Form 512e - Oklahoma Return Of Organization Exempt From Income Tax - 2012 Page 2
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42012 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 www.
•
irs.gov 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
5.00
+
1%
over
1,000
.......
.......
2,500
3,750
Pay
20.00
+
2%
over
2,500
-
.......
.......
3,750
-
4,900
Pay
45.00
+
3%
over
3,750
.......
.......
4,900
-
7,200
Pay
79.50
+
4%
over
4,900
.......
.......
7,200
8,700
Pay
171.50
+
5%
over
7,200
-
.......
8,700
-
over
Pay
246.50
+
5.25%
over
8,700
.......
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 - Oklahoma Wildlife Diversity Program
The Oklahoma Wildlife Diversity Program is funded primarily by concerned Oklahomans. All donations provide for a variety of projects,
including research, wildlife observation activities, workshops, informational brochures and posters.
2 - Oklahoma Breast and Cervical Cancer Program
You may donate for the benefit of breast and cervical cancer early detection, public education and research. Your donation will be
placed in a fund to be used for the purpose of funding programs to increase knowledge of breast and cervical cancer risk and preven-
tion and to provide mammograms, pap tests and biopsies for low income women.
3 - 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 ne-
glected 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.
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