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  • Oklahoma Backup Withholding

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BALANCE The Oklahoma Tax Commission is not required to give actual notice to taxpayer of changes in any state tax law. Under penalties of perjury I declare that I have examined this return including accompanying returns schedules and statements and to the best of my knowledge and belief it is true correct and complete. This declaration is based on all information of which I have any knowledge. Date Revision 1997 Signature of officer or trustee Si.

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An individual's withholding allowance amount is the Oklahoma individual income tax personal exemption amount of $1,000 divided by the number of payroll periods in the calendar year.

Okla. Admin. The amount of income tax to be withheld is six and three-fourth's percent (6.75%) of the gross royalty amount paid.

U.S. State Nonresident Withholding Tax is a mandatory prepayment of tax of individuals or entities that are not resident in the state. A common example of this is the taxation of oil and natural gas royalty interest revenue.

Payment should be sent with the correct payment coupon every month to en- sure accurate posting to the withholding account. Monthly payments and quarterly returns can be easily filed electronically before or on the due date by using OkTAP located at oktap.tax.ok.gov.

Non-residents are also required to file a state income tax return when they receive gross income of at least $1,000 of Oklahoma source income.

Oklahoma Income Tax Withholding Oklahoma requires employers to withhold state income tax from their employees' wages and remit the amounts withheld to the Withholding Tax Division, Oklahoma Tax Commission.

The withholding rate is 5% of the Oklahoma share of the taxable income distributed to the nonresident member. A pass-through entity is not required to withhold tax for a nonresident member if the nonresident member files a withholding exemption affidavit, OTC Form OW-15.

The withholding rate is $9.35 plus 4.75% of the net amount of the wage payment that is over $1,038.00.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232