Course 1 - Objective 2 Theme

SM
by Sarah Magruder0 views·Updated Dec 1, 2020
Create your own

Audio TranscriptAuto-generated

  1. Perhaps Joe assumed that the purchaser was reporting and paying
  2. both the gas and oil severance tax returns when in
  3. reality, the purchaser remitted Onley the oil severance tax return.
  4. Since no one remitted the gas severance tax return, this
  5. would cause a late payment and interest do.
  6. If this went on too long without being addressed, it
  7. would eventually lead to ceasing production in the field for
  8. non payment pose.
  9. Joe had been familiar with the roles of the producer
  10. and purchaser.
  11. In that case, he would have known which severance tax
  12. returns he was responsible for filing and worked with the
  13. purchaser to make sure he had all of the information
  14. needed to prepare his company's severance tax filing accurately.