Will I receive a 1099 every year?

Royalty owners who received $10 or more and working interest owners who received $600 or more in the calendar year will receive a 1099 by January 31st of the following year. The income reported to the IRS is your gross income prior to any deductions or taxes. The 1099 form will also list any state or federal backup withholding amounts deducted from your revenue checks. The same form can be used to report state income tax. We do not send 1099’s to corporations.

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Epic Energy prides itself in being a low-cost operator that can continue to generate positive cash flows even in the most difficult commodity price environments. Our unique relationship with Walsh Engineering & Production allows us to maximize production while maintaining expenses to achieve the highest rate of return possible for our investors. We are currently producing over 400 wells across the San Juan Basin. With decades of experience, the Epic Energy team is a powerful company to consider when seeking a partner.

Will I receive a 1099 every year?

Will I receive a 1099 every year?

Epic Energy

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