Get Oklahoma Form Sts0002

This guide provides clear and comprehensive instructions for completing the Oklahoma Form Sts0002 online. Whether you are a seasoned vendor or someone new to the sales tax reporting process, this guide will support you in successfully filling out the form.

Follow the steps to fill out Oklahoma Form Sts0002 online.

1. Click ‘Get Form’ button to obtain the form and open it in your editor.
2. Enter your taxpayer identification number (FEIN/SSN) in section A. This is a critical identifier for your sales tax report.
3. In section B, specify the reporting period by entering the month and year for the sales being reported. Start with the month of your first sale.
4. Fill in section C with the due date for the report, ensuring it corresponds with the information provided.
5. Enter your Sales Tax Permit Number in section D.
6. Provide your name and mailing address in section E. Ensure accuracy for proper correspondence.
7. If your mailing or business address has changed, mark the appropriate box in section F and provide the new information.
8. If you are closing your business, indicate this in section G by marking the box.
9. Calculate the total sales in section H, line 1. Enter the gross receipts from all sales, including taxable and non-taxable.
10. In line 2, enter the sales value of items removed from inventory for personal use.
11. Use line 3 to compute total sales tax exemptions based on the exemption schedule (section N).
12. Calculate net taxable sales and record this amount in line 4 by subtracting total exemptions from lines 1 and 2.
13. For line 5, calculate the state tax by multiplying the net taxable sales by the applicable tax rate.
14. Complete lines 6 through 13 for city/county tax computation as necessary. Enter the appropriate codes, names, taxable sales, and tax rates.
15. Sum total lines 6 through 13 in line 14.
16. Total all city/county taxes from your supplementary pages in line 15.
17. Add the results of lines 5, 14, and 15 in line 16 to determine the total tax due.
18. If applicable, calculate the discount in line 17.
19. Enter any interest due in line 18 if your report is late.
20. Calculate any penalties in line 19 for late filing.
21. In line 20, record any approved credits you wish to apply.
22. Finally, sum up the totals in line 21 for the overall total due.
23. Sign and date the report. Prepare it for mailing with the required payment to the Oklahoma Tax Commission.
24. Review your entries for accuracy. Once satisfied, save changes, download, print, or share the form as needed.

Complete your Oklahoma Form Sts0002 online today and ensure compliance with sales tax requirements.