Get OK OW-8-ES 2014

Form 511 Oklahoma Resident Income Tax Return and Sales Tax Relief Credit Form.

Oklahoma does not have provisions for a composite return. The S corporation must provide nonresident shareholders a Form 500-B. By the due date (including extensions) of its income tax return. Showing their respective amount of income and tax withheld.

What are my Oklahoma Military and Veterans State Tax Benefits? Oklahoma Income Tax Exemption for Military Wages: An Oklahoma resident who is a member of any component of the Armed Services may exclude 100% of his/her taxable active duty military pay.

Filing Income Taxes in Oklahoma The standard deduction for Oklahoma taxpayers is $6,300 ($12,600 if married and filing jointly), or $9,300 for head of household (current for the 2016 tax year). See the Oklahoma Tax Commission's page on individual general filing information for more details.

Employers are required to file Forms W-2 electronically over the Oklahoma Taxpayer Access Point (OKTap) electronic reporting system.

None of the yearly fees you pay to register your car in Oklahoma is deductible as personal property tax as the fees are not based on the value of your car. However, the excise tax you pay in Oklahoma when you purchase a vehicle is deductible as part of the general sales tax.

An excise tax isn't deductible if it's for a personal expense. You can deduct as a business expense excise taxes that are ordinary and necessary expenses of carrying on your trade or business. ... Include state and local sales tax, or any excise tax paid on the purchase of a vehicle as part of the cost of the vehicle.

Can I deduct an excise tax? Generally speaking, true excise taxes cannot be deducted on your personal return. This would include things like fuel tax and excise taxes paid to your city or state when you sell your home. Excise taxes that are necessary to conduct business can usually be deducted as a business expense.

To deduct the value-based portion of your registration fee, you must itemize your deductions using federal Schedule A. Car fees go on the line for "personal property taxes." ... Nevertheless, if the fee is value-based and assessed on a yearly basis, the IRS considers it a deductible personal property tax.

Standard vehicle excise tax is assessed as follows: New Vehicle: 3.25% of the purchase price (or taxable value, if different) Used Vehicle: $20.00 on the 1st $1500.00 of value + 3.25% of the remainder.

Third party access allows another individual, such as a tax preparer, to manage certain aspects of a taxpayer's accounts on OkTAP, such as filing a return or making payments. The taxpayer with the accounts on OkTAP, or the first party, must grant the third party access and can change or cancel their access at any time.

Oklahoma Retired Military Pay Income Taxes: Any individual may exclude the greater of 75% of their retirement benefits or $10,000, but not to exceed the amount included in the Federal Adjusted Gross Income.

To receive sales tax exemption in Oklahoma, a nonprofit corporation must file Form 13-16-A with the Oklahoma Tax Commission, and attach the following items to the form: Articles of incorporation. The bylaws of the OK nonprofit organization.

Call 1-866-289-0455 to make a credit card payment by phone if you desire to do so. Along with paying online with a credit card and electronic check, paying by phone is another option to pay your Oklahoma state taxes.

Forms can be downloaded from our business tax forms list, requested by calling Taxpayer Assistance at (405) 521-3160 or by picking them up at one of our offices.