Form 511nr - Oklahoma Nonresident/ Part-Year Income Tax Return - 2011 Page 5
Download a blank fillable Form 511nr - Oklahoma Nonresident/ Part-Year Income Tax Return - 2011 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 511nr - Oklahoma Nonresident/ Part-Year Income Tax Return - 2011 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43Not Required to File
Due Date
(continued)
Generally, your Oklahoma income tax return is due April
3. Complete lines 40 through 57 that are applicable to
15th. However:
you. Sign and mail in Form 511NR, pages 1 and 2 only.
Do not mail in pages 3 and 4. Include page 5 only if you
•
If you file electronically (through a preparer or
have an entry on line 50 “Donations from your refund”.
the internet), your due date is extended to April 20th.
Be sure to include your W-2s, 1099s or other withholding
Any payment of taxes due on April 20th must be remitted
statements to substantiate any Oklahoma withholding.
electronically in order to be considered timely paid. If the
If you filed a Federal income tax return, please enclose
balance due on an electronically filed return is not remit-
a copy.
ted electronically, penalty and interest will accrue from
the original due date.
What Is an Extension?
•
If the Internal Revenue Code of the IRS provides
A valid extension of time in which to file your Federal re-
for a later due date, your return may be filed by the later
turn automatically extends the due date of your Oklaho-
due date and will be considered timely filed. You should
ma return if no Oklahoma liability is owed. A copy of the
write the appropriate “disaster designation” as deter-
Federal extension must be enclosed with your Oklahoma
mined by the IRS at the top of the return, if applicable. If
return. If your Federal return is not extended or an Okla-
a bill is received for delinquent penalty and interest, you
homa liability is owed, an extension of time to file your
should contact the OTC at the number on the bill.
Oklahoma return can be granted on Form 504.
•
If the due date falls on a weekend or legal holi-
90% of the tax liability must be paid by the original
day when the OTC offices are closed, your return is due
due date of the return to avoid penalty charges for
the next business day. Your return must be postmarked
late payment. Interest will be charged from the origi-
by the due date to be considered timely filed.
nal due date of the return.
Net Operating Loss
Not Required to File
The loss year return must be filed to establish the
No Oklahoma Filing Requirement...
Oklahoma Net Operating Loss.
Nonresident and part-year residents who do not have
Please use the 511NR-NOL schedules.
an Oklahoma filing requirement, as shown in the sec-
When there is a Federal net operating loss (NOL), an
tion “Who Must File?”, but had Oklahoma tax withheld or
Oklahoma NOL must be computed as if all the income
made estimated tax payments should complete the Form
were earned in Oklahoma. The figures from the “Federal
511NR.
Amount Column” are used for this computation. The loss
is carried as an Oklahoma NOL and deductible in the
Complete the Form 511NR as follows:
“Federal Amount Column”.
1. Fill out the top portion of the Form 511NR according
to the “Top of Form Instructions” on pages 7 and 8. Be
The true Oklahoma NOL is computed using the figures
sure and check the box “Not Required to File”.
from the “Oklahoma Amount Column” and shall be al-
lowed without regard to the existence of a Federal NOL.
2. If you are a nonresident or part-year resident who is
The loss is carried as an Oklahoma NOL and deductible
not required to file because your gross Oklahoma source
in the “Oklahoma Amount Column”.
income is less than $1,000, then complete lines 1-19 of
For tax years 2001 – 2007 and tax years 2009 and
the Federal amount column as per your Federal income
subsequent, the years to which an NOL may be carried
tax return. However, in the Oklahoma amount column,
shall be determined solely by reference to Section 172
enter your gross income from Oklahoma sources and
of the Internal Revenue Code (IRC.) For tax year 2008,
not the net income as would be reflected in your Federal
the years to which an NOL may be carried back shall be
adjusted gross income.
limited to two years.
OR
An NOL resulting from a farming loss may be carried
back in accordance with and to the extent of IRC Section
If you are a part-year resident who is not required to file
172(b)(G). However, the amount of the NOL carryback
because your Federal gross income was not sufficient
shall not exceed the lesser of: $60,000, or the loss prop-
to meet the Federal filing requirement, complete line 19.
erly shown on the Federal Schedule F reduced by half
Enter the amount of your gross income subject to the
of the income from all other sources other than reflected
Federal filing requirement; in most cases this will be the
on Schedule F. You can choose to treat the NOL as if
same as your Federal Adjusted Gross Income. Write
it were not a farming loss. If you make this choice, the
“not required to file” in the Federal amount column. In
carryback period will be determined by reference to IRC
the Oklahoma amount column enter your income from
Section 172 and the amount of the NOL carryback will
Oklahoma sources.
not be limited.
(continued on page 6)
5
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial