Fillable Form Ow-8-Esc - Oklahoma Corporate Estimated Tax (Page 4 of 4) in pdf

Oklahoma Corporate Estimated Tax Declaration

General Instructions

Who Must Make a Declaration:

How to Compute Estimated Tax:

A corporation or trust with an estimated tax liability of

Trust tax rates are found in the Packet 513 or 513NR

$500 or more for the year is required to file a declaration

instructions. Corporate income tax is six percent of taxable

and pay equal* quarterly estimated tax. Estates are not

income.

required to file an estimated tax declaration.

How to Complete the Tax

* For purposes of determining the amount of tax due on

Declaration Voucher:

any of the respective dates, taxpayers may compute the

tax by placing taxable income on an annualized basis.

Enter the Federal identification number in this space.

See Oklahoma Tax Commission Rule 710:50-13-9.

If you have a change of name or address, write

When to File and Pay:

an “X” in this box and complete the “Change of

A declaration of estimated tax should be filed and the first

Address” portion of the voucher.

installment paid by April 15th for calendar year taxpayers.

Fiscal year taxpayers should file and pay the first install-

Write the due date of the estimated tax payment here

ment by the fifteenth day of the fourth month following

(month, day, year).

the beginning of their taxable year. Other installments for

Enter the amount of estimated tax being paid with the

calendar year taxpayers should be paid by the due dates

estimated tax voucher.

shown on the back of the vouchers. Other installments

for fiscal year taxpayers should be paid by the 15th day

Do not send voucher if no payment is required.

of the sixth month, the 15th day of the ninth month, and

the 15th day of the first month following the end of their

Additional Information:

taxable year.

Write your Federal identification number on your check

and mail it with your completed voucher.

Interest on Underpayment:

In general, underpayment of estimated tax interest is

Make checks payable to: Oklahoma Tax Commission

due if the tax liability is $500 or more and timely paid

quarterly estimated tax payments are not at least 70%

Do NOT send cash.

of the current year tax liability or 100% of the prior year

Mail the voucher, along with payment, to the address

tax liability. The tax liability is the tax due less all cred-

below. Do not enclose any other tax reports or corre-

its except amounts paid on withholding, estimated tax

and extension payments. The amount of underpayment

spondence in this envelope.

of estimated tax interest is computed at a rate of 20%

Oklahoma Tax Commission

per annum for the period of underpayment. Note: No

Post Office Box 269027

underpayment of estimated tax interest shall be imposed

Oklahoma City, OK 73126-9027

if the tax shown on the return is less than $1,000. For

additional information see 68 O.S. Sec. 2385.7-2385.13

See the vouchers for electronic payment options.

or call the Tax Commission’s Corporate Audit Section at

(405) 521-3126.

Voucher 4

Electronic Payment Options:

Electronic payments are accepted for estimated income tax pay-

ments at There is a convenience fee charged for

Due Date:

(Calendar Year) January 15, 2014

utilizing some of the electronic payment services.

(Fiscal Year) Fifteenth day of the first month

Note: If you make your estimated tax payment electronically, do not

of the succeeding taxable year.

mail this payment voucher. Please retain the confirmation number

for your records.

Change of Address:

FEIN

Name

Address

City

State

Zip

Form Ow-8-Esc - Oklahoma Corporate Estimated Tax Page 4

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