Rev. Rul. 66-198

Under the provisions of section 1.6041-1 of the Income Tax Regulations, the payers of oil and gas royalties are required to file Form 1099, U.S. Information Return For Calendar Year, with respect to royalty payments aggregating $600 or more for a calendar year. Held , these forms must show the gross amounts due the royalty interest owners rather than the net amounts paid to such owners after withholding for various taxes levied by states.