Get 2024 Form 512-e Oklahoma Return Of Organization Exempt From Income Tax

This guide provides a comprehensive overview of how to complete the 2024 Form 512-E for organizations exempt from income tax in Oklahoma. By following these instructions, users can efficiently navigate and fill out the form online.

Follow the steps to complete the form accurately and efficiently.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. In Part 1, enter the organization’s name, Federal Employer Identification Number, date qualified for tax-exempt status, and address, including city, state or province, and ZIP code. Indicate if this is your initial return, final return, or amended return by placing an ‘X’ in the appropriate box.
3. In Part 2, provide information about unrelated business taxable income. Fill in the total unrelated trade or business income, applicable deductions, and calculate the unrelated business taxable income. Ensure the totals align with applicable Federal Form(s) 990.
4. For the income subject to tax, input figures from the statement in the corresponding fields (lines 1-12). Ensure to detail any other net income and applicable deductions. Calculate amounts accurately.
5. Complete the tax computation section by determining the tax based on the Oklahoma taxable income using the rates provided. Ensure any credits are properly calculated and deducted.
6. If applicable, complete the donations section by indicating if you wish to donate part of your refund to supported programs. Follow the instructions to allocate the donations clearly.
7. Fill out the direct deposit information correctly, including selecting whether the refund goes into a checking or savings account, and providing the correct routing and account numbers.
8. At the end of the form, review all information entered for accuracy. Ensure the required signatures are completed, including those of any officers or trustees and preparers, if applicable.
9. Once completed, users can save changes, download, print, or share the form as necessary for submission.

Complete your forms online today to ensure timely and accurate tax filing.