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Oklahoma Free Printable  for 2020 Oklahoma Information Return - Report of Nonresident Member Income Tax Withheld

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Information Return - Report of Nonresident Member Income Tax Withheld
Form 500B

State of Oklahoma Report of Nonresident Member Income Tax Withheld Tax Year End Date of Partnership, S Corporation, LLC or Trust _________________ Part A: Pass-Through Entity Information Name of Pass-Through Entity: Revised 2019 Part B: Nonresident Member Information Name: Type of Ownership: Partnership S Corporation 500-B FORM Information Return LLC Type of Taxpayer: Individual Trust Other (specify) ___________________________________________________ LLC Corporation Trust Other (specify ____________________________________________________ Federal Identification Number: Social Security Number or Federal Identification Number of Member: Street Address: Street Address: City State ZIP City State ZIP Part C: Distribution and Withholding Oklahoma Income Tax Withheld: Total Amounts Distributed from Oklahoma Sources: The nonresident member must enclose Form 500-B with their Oklahoma income tax return to substantiate the withholding. State of Oklahoma Report of Nonresident Member Income Tax Withheld Tax Year End Date of Partnership, S Corporation, LLC or Trust _________________ Part A: Pass-Through Entity Information Name of Pass-Through Entity: Revised 2019 Part B: Nonresident Member Information Name: Type of Ownership: Partnership S Corporation 500-B FORM Information Return LLC Type of Taxpayer: Individual Trust Other (specify) ___________________________________________________ LLC Corporation Trust Other (specify ____________________________________________________ Federal Identification Number: Social Security Number or Federal Identification Number of Member: Street Address: Street Address: City State ZIP City State ZIP Part C: Distribution and Withholding Total Amounts Distributed from Oklahoma Sources: Oklahoma Income Tax Withheld: The nonresident member must enclose Form 500-B with their Oklahoma income tax return to substantiate the withholding. Oklahoma requires registration for income tax withholding from taxable distributions made to nonresident members (partners, members, shareholders or beneficiaries) of pass-through entities (Partnerships, S Corporations, Limited Liability Companies or Trusts). 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. A Form 500-B must be completed for each nonresident member to whom the pass-through entity has made an Oklahoma taxable distribution and paid withholding to Oklahoma. Form 500-B should not report withholding paid by sources other than the pass-through entity. Complete all lines of Parts A, B and C; indicating the total amount of Oklahoma taxable income distributed, and the amount of tax withheld for each nonresident member for the tax year. NOTE: If, on Form WTP10003, the Estimated Withholding Tax paid was greater than the required Tax Withheld, enter the amount of Estimated Withholding Tax actually paid in Part C. Prepare four copies of the Form 500-B. Distribute the four copies as follows: 1. To your nonresident member to enclose with their Oklahoma income tax return. 2. To your nonresident member for their records. 3. To the Oklahoma Tax Commission. Enclose all 500-B forms with Form 501 as the summary. 4. To be retained by the pass-through entity for its records. Every pass-through entity, required to withhold income tax from the Oklahoma share of taxable income distributed to nonresident members, shall furnish Form 501 together with Forms 500-B to the Oklahoma Tax Commission by the due date, including extensions, of the pass-through entity’s income tax return. Each person to whom such payment was made shall also be furnished Form 500-B by such date. 68 OS Sec. 2385.30. NOTE: An electing pass-through entity (PTE) is not required to withhold income tax from distributions made to nonresident partners, members or shareholders because the PTE elected to pay the pass-through entity tax on the Oklahoma portion of the distributions at the entity level. 68 OS Sec. 2355.1P-1 through 2355.1P-4. Oklahoma requires registration for income tax withholding from taxable distributions made to nonresident members (partners, members, shareholders or beneficiaries) of pass-through entities (Partnerships, S Corporations, Limited Liability Companies or Trusts). 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. A Form 500-B must be completed for each nonresident member to whom the pass-through entity has made an Oklahoma taxable distribution and paid withholding to Oklahoma. Form 500-B should not report withholding paid by sources other than the pass-through entity. Complete all lines of Parts A, B and C; indicating the total amount of Oklahoma taxable income distributed, and the amount of tax withheld for each nonresident member for the tax year. NOTE: If, on Form WTP10003, the Estimated Withholding Tax paid was greater than the required Tax Withheld, enter the amount of Estimated Withholding Tax actually paid in Part C. Prepare four copies of the Form 500-B. Distribute the four copies as follows: 1. To your nonresident member to enclose with their Oklahoma income tax return. 2. To your nonresident member for their records. 3. To the Oklahoma Tax Commission. Enclose all 500-B forms with Form 501 as the summary. 4. To be retained by the pass-through entity for its records. Every pass-through entity, required to withhold income tax from the Oklahoma share of taxable income distributed to nonresident members, shall furnish Form 501 together with Forms 500-B to the Oklahoma Tax Commission by the due date, including extensions, of the pass-through entity’s income tax return. Each person to whom such payment was made shall also be furnished Form 500-B by such date. 68 OS Sec. 2385.30. NOTE: An electing pass-through entity (PTE) is not required to withhold income tax from distributions made to nonresident partners, members or shareholders because the PTE elected to pay the pass-through entity tax on the Oklahoma portion of the distributions at the entity level. 68 OS Sec. 2355.1P-1 through 2355.1P-4.
Extracted from PDF file 2019-oklahoma-form-500b.pdf, last modified December 2007

More about the Oklahoma Form 500B Corporate Income Tax Nonresident TY 2019

We last updated the Information Return - Report of Nonresident Member Income Tax Withheld in February 2020, so this is the latest version of Form 500B, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 500B directly from TaxFormFinder. You can print other Oklahoma tax forms here.

Other Oklahoma Corporate Income Tax Forms:

TaxFormFinder has an additional 54 Oklahoma income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 564 Credit for Employees in the Aerospace Sector (you will also need Form 511CR)
Form 512 Corporate Income Tax Return (form and schedules)
514-Pckt Partnership Information Return Packet (form and instructions)
Form OW-8-ESC Estimated Tax Declaration for Corporations
512-Pckt Corporate Income Tax Return Packet (form and instructions)

Download all OK tax forms View all 55 Oklahoma Income Tax Forms


Form Sources:

Oklahoma usually releases forms for the current tax year between January and April. We last updated Oklahoma Form 500B from the Tax Commission in February 2020.

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Form 500B is an Oklahoma Corporate Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Oklahoma Form 500B

We have a total of seven past-year versions of Form 500B in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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