1. All NM Taxes
  2. Frequently Asked Questions
  3. What proof does TRD accept that an oil and gas proceeds payment is subject to further distribution by the recipient?

What proof does TRD accept that an oil and gas proceeds payment is subject to further distribution by the recipient?

Acceptable proof of redistribution of oil and gas proceeds includes – but is not limited to – written notification from a recipient, or such internal documentation as signed division orders showing that the recipient must make payments to another person.