Oklahoma Corporation Income Tax Forms And Instructions Booklet - 2014 Page 19
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20State of Oklahoma
Computation of Oklahoma Consolidated
2
512-TI
0
Taxable Income
1
(Form 512, Line 1)
4
Federal Employer Identification Number
Corporate Name
Enter the information for each corporation included in the consolidated return on a separate line. The “Oklahoma Income”
of each corporation will be totaled and entered on line 13. If there are more than 11 corporations, use Form 512-TI-SUP to
enter the additional corporations. Use as many Forms 512-TI-SUP as needed.
A)
B)
C)
D)
E)
F)
Apportionment Percentages
Net
Federal Taxable
Oklahoma
Apportionable
(from Apportionment Formula,
Business
Income
Income
Lines 1C, 2C and 3C)
Income
Activity
(from Sch. A Column A,
(Before an NOL deduction
1C)
Property
2C)
Payroll
3C)
Sales
FEIN
Code
(from Sch. B Line 4)
Line 28)
and tax accrual)
Factor
Factor
Factor
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12. Enter the total from Supplemental Schedule(s), Form 512-TI-SUP
13. Total
Loss Year(s)
14. Oklahoma Net Operating Loss Deduction
(
)
A. Carryback from Tax Year(s) ..............A)
...........A)
(
)
B. Carryforward from Tax Year(s) ..........B)
...........B)
15. Oklahoma Taxable Income (Loss) before Oklahoma Accrued Income Tax Deduction ..............
16. Total Allowable Oklahoma Non-Refundable Credits
(This amount will equal the total from Form 512, Page 1, Line 3) ..............................................................
17. Computation of Accrued Income Tax Deduction Allowed
A. Oklahoma Income from Line 15 above .....................................
B. Divide Line 16 (above) by 6% ...................................................
C. Subtract Line B from Line A ......................................................
D. Accrued Oklahoma Income Tax – Divide Line C by 17.6667
(Do not enter less than zero) .................................................................
18. Oklahoma Consolidated Taxable Income – Subtract Line 17D from Line 15
(Enter here and on the Form 512, Page 1, Line 1)....................................................................................
NOTE: If the return is filed by paper, Form 512-TI must be the second page of the consolidated return. Place Form 512-TI
and, if applicable, Form(s) 512-TI-SUP immediately after Form 512, page 1.
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