Fillable Form Ow-8-Es - Oklahoma Individual Estimated Tax

Oklahoma Individual Estimated Tax Declaration

General Instructions

Please use a #2 pencil or a pen with black ink to complete your vouchers. If you type your voucher, please type “XXX” over

“000” in the colored box at the top of the voucher.

Who Must Make Estimated Payments:

How to Complete Your Tax Declaration Voucher:

You must make equal* quarterly estimated tax payments if

Please verify any preprinted information in items ‘A’ through

‘F’. If any preprinted information is incorrect please cross

you can reasonably expect your tax liability to exceed your

it out and enter the correct information above the item

withholding by $500 or more and you expect your withhold-

ing to be less than the smaller of:

crossed out. If any item is not preprinted please complete

1. 70% of your current year’s tax liability, or

as follows:

2. the tax liability shown on your return for the

preceding taxable year of 12 months.

If your estimated tax payment is for an individual or

joint return, write your Social Security Number in this

Estate and farmers are not required to make estimated tax

space.

payments. A farmer is an individual who derives at least

two-thirds of his/her gross income for the current year or

the previous year from farming activities.

If your estimated tax payment will be applied to a joint

individual return, enter your spouse’s Social Security

* If you receive income unevenly throughout the year (e.g.

Number in this space. (Corporation or Trust returns,

please use form OW-8-ESC)

you operate your business on a seasonal basis), you may

be able to lower or eliminate the amount on your required

estimated tax payment for one or more periods by using

If you have a change of name or address, write an “X”

the annualized income installment method. See Form OW-

in this box and complete the “Change of Address” por-

8-ES-SUP for details. You can obtain Form OW-8-ES-SUP

tion on the back of the voucher.

by downloading the form from our website at

Enter the amount of estimated tax being paid with the

ok.gov.

estimated tax declaration.

When To File and Pay:

A declaration of estimated tax should be filed and the first

installment paid by April 15th for calendar year taxpayers.

Do not send voucher if no payment is required.

Other installments for calendar year taxpayers should be

Please Note:

paid by the due dates shown on the vouchers.

If your tax return is prepared by someone other than your-

self, please give your preparer your preprinted vouchers

Interest for Underpayment:

In general, you will owe underpayment of estimated tax

and envelopes. Using your preprinted voucher will ensure

interest if your tax liability exceeds your withholding by

proper credit to your account.

$500 or more and your timely paid quarterly estimated tax

Do not enclose any other tax reports or correspon-

payments and withholding are not at least 70% of your

dence in this envelope.

current year tax liability or 100% of your prior year tax li-

ability. The tax liability is the tax due less all credits except

amounts paid on withholding, estimated tax and extension

Oklahoma Tax Commission

payments. The amount of underpayment of estimated tax

Post Office Box 269027

Oklahoma City, OK 73126-9027

interest is computed at a rate of 20% per annum for the

period of underpayment. Note: No underpayment of esti-

Write your Social Security Number on your check and mail

mated tax interest shall be imposed if the tax shown on the

return is less than $1000. For additional information see

it with your completed voucher.

68 O.S. Sec. 2385.7-2385.13 or call the Tax Commission’s

Taxpayer Assistance Division at (405) 521-3160.

Please use the pre-addressed envelopes. Do not send

cash.

How to Compute Estimated Tax:

Make checks payable to: Oklahoma Tax Commission

A worksheet is included on the front for use by individual

taxpayers in computing their estimated tax liability. To com-

pute the tax, refer to the tax table included with the Packet

See the back of vouchers for electronic payment options.

511 or Packet 511 NR instructions.

Voucher 4

Electronic Payment Options:

Electronic payments are accepted for estimated income tax pay-

* If your filing due dates are not based on a

ments. Visit our website at ok.gov and select “Payment

calendar year, cross out the date shown in Box F

Options” from the menu. Please note, there is a convenience fee

and write in your due date.

charged for utilizing some of the electronic payment services.

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

mail this payment voucher. Please retain the confirmation number

for your records.

Change of Address:

Taxpayer

SSN

Name

Address

City

Zip

State

Form Ow-8-Es - Oklahoma Individual Estimated Tax - 2011 Page 4

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