OMB control number

Probable or Prospective Reserves Safe Harbor

OMB 1545-1861 · TREAS/IRS.

OMB 1545-1861

Revenue Procedure 2004-19 requires a taxpayer to file an election statement with the Service if the taxpayer wants to use the safe harbor to estimate the taxpayers' oil and gas properties' probable or prospective reserves for purposes of computing cost depletion under Sec. 611 of the Internal Revenue Code.

The latest form for Probable or Prospective Reserves Safe Harbor expires 2026-12-31 and can be found here.

Latest Forms, Documents, and Supporting Material