Form 511nr - Oklahoma Nonresident/ Part-Year Income Tax Return - 2011 Page 15

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Select Line Instructions
45
Payments With Extension
Underpayment of Estimated Tax Interest (continued)
If you filed Oklahoma extension Form 504 for 2011, enter
The income tax liability is the Oklahoma income tax due
any amount you paid with that form.
less all credits except amounts paid on withholding, esti-
mated tax and extension payments.
46
Earned Income Credit
Note: No underpayment of estimated tax interest shall
Residents and part-year residents are allowed an
be imposed if the income tax liability shown on the
Earned Income Credit. Enter the total from Schedule
return is less than $1,000. If you do not meet one of the
511NR-E, line 4. See instructions on page 24.
above exceptions, you may complete Form OW-8-P or
Note: Nonresidents do not qualify for this credit.
the OTC will figure the interest and send you a bill.
49
Amount Credited to 2012 Estimated Tax
56
Delinquent Penalty and Interest
Refunds applied to the following year’s Oklahoma Esti-
After the original due date of the return, compute 5%
mated Income Tax (at the taxpayer’s request) may not
penalty on the income tax due (line 53 minus lines 40
be adjusted after the original due date of the return.
and 41). Compute interest on the income tax due at
1 1/4% per month from the original due date of the re-
50
Donations
turn. An extension does not extend the date for payment
Schedule 511NR-F provides you with the opportunity
of tax.
to make a financial gift from your refund to a variety of
Oklahoma organizations. Please note that this reduces
Note: If you have a valid extension of time to file your
your refund if you choose to donate. The donation will be
tax return, delinquent penalty is not due if 90% of your
forwarded to the appropriate agency.
income tax was paid by the original due date of the
return. Delinquent interest is due on any income tax not
Descriptive information for Schedule 511NR-F is on page
paid by the original due date of the return.
6 of the Form 511NR.
Title 68, Oklahoma Statutes, provides that any term
Place the line number of the organization from Schedule
used in this Act shall have the same meaning as
511NR-F in the box on line 50. If giving to more than one
when used in a comparable context in the Internal
organization, put a “99” in the box on line 50.
Revenue Code, except when specifically provided
52
Amount to be Refunded
for in the Oklahoma Statutes or rules.
If you do not choose direct deposit, you will be issued a
When You Are Finished...
debit card. See “All About Refunds” on page 6 for more
information.
• Please enclose a check or money order payable to
54
Eastern Red Cedar Revolving Fund
“Oklahoma Tax Commission” for any balance due. Elec-
A donation to this fund may be made on a tax due return.
tronic payment options are available on our website at
Should you choose to pay by check or
For information regarding this fund, please see Schedule
511NR-F: Information.
money order, please write your SSN and tax year on the
payment to ensure proper credit.
55
Underpayment of Estimated Tax Interest
• Enclose copy of Federal return and W-2s, 1099s or
You were required to make estimated tax payments if
other withholding statements to substantiate income tax
your income tax liability exceeds your withholding by
withholdings.
$500 or more. To avoid the 20% Underpayment of Esti-
mated Tax Interest, timely filed estimated tax payments
• If you do not have a return envelope, please mail the
and withholding are required to be the smaller of:
originals, along with any payment due, to the address
below:
• 70% of the current year tax liability,
Oklahoma Tax Commission
or
P.O. Box 26800
• 100% of your prior year tax liability.
Oklahoma City, OK 73126-0800
Oklahoma’s Newest Way to Receive Your Refund...
The Oklahoma Tax Refund Debit Card
TM
Way2Go Card
Safe, Convenient and Secure
Oklahoma Tax Refund
More information on page 24 of this packet
5115 5801 2345 6789
01/15
Or visit
OKLAHOMA CARDHOLDER
15

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