Form 215 - Oklahoma Minimum/maximum Franchise Tax Return Page 2
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3Instructions for Completing the Minimum/Maximum Franchise Tax Return
Who qualifies to File Form 215
Specific Line Instructions • Continued
When to File
• Return was due prior to July, 1, 2006 and your
The tax is due on July 1. The report and tax will be
Line 4 • Penalty
delinquent if not paid on or before August 31, and
capital is $8000 or less.
It this return is postmarked after the due date, the
is delinquent on September 1 of each year. If you
• Return was due between July 1, 2006 and
tax is subject to a penalty of 10%. Multiply the
elected to change your filing period to be the same
December 31, 2007 and your capital is $8000 or
amount on Line 1 by 0.10 to determine the
as your corporate income tax, the report and tax,
less.
penalty. Enter the amount of penalty due.
will be delinquent if not paid by the fifteenth (15)
• Return due January 1, 2008 or later and your
day of the third month following the close of the
capital is less than $200,000.
Line 5 • Reinstatement Fee
corporate income tax year. Penalty and interest is
If the corporation has been suspended, it must be
charged after the delinquency date. A corporation
General Instructions
reinstated. Enter $15.00 on Line 5.
may be suspended if the tax is not paid and/or
officer information is not provided. A reinstate-
Please write or type only in the white areas. This
Line 6 • Previous Estimated Payment
ment fee of $15.00 is required to return the
return must be legible and suitable for microfilming
If you filed an estimated return with payment,
corporation to good standing after it has been
Please form your entries as shown in the character
enter the amount of payment on this line.
suspended.
formation guide with a #2 pencil or black ink pen.
Line 7 • Total Due
If you file an extension to file your corporate
Specific Item Instructions
Add the amounts of Lines 1 through 5, subtract
income tax return, a copy of your request for
any entry on line 6, and enter the total on Line 7.
an extension must accompany your estimated
• Item D
Place an “X” in the box if you are a foreign
franchise tax return.
Schedule A • Officer Information
corporation, not incorporated in Oklahoma.
Enter the effective date of officers. Please refer to
Payment Information
• Item E
the examples on Schedule A. If any preprinted
Place an “X” in the box if any preprinted information
officer information (Schedule A) is incorrect,
To assist us in processing your return accurately
is incorrect. Make corrections in the space provided
please make the necessary changes on Schedule
and assure proper credit to your account, please
below.
A and mail with your tax return and payment. Be
send a separate check made payable to the
sure to update the corporate officers name,
• Item F
Oklahoma Tax Commission with each report
address and social security number. Failure to
Place an “X” in the box if you have had a year end
submitted. Please put your FEIN on your check.
but have not completed the balance sheet. You
provide this information could result in the
must file an estimated return.
corporation being suspended.
Who to Contact for Assistance
• Item G
For franchise tax assistance, call the Oklahoma
Who Must File
If your FEIN is not preprinted, please enter your
Tax Commission at (405) 521-3160.
FEIN.
Every corporation doing business in the state of
Oklahoma must file an annual franchise tax return
Mandatory inclusion of Social Security and/or
Specific Line Instructions
and pay the franchise tax by July 1 of each year.
Federal Employer's Identification numbers is
required on forms filed with the Oklahoma Tax
The report and tax will be delinquent if not paid
Line 1 • Tax
on or before August 31, or if you elected to
Commission pursuant to Title 68 of the Oklahoma
Enter the amount computed from your worksheet.
Statutes and regulations thereunder, for
change your filing period to be the same as your
The amount must be either zero (0) or the
corporate income tax, the report and tax will be
identification purposes, and are deemed to be part
maximum $20,000.00 tax.
delinquent if not paid by the fifteenth (15) day of
of the confidential files and records of the
the third month following the close of the
Oklahoma Tax Commission.
Line 2 • Registered Agent Fee
If your corporation originated in a state other than
corporate income tax year. You may file this
return if your tax liability is zero (0) or the
Oklahoma, the Secretary of State of Oklahoma
Mailing Instructions
charges an annual registered agent fee of $100.00.
maximum of $20,000.00. If you do not quality to
Please mail your completed return, officer
file this form, you must file Form 200. Download it
If this applies to your corporation, enter $100.00 on
information and payment to
Line 2.
from our website at , or call the
OTC at (405) 521-3160. The report and tax are
Oklahoma Tax Commission
Line 3 • Interest
due annually until the corporation ceases under
If this return is postmarked after the due date, the
Franchise Tax
the provisions of the Oklahoma General
tax is subject to 1.25% interest per month from the
P.O. Box 26930
Corporation Act. If you wish to make an election
due date until it is paid. Multiply the amount on Line
to change your filing frequency for your next
Oklahoma City, OK 73126-0930
I by .0125 for each month the report is late. Enter
reporting period, please complete OTC Form
the amount of interest due.
200F: Request to Change Franchise Tax Filing
Period.
The Oklahoma Tax Commission is not required to give actual notice of changes in any state tax law.
Changes in Pre-Printed Information:
If you checked Box E.,indicate the changes only below.
Name _______________________________________________________
Address _____________________________________________________
City ________________________________________________________
State ________________________________________________________
ZIP Code ____________________________________________________
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