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Subject Keyword PETROLEUM ♦ ENERGY PLANNING, POLICY AND ECONOMY ♦ PETROLEUM INDUSTRY ♦ WINDFALL PROFITS TAX ♦ LEGAL ASPECTS ♦ TAX LAWS ♦ US IRS ♦ INDUSTRY ♦ LAWS ♦ NATIONAL ORGANIZATIONS ♦ TAXES ♦ US DEPARTMENT OF TREASURY ♦ US ORGANIZATIONS 020700* -- Petroleum-- Economics, Industrial, & Business Aspects ♦ Energy Planning & PolicyPetroleum
Abstract Revenue Ruling 85-17 revoked Revenue Ruling 83-72 and ruled that the purchaser must withhold windfall profit tax on the correcting payment and furnish a corrected Form 6248 when there has been a withholding error or if a retroactive price adjustment occurs. The note clarifies these new requirements.
Educational Use Research
Learning Resource Type Article
Publisher Date 1985-09-01
Publisher Place United States
Journal Oil Gas Tax Q.
Volume Number 34
Issue Number 1


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