言語を選択する

フォーム 8904 インフォメーション

フォームの指示 8904, 油とガスの生産のためのクレジット マルジナルウェルズ

2018年12月1日

関連フォーム

  • フォーム 8904 - マルジナル・ウェルズのオイルそしてガスの生産のためのクレジット
詳細
ファイル形式 PDF
サイズ 111.4 KB
ダウンロード
Department of the Treasury  
Internal Revenue Service  
Instructions for Form 8904  
Credit for Oil and Gas Production From Marginal Wells  
(Rev. December 2018)  
Section references are to the Internal Revenue Code  
Carryback and Carryforward of  
unless otherwise noted.  
Unused Credit  
If you have an unused credit after carrying it back to each  
of the preceding 5 tax years (not just 1), then carry it  
forward to each of the 20 tax years after the year of the  
credit.  
General Instructions  
Future Developments  
For the latest information about developments related to  
Form 8904 and its instructions, such as legislation  
enacted after they were published, go to IRS.gov/  
Definitions  
Qualified marginal well means a domestic well with the  
production from which during the tax year:  
Purpose of Form  
Is treated as marginal production under section 613A(c)  
The section 45I credit for oil and gas production from  
marginal wells is applicable for tax years beginning in  
2017 for qualified natural gas production (the credit  
remains phased out for crude oil production). The credit is  
part of the section 38 general business credit.  
(6); or  
1. Has average daily production of not more than 25  
barrel-of-oil equivalents (as defined in section 45K(d)(5)),  
and  
2. Produces water at a rate not less than 95% of total  
At the time these instructions were printed, the  
well effluent.  
credit for qualified natural gas production for tax  
!
Crude oil, natural gas, domestic, and barrel have the  
CAUTION  
years beginning in 2018 had not been  
meanings defined in section 613A(e).  
determined. Go to IRS.gov/Form8904 for the latest  
information.  
Other Rules  
Production attributable to the taxpayer. If a qualified  
marginal well has more than one owner of operating  
interests in the well and the crude oil or natural gas  
production exceeds the limitation under section 45I(c)(2),  
qualifying crude oil production or qualifying natural gas  
production attributable to the taxpayer is determined on  
the basis of the ratio of the taxpayer's revenue interest in  
the production to the aggregate of the revenue interests of  
all operating interest owners in the production.  
Maximum production. Crude oil or natural gas  
produced during any tax year from any well won't be  
treated as qualified crude oil production or qualified  
natural gas production to the extent production from the  
well during the tax year exceeds 1,095 barrels or  
barrel-of-oil equivalents (as defined in section 45K(d)(5)).  
For short tax years, the maximum qualified production  
is proportionately reduced by the ratio of the number of  
days in the short tax year to 365 days.  
If a well isn't capable of production during each day of a  
tax year, the maximum qualified production applicable to  
the well is proportionately reduced by the ratio of the  
number of days of production to the total number of days  
in the tax year.  
Partnerships and S corporations must file this form to  
claim the credit. All other taxpayers aren’t required to  
complete or file this form if the only source of the credit is  
a partnership or S corporation. Instead, they can report  
the credit directly on Form 3800, General Business Credit.  
For tax years beginning in 2017, use the 2017 Form 3800,  
Part III, line 1zz.  
Amount of Credit  
The credit is generally $3 per barrel of qualified crude oil  
production and $0.50 per 1,000 cubic feet of qualified  
natural gas production. The $3 and $0.50 amounts are  
subject to a statutory reduction and must be adjusted by  
the inflation adjustment factor (IAF) for the calendar year.  
The reduction and IAF for each calendar year will be  
provided in the Internal Revenue Bulletin (IRB). For tax  
years beginning in 2017, the credit amount is $0.51 per  
thousand cubic feet of qualified natural gas production.  
See Notice 2018-52, available in IRB-2018-22.  
An owner of a marginal well may claim the credit any  
time within 3 years from the due date (excluding  
extensions) of its return on either its original or an  
amended return. If you filed your 2017 return on or before  
October 2, 2018, and either didn't claim the credit or  
claimed the credit in an amount that differs from the  
amount determined using the credit amount stated in  
Notice 2018-52, you may file an amended return using the  
applicable credit amount stated in that notice.  
Operating interest required. The credit may be claimed  
only on production which is attributable to the holder of an  
operating interest.  
Production from nonconventional sources excluded.  
For production from a qualified marginal well which is  
eligible for the section 45K nonconventional source fuel  
credit for the tax year, no credit is allowable unless an  
Oct 24, 2018  
Cat. No. 70462A  
election is made not to claim the section 45K credit for  
that well.  
Schedule K-1 (Form 1065), Partner's Share of Income,  
Deductions, Credits, etc., box 15 (code P); and  
Schedule K-1 (Form 1120S), Shareholder's Share of  
Income, Deductions, Credits, etc., box 13 (code P).  
Specific Instructions  
Partnerships and S corporations must report the credit  
on line 7. All other filers figuring a separate credit on  
earlier lines must also report the credit on line 7. All others  
not using earlier lines to figure a separate credit can report  
the credit directly on Form 3800, as explained under  
Purpose of Form, earlier.  
Line 2  
For tax years beginning in 2017, enter the credit amount  
of $0.51 on line 2.  
Lines 4, 5, and 6  
Reserved for future use.  
Line 7  
Enter total credit for oil and gas production from marginal  
wells from:  
Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the  
United States. You are required to give us the information. We need it to ensure that you’re complying with these laws  
and to allow us to figure and collect the right amount of tax.  
You aren’t required to provide the information requested on a form that is subject to the Paperwork Reduction Act  
unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be  
retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax  
returns and return information are confidential, as required by section 6103.  
The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden  
for individual and business taxpayers filing this form is approved under OMB control number 1545-0074 and 1545-0123  
and is included in the estimates shown in the instructions for their individual and business income tax return. The  
estimated burden for all other taxpayers who file this form is shown below.  
Recordkeeping .  
Learning about the law or the form  
Preparing and sending the form to the IRS .  
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
1 hr., 54 min.  
30 min.  
33 min.  
If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler,  
we would be happy to hear from you. See the instructions for the tax return with which this form is filed.  
-2-  
Instructions for Form 8904 (Rev. December 2018)