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Form 200 - Page 6 (Continued from lower left column)
First Step... Lines 1 through 11 (except 9) are derived from your balance sheet.
Complete Balance Sheet and Schedules B, C & D Put the date of the balance sheet in box J.
(Must be returned with annual return) Line 9 (Percent of Oklahoma Assets)
Line 1 (through 3) Cash, notes, accounts receivable, and inventories Select which option you will use to determine the apportion-
are to be reported at book value. ment of Oklahoma assets.
Line 4 United States, municipal, commercial and other bonds owned Option 1: Percent of Oklahoma assets and business
by the corporation. done to total assets and business done. (line
Line 5 Prepaid expenses and deferred charges are to be included as 6 divided by line 8). Round to six decimal
assets at book value. points.
Line 8 Stock or other evidence of ownership in subsidiary organiza- Option 2: Percent of Oklahoma assets to total net
tions as shown on the corporations books of account. assets (line 1 divided by line 2). Round to
Lines 9b, 10b, 11b. If accumulated depreciation and depletion appear six decimal points.
to be excessive, the excess may be disallowed. Line 12 (Tax)
Line 13 Patents, trademarks, copyrights, etc., and franchises are to Compute tax at $1.25 per $1,000.00 of capital. (Either line 4
be included as assets to the extent of their cost. In the case of or line 11) If tax is more than $20,000.00 enter $20,000.00
a definite term franchise, the cost thereof may be amortized on line 12. If your return is due July 1, 2014 or later, you are
over its life. Goodwill is an asset and should be shown at book exempt from paying tax if your tax liability is $250.00 or less,
value. All intangibles including cash, are to be apportioned however, a return must still be filed.
wholly to Oklahoma unless a commercial or business location Line 13 (Registered Agent Fee)
for the intangibles has been established elsewhere. If the corporation originated in a state other than Oklahoma,
Line 14 Life insurance, where the reporting taxpayer is beneficiary, is the Oklahoma Secretary of State charges an annual regis-
to be shown at cash surrender value. tered agent fee of $100.00 and is collected on the franchise
Line 15 Total net amount of lines 6 through 14. tax return. Non-profit corporations originating in another state
Line 18 Total lines 15,16, and 17. will be sent Form 200-N “Foreign Not-For-Profit Corporation
Line 20 Reserves for taxes are allowed to the extent such taxes are Annual Franchise Tax Return”.
unpaid. Deferred credits are included in capital employed un- Line 14 (Interest)
less they can be shown to be actual liabilities. If this return is postmarked after the due date the tax is sub-
Line 21 Current liability includes indebtedness payable in three (3) ject to 1.25% interest per month from the due date until it is
years or less after issuance. paid. Multiply the amount in Line 12 by .0125 for each month
Line 26 Stockholder loans must be repaid within three years of cre- the report is late.
ation to be considered a current liability. Contingent assets or Line 15 (Penalty)
liabilities should not be included unless fully explained and the Tax not paid by the original due date is subject to a penalty of
condition under which they become actual is clearly set forth. 10%. Multiply the amount in Line 12 by .10 to determine the
Line 32 Total lines 23 through 31. The amounts as shown by the penalty.
books of account shall be the measure of value of the assets Line 16 (Reinstatement Fee)
and liabilities, except when the items on the books of account If your corporate charter has been suspended, you must meet
are in error or lack sufficient detail to truly reflect the amount all outstanding filing and payment obligations in order to be
reinstated. Effective July 1, 2017, a $150.00 reinstatement fee
of capital invested and employed in the business. is also required. Only one reinstatement fee is required even if
Second Step... multiple past due returns are being filed.
Complete the Oklahoma Annual Franchise Tax Return Line 17 (Previous Estimated Franchise Payment)
Item A Place the taxpayer FEIN in Block A. • Enter any estimated franchise tax paid with Form 200
Item B Enter the Account number issued by the Oklahoma Tax • If filing an amended return, enter any franchise tax paid
Commission beginning with FRX followed by ten digits. If no with the original return and amounts paid after it was filed.
number has been issued, leave blank. Line 18 (Total Due)
Item C • Place the beginning and ending reporting period (MM/DD/ Add the amounts from lines 12 through 16, subtract any entry
YY) for the Franchise Tax license year for which you are re- on line 17, and enter total on line 18. Amount on line 18 can-
porting in Block C. Example: For returns due July 1, 2016 the not be less than zero.
reporting period beginning would be 07/01/16. The reporting Third Step...
period ending would be 06/30/17. Schedule A Officer Information
• The reporting period for corporations which have filed Form Enter the effective date of officers. Refer to the example on Schedule A.
200-F, and elected a different filing date, will be the next fiscal Failure to provide this information could result in the corporation being
year. Example: A corporation has a year end of 05/31/16 with suspended.
a return due August 15, 2016. The reporting period begin- Fourth Step...
ning will be 06/01/16 and the reporting period ending will be Mail this return to the address below. Include your return, payment
05/31/17. made payable to Oklahoma Tax Commission, balance sheet, and
Item D Place the due date (MM/DD/YY) in Block D. schedules A, B, C, and D.
Item E Place an “X” in the box if you are incorporated in the State of
Oklahoma. Please Mail To:
Item F Place an “X” in the box if you are incorporated in a state other Oklahoma Tax Commission
than Oklahoma. PO Box 26850
Item G Place an “X” in the box if you are filing an amended return. Oklahoma City, OK 73126-0850
Item H Place an “X” in the box if you have not completed a year end Phone Number for Assistance – 405.521.3160
balance sheet and are therefore filing an estimated return.
You must file an estimated return and remit tax due. Mandatory inclusion of Social Security and/or Federal Employer’s
Item I Place an “X” in the box if your mailing address has changed. Identification numbers is required on forms filed with the Oklahoma
Write your new address in the space provided. Tax Commission (OTC) pursuant to 68 of the Oklahoma Statutes and
Item J Enter your balance sheet date (MM/DD/YY) of your most regulations thereunder, for identification purposes, and are deemed to
recent income tax accounting year. Do NOT leave blank. If the be part of the confidential files and records of the OTC.
corporation has not completed its first taxable year enter June The OTC is not required to give actual notice to taxpayers of changes in
30 of the current year as the balance sheet date. state laws.
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