How do I contact the Oklahoma State Tax Office?
Oklahoma Tax Office Phone Numbers. Toll-Free Number (in-state) (800) 522-8165. OK Taxpayer Assistance. (405) 521-3160. Oklahoma Tax Office Area Locations. Address Changes. (405) 521-3160. Agriculture Exemption.
How is franchise tax calculated in Oklahoma?
How Is Franchise Tax Calculated? The franchise tax is calculated at a rate of $1.25 per $1,000 of capital employed in or apportioned to the business's outpost in Oklahoma. The franchise tax applies solely to corporations with capital of $201,000 or more.
How do I register a business in Oklahoma?
In order for a business to be registered in Oklahoma, it must report its income to the state's tax commission and the IRS. Corporations and other for-profit businesses organized in the state are subject to the rules of taxation.
How do I change the filing date for my Oklahoma Corporation?
If you wish, you may change the franchise tax filing date for your corporation. You can change your filing date by filing Form 200-F (Request to Change Franchise Tax Filing Period) by mail or online using OkTAP, Oklahoma's online filing system, by July 1st.
How do I contact the Oklahoma Tax Commission?
Contact InformationPhysical address: 2501 North Lincoln Boulevard. Oklahoma City, OK 73194.Phone: 800-522-8165 in state or 405-521-3160.Web: Home.Email: [email protected].
Does Oklahoma have a franchise tax?
Oklahoma franchise (excise) tax is levied and assessed at the rate of $1.25 per $1,000.00 or fraction thereof on the amount of capital allocated or employed in Oklahoma. Oklahoma Taxpayer Access Point (OkTAP) makes it easy to file and pay.
Can you track your Oklahoma tax refund?
Simply call (405) 521-3160 or in-state toll free (800) 522-8165, extension 13160 and select the option to "Check the status of an income tax refund". By providing your Social Security Number and amount of your refund, the system will provide you with the status of your Oklahome tax refund.
How long can Oklahoma collect back taxes?
No assessment of any tax can be made after the expiration of three years from the date the return was required to be filed or the date the return was actually filed, whichever is later.
Can you extend the Oklahoma franchise tax Return?
(Line 16 of annual return.) If you file an extension to file your corporate income tax return, a copy of your request to file an extension must accompany your franchise tax return. Extensions of time to file may be granted upon receipt of a tentative return and remittance based on an estimate of the tax due.
Does an LLC file franchise tax in Oklahoma?
LLCs are statutorily exempt from franchise tax. How is franchise tax calculated? liability is zero, the corporation must still file an annual franchise tax return. If a foreign corporation (one domiciled outside Oklahoma) has no franchise tax due, it is still liable for the $100.00 registered agent fee.
How can I check where my tax refund is?
Use the Where's My Refund tool or the IRS2Go mobile app to check your refund online. This is the fastest and easiest way to track your refund. The systems are updated once every 24 hours. You can call the IRS to check on the status of your refund.
How do I find out if I owe Oklahoma state taxes?
Contact the Oklahoma Department of RevenueGeneral Inquiries: (800) 522-8165 or (405) 521-3160.Assessment Letters: (405) 522-5737.Payment Plans: (405) 521-3281.Account Maintenance: (405) 521-4271.Email: [email protected].
What is Oklahoma tax refund Way2Go card?
The Way2Go card is a MasterCard branded prepaid debit card and your net pay is deposited directly onto the card each pay period.
What happens if I don't pay my Oklahoma state taxes?
There are criminal penalties (felony or misdemeanor with jail time and/or fines) as well as civil penalties. Wages may be garnished and liens may be filed against real or personal property to satisfy unpaid taxes, interest, or penalties.
What happens if you dont pay Oklahoma taxes?
Delinquent penalty of 5% may be charged, if at least 90% of your total tax liability has not been paid by the original due date. Delinquent interest, at the rate of 1.25% per month, may be charged if 100% of your tax liability is not paid by the original due date of the return.
At what age do you stop paying property taxes in Oklahoma?
The property owner must be age 65 or over as of January 1st to qualify. Gross household income from the preceding year does not exceed the 2022 maximum income qualification of $73,200.
Who is subject to Oklahoma franchise tax?
corporationsOklahoma's franchise tax is calculated at the rate of $1.25 for each $1,000.00 of capital employed in or apportioned to Oklahoma. Only those corporations with capital of $201,000.00 or more are required to pay the franchise tax. The maximum amount of franchise tax that a corporation may pay is $20,000.
How do I file franchise tax in Oklahoma?
Corporations required to file a franchise tax return may elect to file a combined corporate income and franchise tax return. To make this election, file Form 200-F. Corporations not filing Form 200-F must file a stand-alone Oklahoma Annual Franchise Tax Return (Form 200).
How much are LLC taxes in Oklahoma?
In Oklahoma, the corporate tax is a flat 6% of Oklahoma taxable income. If your LLC is taxed as a corporation you'll need to pay this tax. The state's corporate income tax return (Form 512) is filed with the Oklahoma Tax Commission.
Does Oklahoma have a state income tax?
Oklahoma has a graduated individual income tax, with rates ranging from 0.25 percent to 4.75 percent. Oklahoma also has a 4.00 percent corporate income tax rate.
How to contact the Oklahoma Oklahoma Tax Commission
If you have any questions about the Oklahoma sales tax, your business' account or your tax responsibilities the Oklahoma Tax Commission is there to answer your questions.
Oklahoma Tax Commission Website
For more information, you can visit the sales tax information portal on the Oklahoma Tax Commissions website online at http://www.tax.ok.gov/salestax.html .
Who is responsible for filing state franchise tax in Oklahoma?
Business entities, like joint-stock companies, trusts, and associations, that are registered in another state, district, territory, or foreign country are responsible for filing state franchise tax if operating in Oklahoma unless they are exempt by statute.
How much is franchise tax in Oklahoma?
The franchise tax is calculated at a rate of $1.25 per $1,000 of capital employed in or apportioned to the business's outpost in Oklahoma. The franchise tax applies solely to corporations with capital of $201,000 or more. Eligible entities are required to annually remit the franchise tax. In Oklahoma, the maximum amount ...
Who Must Pay the Franchise Tax?
The reinstituted Oklahoma franchise tax, on the other hand, only applies to corporations that were formed or do business in the state.
When Do Franchise Tax Returns Become Delinquent?
Franchise tax returns and payment filed after September 1st are considered delinquent unless the elected filing date of a corporation coincides with a fiscal-year schedule. In this case, payments are considered delinquent if no payment is received by the 15th day of the third month following the close of the corporate year.
What Are the Penalties For Paying Franchise Tax Late?
Late franchise tax payments are subject to penalties of 10 percent of the tax owed and interest accrued at the rate of 1.25 percent monthly thereafter.
How to change franchise filing date?
If you wish, you may change the franchise tax filing date for your corporation. You can change your filing date by filing Form 200-F (Request to Change Franchise Tax Filing Period) by mail or online using OkTAP, Oklahoma's online filing system , by July 1st. After you have filed the request to change your filing period, ...
What is the liability for filing a tax return in Oklahoma?
Liability for Filing Return. In order for a business to be registered in Oklahoma, it must report its income to the state's tax commission and the IRS. Corporations and other for-profit businesses organized in the state are subject to the rules of taxation.
