Instructions for Schedule M-1 A / B Mineral Severance Tax - Louisiana

This document contains official instructions for Schedule M-1 A/B , Mineral Severance Tax - a form released and collected by the Louisiana Department of Revenue.

FAQ

Q: What is Schedule M-1 A/B Mineral Severance Tax?A: Schedule M-1 A/B Mineral Severance Tax is a tax form used in Louisiana to report and calculate mineral severance tax.

Q: Who needs to file Schedule M-1 A/B Mineral Severance Tax?A: Anyone engaged in the severance of minerals in Louisiana needs to file Schedule M-1 A/B Mineral Severance Tax.

Q: What is the purpose of Schedule M-1 A/B Mineral Severance Tax?A: The purpose of Schedule M-1 A/B Mineral Severance Tax is to accurately determine and report the amount of tax owed on the severance of minerals.

Q: How do I fill out Schedule M-1 A/B Mineral Severance Tax?A: You will need to provide information about your business, the type and quantity of minerals severed, and details about any exemptions or deductions you may qualify for.

Q: When is the deadline to file Schedule M-1 A/B Mineral Severance Tax?A: The deadline to file Schedule M-1 A/B Mineral Severance Tax is typically the 20th day of the month following the end of the reporting period.

Q: Are there any penalties for not filing Schedule M-1 A/B Mineral Severance Tax?A: Yes, failure to file Schedule M-1 A/B Mineral Severance Tax or late filing may result in penalties and interest charges.

Q: Can I get help with filling out Schedule M-1 A/B Mineral Severance Tax?A: Yes, you can seek assistance from a tax professional or contact the Louisiana Department of Revenue for guidance on filling out Schedule M-1 A/B Mineral Severance Tax.

Q: Is Schedule M-1 A/B Mineral Severance Tax only applicable to businesses in Louisiana?A: Yes, Schedule M-1 A/B Mineral Severance Tax is specific to businesses engaged in the severance of minerals in the state of Louisiana.