Form 513 - Oklahoma Resident Fiduciary Return Of Income - 2012 Page 2
Download a blank fillable Form 513 - Oklahoma Resident Fiduciary Return Of Income - 2012 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 513 - Oklahoma Resident Fiduciary Return Of Income - 2012 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
192012 Oklahoma Fiduciary Income Tax
What’s New in the 2012 Oklahoma Tax Packet?
• When computing Oklahoma depletion, the 50% net income limit applies to all taxpayers. See “Depletion” on page 3.
Note: Failure to complete Part 2 of your return may delay the processing of your return.
Helpful Hints
Common Abbreviations
Found in this Packet
• Be sure to sign and date the return.
• If you have any questions, please contact us. A list of
IRC - Internal Revenue Code
contact methods is shown on page 15 of this Packet.
OS - Oklahoma Statutes
• File your return on time to avoid costly penalty and
OTC - Oklahoma Tax Commission
interest. See the front cover of this Packet for deadline
Sec. - Section(s)
information.
General Filing Information
Only resident trusts and estates shall use Form 513. Non-
bankruptcy estate on the Form 511 by using the instructions
resident trusts and estates shall use Form 513NR.
and tax table for a married person filing separately. Enter the
taxable income on Form 513, line 22 and the computed tax on
Requirements for Filing...
line 23; remit payment of any tax due. Enclose a copy of the
Federal return for the bankruptcy with the Oklahoma return.
Every resident estate or trust shall make a return for each
taxable year stating the taxable income and the adjustments
Accounting Methods...
provided in this act to arrive at Oklahoma taxable income.
Every nonresident estate or trust having Oklahoma taxable
The taxable year and method of accounting under this act
income as provided in 68 Oklahoma Statutes (OS) Sec.
shall be the same as the taxable year and method of account-
2362 (Rents and Royalties, Business, Partnership and Sub-
ing for Federal income tax purposes.
Chapter S Corporation Income and Sales of Oklahoma Real
Property) shall make a return for each taxable year stating
Fiduciaries in whatever capacity acting, having control, re-
the taxable income and the adjustments provided in this act
ceipt, custody, disposal or payment of interest, rent, salaries,
to arrive at Oklahoma taxable income. See Form 513NR and
wages, premiums, annuities, compensation, remuneration,
instructions.
emoluments, or other fixed determinable annual or other pe-
riodical gains, profits, or income, amounting to $750 or over,
Due Date...
paid or payable during the year to any taxpayer, are required
to file Forms 500 and 501 with the OTC no later than February
When the last date for filing any document or performing any
28 following the close of the preceding calendar year.
act required by the Oklahoma Tax Commission (OTC) falls on
a day when the offices are not open for business, the filing of
“Resident Estate” means the estate of a decedent who at
the document or performance of the act shall be considered
death was domiciled in this state. “Nonresident Estate” is
timely if it is performed by the end of the next business day.
an estate other than a resident estate, and shall use Form
513NR.
About the Tax...
“Resident Trust” is a trust created by a resident decedent’s
The tax must be paid in full at the time of filing the return. In
case an extension for filing the return is requested, an esti-
will or by a resident during the administration or by a resident
when the trust became irrevocable. “Nonresident Trust” is a
mate of the tax due must be filed and the estimated tax paid
in full before an extension can be granted.
trust other than a resident trust (68 OS Sec. 2353-5 & 2353-6)
and shall use Form 513NR.
The Fiduciary shall be responsible for making the return, and
the return shall be signed by the fiduciary, or by one fiduciary
Note...
if there is more than one.
The domicile or residence of the fiduciary representative does
not establish the residence of the estate or trust.
Bankruptcy...
Important...
The Fiduciary must file Form 513, for the estate of an individ-
If you do not have a Federal Employer Identification
ual involved in bankruptcy proceedings, if a Federal income
Number, you may obtain one online at or by
tax return is required for the bankruptcy estate. Use Form
calling (800) 829-4933. If you would prefer to file a paper
513 as a transmittal for Form 511. Complete the tax for the
application, contact the IRS and request Form SS-4.
(continued on page 3)
2
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial