Tax Return Process
The Department of Revenue
Important Links
DOR Website: https://revenue.wyo.gov
DOR Rules: https://revenue.wyo.gov/about-us/rules-and-regulations
Wyoming Statutes & Constitution:
https://www.wyoleg.gov/statestatutes/statutesconstitution?tab=o
Registration
Ad Valorem and Severance Processing
Accounting
Company contacts the Mineral Tax Division (MTD) and registers as a taxpayer and registers their wells
*Form 1
*Form 3
MTD processes the submitted original and amended returns.
Cursory review is completed by the MTS III system as returns are processed.
Returns identified by MTS III are reviewed by hand.
Ad Valorem value is certified to the counties.
Liabilities are paired with payments to balance the taxpayer accounts.
Overpayments as a result of amended returns are applied in compliance with DOR payment application rules.
Overpayments without any liabilities are returned in the form of a refund.
Collection of past due liabilities.
Forms with detailed instructions can be found on our website https://revenue.wyo.gov/divisions/mineral-tax/mineral-tax-forms
Tax Return Process
Tax Return Process
Reconciliation: WOGCC &
Gross Product /Severance Review
Sales Volumes submitted to the Wyoming Oil & Gas Conservation Commission (WOGCC) are compared with sales volume reported on the Gross Products (GP) Returns.
Forms with detailed instructions can be found on our website https://revenue.wyo.gov/divisions/mineral-tax/mineral-tax-forms
GP Gas Form 4201
GP Oil Form 4101
Gross Products taxable value and Severance (SEV) taxable value are compared to ensure they match.
SEV Gas Form 3000
SEV Oil Form 2000
Tax Return Process
Reconciliation: TIK & Crude Oil/Stripper Review
Audit
Volumes Reported by the operator are compared to the volumes reported by the Take-In-Kind owners.
The final step in the process is an audit of the taxpayers.
Audits are not performed by the Department of Revenue, but rather by the Wyoming Department of Audit.
Forms with detailed instructions can be found on our website https://revenue.wyo.gov/divisions/mineral-tax/mineral-tax-forms
Form 4211
Oil returns are reviewed to ensure that those companies taking the Stripper Oil Exception, do qualify.
Form 4111