The 1099 Misc form is used to report production payments and rental payments. Oil And Gas Drilling Company will mail the forms by January 31st of each year.
IRS does not require 1099 Misc. forms for:
- Royalty income of less than $10 in a year
- Rental income of less than $600 in a year
Please use the Owner Inquiry Form to request corrections to your 1099 or a duplicate copy.