Get Oktap Tax Ok Gov

U.S. State Nonresident Withholding Tax is a mandatory prepayment of tax of individuals or entities that are not resident in the state. A common example of this is the taxation of oil and natural gas royalty interest revenue.

An Oklahoma resident is a person domiciled in this state for the entire tax year. “Domicile” is the place established as a person's true, fixed, and permanent home. It is the place you intend to return whenever you are away (as on vacation abroad, business assignment, educational leave or military assignment).

An individual's withholding allowance amount is the Oklahoma individual income tax personal exemption amount of $1,000 divided by the number of payroll periods in the calendar year.

You might then ask are gambling winnings considered “Oklahoma source gross income”? The answer is yes, income received from all sources of “wagering games of chance or any other winnings from sources withing Oklahoma” are taxable. So What can you do to limit your tax hit?

Non-residents are also required to file a state income tax return when they receive gross income of at least $1,000 of Oklahoma source income.

Payment should be sent with the correct payment coupon every month to en- sure accurate posting to the withholding account. Monthly payments and quarterly returns can be easily filed electronically before or on the due date by using OkTAP located at oktap.tax.ok.gov.

Non-residents are also required to file a state income tax return when they receive gross income of at least $1,000 of Oklahoma source income.

The withholding rate is 5% of the Oklahoma share of the taxable income distributed to the nonresident member. A pass-through entity is not required to withhold tax for a nonresident member if the nonresident member files a withholding exemption affidavit, OTC Form OW-15.