1099 Example

Questions about your 1099? View a sample 1099 to better understand this important information.

Who should expect to receive a Form 1099-Miscellaneous income statement?

Royalty owners who were issued at least $10 during the 2015 calendar year and working interest owners who were issued at least $600 during the 2015 calendar year should receive a Form 1099-Miscellaneous Income statement. The IRS does not require Chesapeake to furnish a 1099-Miscellaneous Income statement to foreign, nonprofit or incorporated owners.

When will Chesapeake mail Form 1099-Miscellaneous Income statements?

Chesapeake will mail Form 1099-Miscellaneous Income statements by January 31. If you do not receive an expected 1099 by February 15, please contact Owner Relations and include your complete account number.

What information is reported on the Form 1099-Miscellaneous Income statement?

The Form 1099-Miscellaneous Income statement reports an owner's gross income paid by Chesapeake prior to any other deductions or taxes. The form will also list any state or U.S. withholding amounts deducted from a revenue check.

How does Chesapeake report a revenue check that is dated in December 2015 but received by an owner in January 2016?

Revenue is reported on the Form 1099-Miscellaneous Income statement for the year in which the check was issued; regardless of when the owner received the check. In this example, the revenue would be reported on the 2015 form.

Is my Form 1099-Miscellaneous Income statement accessible on chk.com?

At this time, Form 1099-Miscellaneous Income statements are not available on chk.com.   

To request a copy of your 1099 or if you have further questions, please contact Owner Relations and include your complete account number, the last four digits of your Tax Identification Number or Social Security Number along with all details related to your inquiry.