Form 512-S - Oklahoma Small Business Corporation Income Tax Return

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2011 Form 512-S - Page 4

Part 5: Shareholders’ Pro Rata Share of Income

Check

Net distributable income as reported on

Name and address

SSN or

Number

Shareholders

Federal return (Part 3, Column A, line

non-

of shareholder

FEIN

of Shares

applicable %

resident

18, times Part 5, Column 4**)

(a)

(b)

(c)

(d)

(e)

(f)

If nonresident agreement (Form 512-

Share of Oklahoma

SA) is NOT attached, check box and

Shareholder’s

net distributable income

Allowable Oil and

enter the amount shown in Column 6.

portion of Okla-

(Part 3, Column B, line 18

Gas Depletion

Type of Credit

Gas Depletion

The S corporation will be taxed on the

homa credit or

(Federal)

or Withholding

times Part 5, Column 4**)

(Oklahoma)

income reported in this column.

withholding

(a)

(b)

(c)

(d)

(e)

(f)

Total: Nonresident share of income to tax (add amounts shown in column 7).

Enter here and on Page 1, Part 1, line 1a

**NOTE: The amount shown in Part 3, Column B, line 18, Oklahoma net distributable income, may not be the amount to be entered on the shareholder’s Oklahoma

income tax return. This amount includes all allowable shareholder’s income, losses, and deductions. Some of these items may be limited on the Federal

return. If these items are allowed in full or part on your Federal income tax return, they will be allowed to the same extent on your Oklahoma return.

Enclose a copy of your Federal return.

Part 6: Additional Information

1. Kind of Business: _____________________________________________________________________

2. Is this return on cash or accrual basis? _____________________________________________________

3. Name of Business (if different from that of corporation): ________________________________________

4. Corporation books are kept by: ___________________________________________________________

5. Address at which books are kept: _________________________________________________________

6. Date business began in Oklahoma: _______________________________________________________

7. Did you make a return of information on Oklahoma Forms 500, 500-A or 500-B for the calendar year 2011?

yes

(Forms 500/500-A may be filed in lieu of the Federal Form 1099)

(Form 500-B is filed when there is a distribution to a nonresident shareholder)

8. Were you notified this year of a change in your Federal taxable income for prior year(s)?

yes

If you answered “yes” to #8, please list the year(s) here: _______________________________________

9. Did you file amended returns for the years stated above?

yes

Form 512-S - Oklahoma Small Business Corporation Income Tax Return - 2011 Page 4

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