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Oklahoma Free Printable 2020 Form OW-8-P-SUP-C for 2021 Oklahoma Oklahoma Annualized Income Installment Methods forCorporations and Trusts

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Oklahoma Annualized Income Installment Methods forCorporations and Trusts
2020 Form OW-8-P-SUP-C

FORM Oklahoma Annualized Income Installment Method for Corporations and Trusts OW-8-P-SUP-C (Enclose this form and Form OW-8-P with your return) Name as shown on return 2 0 2 0 Federal Employer Identification Number General Information…. If you use this form for any payment due date, you must use it for all payment due dates. To figure the amount of each required installment, the schedule automatically selects the smaller of the annualized income installment or the regular installment (increased by the amount saved by using the annualized income installment method in figuring any earlier installments). You must complete Section Two, Part 1 of Form OW-8-P before you can complete this form. Use Schedule One for Corporations and Schedule Two for Trusts. Corporations…. The annualization method for Oklahoma estimated tax purposes is the same as that prescribed in the Internal Revenue Code (IRC) and in the Oklahoma Tax Commission Rule 710:50-13-9. The annualization provisions found in IRC Sections 6655(e)(2)(C) and 6655(e)(3) may not be used. Computing estimated taxes on an annualized basis shall only be permitted for a taxable year of twelve months. For additional information, use the Federal instructions for Form 2220 “Underpayment of Estimated Tax by Corporations”. Schedule One: Corporations Column C Column D First 6 months First 9 months Column A First 3 months Column B First 3 months 4 4 2 1.33333 17.5% 35% 52.5% 70% 1. Enter Oklahoma taxable income for each Annualization period............................................... 1 2. Annualization amounts............................................ 2 3. Annualized taxable income. Multiply line 1 by line 2............................................ 3 4. Oklahoma income tax. Multiply line 3 by 6%......... 4 5. Oklahoma credits (refundable & nonrefundable).... 5 6. Subtract line 5 from line 4. If zero or less enter “0”........ 6 7. Applicable percentage............................................ 7 8. Multiply line 6 by line 7............................................ 8 Caution: Complete lines 9-15 of one column before going to the next column. 9. Add amounts in all previous columns of line 15...... 9 0. Annualized income installments. Subtract line 9 1 from line 8. If zero or less enter “0”...................... 10 11. Enter 1/4 of line 8 from Section Two, Part 1 of Form OW-8-P in each column........................... 11 12. Enter the amount from line 14 of the previous column.................................................................. 12 13. Add lines 11 and 12.............................................. 13 14. Subtract line 10 from line 13. If zero or less enter “0”.......................................... 14 15. Required Installments. Enter the smaller of line 10 or line 13 here and in applicable column on Form OW-8-P Section Two, Part 2, line 9.................................... 15 2020 Form OW-8-P-SUP-C - Page 2 Oklahoma Annualized Income Installment Method for Corporations and Trusts Name as shown on return Federal Employer Identification Number Trusts…. The annualization method for Oklahoma estimated tax purposes is the same as that prescribed in the Internal Revenue Code. Therefore for additional information, use the Federal instructions for Form 2210 “Underpayment of Estimated Tax by Individuals, Estates, and Trusts” or Federal Publication 505 “Tax Withholding and Estimated Tax”. Schedule Two: Trusts Column A 1/1 - 2/28 Column B 1/1 - 4/30 Column C 1/1 - 7/31 Column D 1/1 - 11/30 6 3 1.71429 1.09091 17.5% 35% 52.5% 70% 1. Enter Oklahoma taxable income without your exemptions for each period..................................... 1 2. Annualization amounts............................................ 2 3. Annualized taxable income. Multiply line 1 by line 2............................................ 3 4. Enter exemption amount shown on your tax return.. 4 5. Subtract line 4 from line 3....................................... 5 6. Figure your Oklahoma income tax on the amount on line 5 using the individual income tax table........ 6 7. Oklahoma credits (refundable & nonrefundable).... 7 8. Subtract line 7 from line 6. If zero or less, enter “0”....... 8 9. Applicable percentage............................................ 9 10. Multiply line 8 by line 9.......................................... 10 Caution: Complete lines 11-17 of one column before going to the next column. 11. Add amounts in all previous columns of line 17.... 11 12. Annualized income installments. Subtract line 11 from line 10. If zero or less enter “0”.................... 12 13. Enter 1/4 of line 8 from Section Two, Part 1 of Form OW-8-P in each column........................... 13 14. Enter the amount from line 16 of the previous column.................................................................. 14 15. Add lines 13 and 14.............................................. 15 16. Subtract line 12 from line 15. If zero or less enter “0”.......................................... 16 17. Required Installments. Enter the smaller of line 12 or line 15 here and in applicable column on Form OW-8-P Section Two, Part 2, line 9.................................... 17
Extracted from PDF file 2020-oklahoma-form-ow-8-p-sup-c.pdf, last modified November 2005

More about the Oklahoma Form OW-8-P-SUP-C Corporate Income Tax TY 2020

We last updated the Oklahoma Annualized Income Installment Methods forCorporations and Trusts in March 2021, so this is the latest version of Form OW-8-P-SUP-C, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form OW-8-P-SUP-C directly from TaxFormFinder. You can print other Oklahoma tax forms here.

Related Oklahoma Corporate Income Tax Forms:

TaxFormFinder has an additional 54 Oklahoma income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Oklahoma Form OW-8-P-SUP-C.

Form Code Form Name
Form OW-8-ES Estimated Tax Declaration for Individuals
Form OW-8-P Worksheet for Underpayment of Estimated Tax
Form OW-8-ESC Estimated Tax Declaration for Corporations
Form OW-8-ES-SUP Annualized Estimated Tax Worksheet
Form OW-8-P-SUP-I Oklahoma Annualized Income Installment Method for Individuals

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 OW-8-P-SUP-C from the Tax Commission in March 2021.

Show Sources >

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 OW-8-P-SUP-C

We have a total of eight past-year versions of Form OW-8-P-SUP-C in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form OW-8-P-SUP-C

2020 Form OW-8-P-SUP-C

2019 Form OW-8-P-SUP-C

OW-8-P-SUP-C-2002

2018 Form OW-8-P-SUP-C

OW-8-P-SUP-C-2002

2017 Form OW-8-P-SUP-C

OW-8-P-SUP-C-2002

2016 Form OW-8-P-SUP-C

OW-8-P-SUP-C-2002

2015 Form OW-8-P-SUP-C

OW-8-P-SUP-C-2002

OW-8-P-SUP-C-2002 2014 Form OW-8-P-SUP-C

OW-8-P-SUP-C-2002

OW-8-P-SUP-C-2002 2012 Form OW-8-P-SUP-C

OW-8-P-SUP-C-2002


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