Oklahoma Minimum Franchise Tax Form – Fill Out and Use This PDF

The basis for computing your tax is the balance sheet as shown by your books

(A) Everywhere

(B) Oklahoma Only

of account at the close of your most recent income tax accounting year.

(Do not use if all property is in OK)

1.

Enter total company assets

________________________________

_______________________________

2.

Enter business done

________________________________

_______________________________

3.

Total assets and business done (Line 1 plus Line 2)

________________________________

_______________________________

4.

Percentage of capital employed in Oklahoma. Select the option

________________________________

you will use to determine the apportionment of Oklahoma Assets

Option 1: Percent of Oklahoma Assets and business done to total assets and

business done. (Line 3B divided by line 3A) Round to 4 decimal points.

Option 2: Percent of Oklahoma Assets to total net assets

(Line 1B divided by line 1A) Round to 4 decimal points.

5.

Enter total current company liabilities; i.e. accounts payable, short term debt, etc.

_________________________________

________________________________

6.

Calculate the capital employed in Oklahoma

_________________________________

--Everywhere (Line 1A minus Line 5A multiplied by Line 4)

OR

--Oklahoma only (Line 1B minus Line 5B)

_________________________________

7.

Calculate your franchise tax. The tax rate is $1.25 per $1,000.00, or portion thereof,

_________________________________

_________________________________

of capital employed in Oklahoma. Use Line 6A if company employs capital in states

other than Oklahoma. Use 6B if all company capital is in Oklahoma.

Special Note: To insure that your report will be properly

1

2

3

4

5

6

7

8

9

0

X

processed, please print all figures within boxes as shown.

• Write only

• Do not fold, staple or paper clip

PLEASE DETACH HERE AND RETURN REPORT BELOW

in white areas

OKLAHOMA MINIMUM/MAXIMUM FRANCHISE TAX RETURN

A. Taxpayer FEIN

B. Reporting Period

C. Due Date

G. TAXPAYER FEIN

H. TAX PERIOD

M M D D

Y Y

-- DOLLARS --

CENTS

-OFFICE USE ONLY- F.C.

P.T. D. FOREIGN E. CHANGE

F. ESTIMATED

CORP.

RETURN

1. Tax

=

0

0

(Minimum $10 or Maximum $20,000)

+

2.

Registered Agent Fee

0

0

(see instructions)

+

3.

Interest

Name

4.

Penalty

+

5.

Reinstatement Fee

0

0

Address

+

(see instructions)

6. Total Due

City

State

ZIP

=

(Min. $10)

must be legible and suitable for microfilming Please

Line 4 • Penalty

The tax is due on July 1 The report and tax will be

form your entries as shown in the character

It this return is postmarked after the due date, the

delinquent if not paid on or before August 31, and

formation guide with a #2 pencil or black ink pen.

tax is subject to a penalty of 10%. Multiply the

is delinquent on September 1 of each year, or if

amount on Line 1 by 0.10 to determine the

you elected to change your filing period to be the

SPECIFIC ITEM INSTRUCTIONS

penalty. Enter the amount of penalty due.

same as your corporate income tax, the report and

tax, will be delinquent if not paid by the fifteenth

• Item D

Line 5 • Reinstatement Fee

(15) day of the third month following the close of

Place an 'X' in the box if you are a foreign

the corporate income tax year. Penalty and

If the corporation has been suspended, it must be

corporation, not incorporated in Oklahoma.

interest is charged after the delinquency date. A

reinstated. Enter $15 00 on Line 5.

corporation may be suspended if the tax is not

• Item E

paid and/or officer information is not provided. A

Place an `X" in the box if any preprinted information is

Line 6 • Total Due

reinstatement fee of $15.00 is required to return

incorrect. Make corrections in the space provided

Add the amounts of lines 1 through 5 and enter

the corporation to good standing after it has been

below.

the total on line 6.

suspended.

• Item F

Schedule A • Officer Information

Place an X` in the box if you have not completed a

If you file an extension to file your corporate

year end balance sheet You must file an estimated

Enter the reporting period indicated in Item B.

income tax return, a copy of your request for

return.

If any preprinted officer information (Schedule A)

an extension must accompany your estimated

is incorrect, please make the necessary changes

• Item G

franchise tax return.

on Schedule A and mail with your tax return and

If your FEIN is not preprinted, please enter your

FEIN.

payment. Be sure to update the corporate

PAYMENT INFORMATION

• Item H

officers' name, address and social security

number. Failure to provide this information could

To assist us in processing your return accurately

Enter the tax year for which you are filing a return.

result in the corporation being suspended.

and assure proper credit to your account, please

send a separate check with each report submitted.

SPECIFIC LINE INSTRUCTIONS

WHO MUST FILE

Please put your FEIN on your check.

Line 1 • Tax

Every corporation doing business in the state of

WHO TO CONTACT FOR ASSISTANCE

Enter the amount computed from your

Oklahoma must file an annual franchise tax return

worksheet. The amount must be either the

and pay the franchise tax by July 1 of each year.

For franchise tax assistance, call the Oklahoma

minimum $10.00 or maximum $20,000.00 tax.

The report and tax will be delinquent if not paid

Tax Commission at (405) 521-3160.

on or before August 31, or if you elected to

Line 2 • Registered Agent Fee

change your filing period to be the same as your

Mandatory inclusion of Social Security and/or

If you are incorporated in a state other than

corporate income tax, the report and tax will be

Federal Employer's Identification numbers is

Oklahoma, the Secretary of State of Oklahoma

delinquent if not paid by the fifteenth (15) day of

required on forms filed with the Oklahoma Tax

charges an annual registered agent fee of $100.00.

the third month following the close of the

Commission pursuant to Title 68 of the Oklahoma

If this applies to your corporation, enter $100.00 on

corporate income tax year. The report and tax are

Statutes and regulations thereunder, for

line 2.

due annually until the corporation ceases under

identification purposes, and are deemed to be part

the provisions of the Oklahoma General

Line 3 • Interest

of the confidential files and records of the

Corporation Act. If you wish to make an election

Oklahoma Tax Commission.

If this return is postmarked after the due date, the

to change your filing frequency for your next

tax is subject to 1.25% interest per month from the

reporting period, please complete OTC Form

MAILING INSTRUCTIONS

due date until it is paid. Multiply the amount on Line

200F: Request to Change Franchise Tax Filing

I by .0125 for each month the report is late. Enter

Period. You may file this return if your tax

the amount of interest due.

Please mail your completed return, officer

liability is the minimum of $10.00 or the

information and payment to

maximum of $20,000.00. If you do not quality to

file this form call the OTC at (405) 521-3160 for

Oklahoma Tax Commission

the correct form.

Franchise Tax

The Oklahoma Tax Commission is not required to give actual notice of changes in any state tax law.

P.O. Box 26930

Oklahoma City, OK 73126-0930

City

State

ZIP

(Date)

President

Social Security Number

Home Address (street and number, city, state, ZIP code)

Home Phone (area code and number)

Vice President

Social Security Number

Home Address (street and number, city, state, ZIP code)

Home Phone (area code and number)

Secretary

Social Security Number

Home Address (street and number, city, state, ZIP code)

Home Phone (area code and number)

Treasurer

Social Security Number

Home Address (street and number, city, state, ZIP code)

Home Phone (area code and number)