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Click ‘Get Form’ to open the 2022 Michigan 382 in our editor.
In Part 1, enter your legal name in Box A, followed by your Tax Identification Number in Box B. Ensure you also fill in the filing period in MM/YYYY format in Box C.
Select the appropriate return type by checking one box in Box D: Estimated, Actual, or Adjusted. Complete your address details in Box E.
Move to Part 2 and report gas volumes and values. Enter the total Mcf of gas produced on Line 1, Column 1, and its value on Line 1, Column 2. Follow similar steps for exempt and taxable volumes.
Calculate the severance tax due by multiplying the taxable value by 5% for each category (gas, NGLs, condensate) as instructed.
In Part 3, sum up the total severance tax due and any previous estimated payments to determine your final payment amount.
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