Form Ow-9-P - Nonresident Oklahoma Distributed Income Withholding Tax Penalty And Interest Worksheet Page 2

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Section One: Estimated Withholding Tax Penalty and Interest
Part One: Required Estimated Withholding Tax Payment
1
Income tax withheld (from Form WTP10003, line 2) ........
If less than $500, stop here; you’re not required to make estimated tax payments.
2
Multiply line 1 by 70% .......................................................
3
Income tax required to be withheld from all nonresident
members for the preceding taxable year ...........................
4
Required estimated withholding tax payment.
Enter the smaller of line 2 or line 3 ....................................
(Enter 25% of this amount in Part Two, line 6 in each column)
Column A
Column B
Column C
Column D
Part Two: Figure Your Underpayment
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
April 30
July 31
October 31
January 31
5
Quarterly due date .............................................................
6
Required estimated withholding tax payment
......................
(Enter 25% of the amount in Part One, line 4 in each column)
7
Enter amount of timely paid estimated withholding tax ......
Complete lines 8-14 of one column before continuing...
8
Enter amount, if any, from line 14 of previous column .......
9
Add amounts on lines 7 and 8 ...........................................
10
Add amounts on line 12 and 13 of the previous column ....
11
For Column A only, enter the amount from line 7.
For Columns B, C, and D, subtract line 10 from line 9.
If zero or less, enter 0. .......................................................
12
If the amount on line 11 is zero, subtract line 9 from line
10. Otherwise, enter 0. ......................................................
13
Underpayment. If line 6 is equal to more than line 11,
subtract line 11 from line 6. Then go to line 8 of the next
column. ..............................................................................
14.
Overpayment. If line 11 is equal to or more than line 6,
subtract line 6 from line 11. Then go to line 8 of the next
column. ..............................................................................
Part Three: Figure Your Underpayment of Estimated Tax Penalty and Interest
15.
Quarterly due date .............................................................
April 30
July 31
October 31
January 31
16.
Number of days from quarterly due date (line 15) to the
date the amount of line 13 was paid ..................................
17.
Penalty and interest due for each column
Line 13 x Number of days on line 16 x 0.25
...................................................
divided by 365
18.
Total underpayment penalty and interest due
(add line 17 of
.............
Columns A, B, C, and D. Enter here and on Form WTP10003, line 5)
Section Two: Figure Your Delinquent Penalty & Interest on Annual Report Payment
19.
Annual Report due date ...........................................................................
20.
Enter the amount paid with Annual Report
............
(Form WTP10003, line 2)
(Do not complete
21.
Enter required estimated withholding tax payment from line 4 above .....
this section if
22.
Balance of withholding due
..................................
(subtract line 21 from line 20)
Form WTP10003
23.
Number of days from Annual Report due date (line 19)
was timely paid)
to the date actually paid ...........................................................................
24.
Interest due
Line 22 x Number of days on line 23 x 0.15
divided by 365 ...........................................................................................
25.
Penalty due
.........................................................................
(Enter 10% of line 22)
26.
Total Delinquent Penalty and Interest due
(Add lines 24 and 25, enter
.....................................................................
here and on Form WTP10003, line 6)

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