting principles (GAAP) for state and local governments, but has no enforcement authority. However, some states (including Texas) enact laws requiring compliance with GASB standards, such as: Texas Government Code. Section 321.013 (b) and Texas Government Code, Section 403.013 (c).

How is gas processing allowance reported on form onrr-4109?

Page 1 of form ONRR-4109 is used to report the royalty processing allowance amount claimed for plant products during the reporting period. In accordance with 30 CFR 1206.179(c), the gas processing allowance may not exceed 66-2/3 percent of the value of each gas plant product.

When to deduct gas processing allowance from royalty payments?

In accordance with 30 CFR 1206.179, a payor may deduct from royalty payments the reasonable actual costs for processing gas plant products (for example, natural gas liquids (NGLs), sulfur, etc.) from a gas stream.

What is the limit for gas processing allowances?

In accordance with 30 CFR 1206.179(c), the gas processing allowance may not exceed 66-2/3 percent of the value of each gas plant product. Before you calculate the 66-2/3 percent limit, you must first reduce the value for any transportation allowances related to post-processing transportation authorized under 30 CFR 1206.177.