Form 512 - Corporation Income Tax Return - 1998 Page 2

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S
A
CHEDULE
Form 512-Page 2
For corporations whose income is all within Oklahoma
and/or
For corporations whose income is partly within and partly without Oklahoma (Not Unitary)
Enclose a complete copy of your Federal return
COLUMN A
COLUMN B
As Reported in
Total Applicable
All applicable lines and schedules must be filled in.
Important --
Federal Return
to Oklahoma
G
1
Gross receipts or gross sales _____________ Less: Returns and allowances
.................
1
2
Less: Cost of goods sold
............................................................................................
2
R
3
Gross profit (Line 1 less line 2)
...................................................................................
3
O
4
Dividends
.....................................................................................................................
4
5
Interest on obligations of the United States and U.S. Instrumentalities
5
S
.......................
6
a
6
(a) Other interest
..........................................................................................................
S
(b) Municipal interest
...................................................................................................
6
b
7
Gross rents
..................................................................................................................
7
Gross royalties
.............................................................................................................
8
8
9
(a) Net capital gains
.....................................................................................................
9
a
I
(b) Ordinary gain or (loss)
............................................................................................
9
b
N
10
Other income (Enclose schedule)
................................................................................
10
C
11
Total Income-Add lines 3 through 10
......................................................
11
12
Compensation of officers
............................................................................................
12
O
13
Salaries and wages
....................................................................................................
13
M
14
Repairs
........................................................................................................................
14
E
15
Bad debts
...................................................................................................................
15
16
Rents
.........................................................................................................................
16
17
17
Taxes
..........................................................................................................................
18
Interest
........................................................................................................................
18
D
19
Contributions
...............................................................................................................
19
Amortization
.................................................................................................................
20
E
20
21
Depreciation
.................................................................................................................
21
D
22
Depletion (See instructions below)
.............................................................................
22
U
23
Advertising
...................................................................................................................
23
C
24
Pension, profit-sharing plans, etc.
................................................................................
24
25
Employee benefit programs
........................................................................................
25
T
26
Other deductions (Enclose schedule)
.........................................................................
26
I
27
Total Deductions-Add lines 12 through 26
..............................................
27
28
Taxable income before net operating loss deductions and special deductions
................
28
O
29
Less: (a) Net operating loss deduction (schedule)
29(a)
N
(b) Special deductions
................................
29(b)
29
S
.......................
30
Taxable income (Line 28 less line 29a & b)(Enter on line 1, page 1)
30
The Oklahoma Tax Commission is not required to give actual notice to taxpayers of changes in any state tax law.
Note: Indicate method used to allocate expenses to Oklahoma and enclose schedule of computations
O
D
I
L
O
F
D
KLAHOMA
EPLETION
N
IEU
F
EDERAL
EPLETION
Oklahoma depletion on oil and gas may be computed at twenty-two percent (22%) of gross income derived from each Oklahoma property
during the taxable year. Major oil companies, as defined in Section 288.2 of Title 52 of the Oklahoma Statutes, when computing Oklahoma
depletion shall be limited to fifty percent (50%) of the net income (computed without the allowance for depletion) from each property.
NOTE: Depletion schedule by property must be enclosed with return.
Location of Principal Accounting Records
Address
City
State
Zip
Telephone Number (
)
Has the Internal Revenue Service redetermined your tax liability for prior years?
What years?
Has the statute of limitations been extended by consent for any prior years?
What years?
Furnish (under separate cover) copies of all finalized RAR'S.
Business name and principal locations in Oklahoma
Date of Incorporation
Date Business Began in Oklahoma
Give name, address and relationship of all affiliated corporations - enclose Federal form 851
NAME
ADDRESS
RELATIONSHIP

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