Royalty owners who are paid at least $10 during the calendar year and working interest owners who are paid at least $600 during the calendar year will receive a form 1099-MISC statement that reports an owner’s gross income paid prior to any other deductions or taxes as required by the IRS. The royalty checks are the net amount after any other deductions or taxes. Please log in to www.energylink.com to access payment details.
Form 1099-MISC will also be issued for rental payments, lease bonus payments, delay rental payments, right-of-way payments, or surface impact payments of $600 or more annually.
