Form 513nr - Oklahoma Nonresident Fiduciary Return Of Income - 2011 Page 8
Download a blank fillable Form 513nr - Oklahoma Nonresident Fiduciary Return Of Income - 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 513nr - Oklahoma Nonresident Fiduciary Return Of Income - 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
20Line by Line Instructions
Line 39 - Underpayment of Estimated Tax Interest:
Credit Card Payments Accepted
If the trust’s tax liability is $500 or more, estimated tax pay-
ments are required. To avoid the 20% Underpayment of
Estimated Tax Interest, timely filed estimated tax payments
You can pay the balance due on any income tax
are required to be equal to the smaller of 70% of the cur-
return by credit card. Payments can be made for
rent year tax liability or 100% of the prior year tax. The tax
the current tax year and all years prior. Estimated
liability is the tax due less all credits except amounts paid
income tax payments may also be made by
on estimated tax and extension payments. Enclose Form
credit card.
OW-8-P.
Note: No Underpayment of Estimated Tax Interest shall be
Log on to our website at
imposed if the tax liability shown on the return is less than
Click on the “Payment Options” link and pay
$1,000.
your balance due online.
Line 40 - Delinquent Penalty and Interest: Interest at the
rate of 1.25% per month shall be paid on the tax due from
the original due date until paid. 90% of the tax liability must
s
r
r
TM
be paid by the original due date of the return to avoid a
delinquent penalty charge of 5% for late payment.
A convenience fee will be added to debit card trans-
Pages Three and Four, Part Two
actions. For more information regarding this service,
please visit our website at or call our
Complete an Oklahoma Schedule K-1 for each resident
Taxpayer Assistance Office at (405) 521-3160.
beneficiary and for those nonresident beneficiaries for
whom the tax is not being paid at the trust level.
Website Offers Payment
Beneficiaries’ Share of Income and Deductions:
If the trust or estate has more than two beneficiaries,
Options and Tax Assistance
enclose with the return additional schedules that follow the
same format as Part 2. You may photocopy Part 2 for the
Paper checks are not your only option when
additional beneficiaries and enclose it with the rest of the
paying your balance due. You may pay
return. Provide a copy of the Oklahoma Schedule K-1 to
electronically through our website. Log on to www.
the beneficiary.
tax.ok.gov and visit the “Payment Options” link to
view all your payment options.
Provide the name, address, and social security number of
the beneficiaries. The Federal column should include the
Oklahoma tax assistance, forms, FAQs and
exact figures as shown on the Federal Schedule K-1.
much more are all available on the Oklahoma Tax
Commission website 24/7.
For beneficiaries who are residents of Oklahoma, the
Note: There is a convenience charge for some payment types.
Oklahoma column should include all income distributed
except for that which is from out-of-state real property, or
When You Are Finished...
out-of-state business income.
• In the event that you owe taxes, please enclose a check
State and municipal interest should be shown in the Okla-
or money order payable to “Oklahoma Tax Commission”.
homa column only and U.S. interest should be shown in
The identification number and the tax year should be on
the Federal column only.
your check or money order for your payment to be properly
For beneficiaries who are not residents of Oklahoma, the
credited.
Oklahoma column should include only that income from
• Do not enclose any other tax reports or correspondence
real and tangible property located in Oklahoma and busi-
in the envelope.
ness and farm income from Oklahoma.
• Electronic payments are accepted through the OTC
Enter any withholding being transferred to your beneficiary.
website. Visit for more information.
See line 33 instructions for more information.
• Mail your return and payment to:
Title 68, Oklahoma Statutes, provides that any term used
Oklahoma Tax Commission
in this Act shall have the same meaning as when used in
Income Tax
a comparable context in the IRC, except when specifically
P.O. Box 26800
provided for in the Oklahoma Statutes or rules.
Oklahoma City, OK 73126-0800
8
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial