Form 512e - Oklahoma Return Of Organization Exempt From Income Tax - 2014 Page 2
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32014 Form 512E - Page 2
Return of Organization Exempt from Income Tax
General Instructions
•
Every organization shall make a return for each year. 68 Oklahoma Statutes (OS) Section 2368.
•
Parts 1 and 3 must be completed by all organizations. If you were required to file an annual information return with the Internal
Revenue Service, enclose a copy of the information return including any supporting schedules (e.g. Form 990, 990-EZ, 990-PF).
•
Part 2 is to be completed by organizations who have unrelated trade or business income. If you were required to file an income tax
return with the Internal Revenue Service, enclose a copy of the tax return including any supporting schedules (e.g. Form 990-T).
•
The filing date shall be the same as required by the Internal Revenue Code.
•
Exempt Organizations are subject to tax on unrelated business income. 68 OS Sec. 2359.
•
Investment income of Exempt Organizations subject to Federal Excise tax is not subject to Oklahoma Income Tax; however, any
income subject to income tax under the Internal Revenue Code is subject to Oklahoma Income Tax.
•
Complete the Oklahoma Statement of Unrelated Business Income and attach a schedule of any other taxable income.
•
Total Unrelated Trade or Business Deductions includes the “specific deduction” allowed on the Federal return.
•
If you do not have a Federal Employer Identification Number, you may obtain one by visiting the IRS website at or by
calling the Internal Revenue Service at (800) 829-4933.
NOTE: If exempt organization is a trust, the following rates apply.
If taxable income is:
At least
But less than
-0-
1,000
Pay .......... 1/2 of 1% of Taxable Income
-
1,000
2,500
Pay ..........
over ........... 1,000
-
5.00
+
1%
2,500
-
3,750
Pay .......... 20.00
over ........... 2,500
+
2%
3,750
4,900
Pay .......... 45.00
over ........... 3,750
-
+
3%
4,900
7,200
Pay .......... 79.50
+
4%
over ........... 4,900
-
7,200
-
8,700
Pay .......... 171.50
over ........... 7,200
+
5%
8,700
-
over
Pay .......... 246.50
over ........... 8,700
+
5.25%
The Oklahoma Tax Commission is not required to give actual notice to taxpayers of changes in any state tax law.
Mail to:
Oklahoma Tax Commission
P.O. Box 26800
Oklahoma City, Oklahoma 73126-0800
Donations from Refund
1 - Support of Programs for Volunteers to Act as Court Appointed Special Advocates for Abused or Neglected Children
You may donate from your tax refund to support programs for volunteers to act as Court Appointed Special Advocates for abused
or neglected children. Donations will be placed in the Income Tax Checkoff Revolving Fund for Court Appointed Special Advocates.
Monies will be expended by the Office of the Attorney General for the purpose of providing grants to the Oklahoma CASA Association.
2 - Support of the Oklahoma National Guard
You have the opportunity to donate from your tax refund for the benefit of providing financial relief to qualified members of the
Oklahoma National Guard and their families. Donations will be placed in the Income Tax Checkoff Revolving Fund for the Support of
the Oklahoma National Guard Relief Program. Monies, to assist Oklahoma National Guard members and their families with approved
hardship expenses, will be expended by the Military Department.
3 - Support of Programs for Regional Food Banks of Oklahoma
You may donate from your tax refund for the benefit of the Regional Food Bank of Oklahoma and the Community Food Bank of Eastern
Oklahoma (Oklahoma Food Banks). The Oklahoma Food Banks are the largest hunger-relief organizations in the state - distributing
food to charitable and faith-based feeding programs throughout all 77 counties in Oklahoma. Your donation will be used to help provide
food to the more than 500,000 Oklahomans at risk of hunger on a daily basis.
4 - Support Oklahoma Honor Flights
You have the opportunity to donate any amount of your tax refund to support Oklahoma Honor Flights. Oklahoma Honor Flights is
a 501(c)(3) not-for-profit organization that transports Oklahoma World War II veterans to Washington, D.C. to visit the memorial
dedicated to honor their service and sacrifice.
5 - Support of Domestic Violence and Sexual Assault Services
You may donate from your tax refund for the benefit of domestic violence and sexual assault services in Oklahoma that have been
certified by the Attorney General. Your donation will be used to provide grants to domestic violence and sexual assault service providers
for the purpose of providing domestic violence and sexual assault services in Oklahoma. The term “services” includes but is not limited
to programs, shelters or a combination thereof.
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