Get Oklahoma Nonresident Royalty Withholding Tax Return

Filling out the Oklahoma Nonresident Royalty Withholding Tax Return online is an essential step for nonresident royalty interest owners to ensure compliance with tax obligations. This guide provides a clear and structured approach to help users accurately complete the form.

Follow the steps to complete the Oklahoma Nonresident Royalty Withholding Tax Return.

1. Click ‘Get Form’ button to access the Oklahoma Nonresident Royalty Withholding Tax Return document.
2. Enter your taxpayer FEIN in section A at the top of the form. This unique identifier is crucial for processing your return.
3. In section B, indicate the reporting period for the tax return. This specifies the timeframe covered by the royalty payments.
4. Provide the due date for the tax return in section C. Ensure this date aligns with the 30th day of the month following the quarter.
5. Complete line 1 by entering the total amount of Oklahoma royalty interest paid to nonresident royalty owners for the period.
6. In line 2, calculate the tax withheld by multiplying the amount from line 1 by 5%.
7. If your return is submitted after the due date, fill in line 3 with the interest owed. Multiply the amount on line 2 by 1.25% for each month overdue.
8. Complete line 4 with any applicable penalty. If filed after the last day of the month due, multiply the amount on line 2 by 10%.
9. Line 5 requires you to total the amounts from lines 2 through 4 to determine the total amount due.
10. If there is an address change, check Box E and write the new address in section E. If this is your last return as a remitter, check Box F and provide the date out of business.
11. If you are correcting a previously filed return, check Box G and include the revised reporting period in Item B. Enter the corrected figures for lines 1, 2, and 5.

Complete your Oklahoma Nonresident Royalty Withholding Tax Return online to ensure timely submission and compliance.