My 1099 shows more than I received on my royalty checks

My 1099 shows more than I received on my royalty checks

We are required by the IRS to report the gross amount on your 1099-MISC and 1099-NEC. Your royalty checks reflect the net amount received after taxes and deductions.  All the information to get the net (check) amount is provided from your revenue statements and available
online at EnergyLink.  

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    • Why Haven't I Received my Check?

      Owners will not receive a check if the account balance has not reached the minimum payment threshold of $100, unless directed otherwise by State statutes. To see if you received a check, please sign up for EnergyLink. If EnergyLink shows you received ...

    • When Are Royalty Payments Suspended?

      Royalty payments may be suspended until certain conditions are satisfied. Generally, royalty payments may be suspended for reasons such as a missing Tax ID, incorrect address, assignment of interest, notice of death, lack of documentation/title ...

    • Why was my royalty payment adjusted?

      Royalty accounts are subject to Prior Period Adjustments (PPAs). There are many factors that may result in a prior period adjustment, such as: Revised production statements from the property operator Revised plant statements from a plant operator or ...

    • Why does my royalty check amount vary?

      Various factors will affect your royalty check, including: Fluctuating commodity prices Normal production volume declines Operational issues that may affect production volumes Volume or price revisions may require prior period adjustments (PPAs). If ...

    • Why did I receive 2 forms: 1099-MISC & 1099-NEC?

      If you received both royalty and working interest payments in these are now reported on separate forms. Also, if you received royalty payments and provided services to Urban, these will be on different forms.