385, Gas Storage Field Report - State of Michigan - michigan 2026

1. Click ‘Get Form’ to open the 385, Gas Storage Field Report in the editor.
2. Begin by filling out the IDENTIFICATION section. Enter your Taxpayer Identification Number, Month, Year, Company Name, Address, City, State, and ZIP Code. Ensure all details are accurate for proper processing.
3. Proceed to the storage balance calculations. Input the Balance in storage at the beginning of the month from your previous report on line 1. Then enter any Extraneous gas injected during the month on line 2.
4. Calculate the Total by adding lines 1 and 2 on line 3. Next, record all gas withdrawn during the month on line 4.
5. For line 5, determine your Balance in storage at the end of the month by subtracting line 3 from line 4. If this amount is positive, you can skip completing further sections.
6. Complete lines 6 and 7 regarding Native gas withdrawn and its value respectively. This information is crucial for tax reporting.
7. Finally, ensure you sign both Taxpayer and Preparer Certification sections before submitting your report to avoid penalties.

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