The Oklahoma Tax Commission Form STS20002 is a document used for filing Oklahoma Sales Tax Returns for periods before July 1, 2017. It is a crucial form for vendors responsible for collecting and remitting sales tax in Oklahoma, ensuring compliance with state tax laws. To streamline the process of fulfilling tax obligations, individuals are encouraged to accurately complete and timely submit this form.
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In navigating the complexities of tax obligations within Oklahoma, the Oklahoma Sales Tax Return, formally known as Form STS20002, plays a pivotal role for vendors operating before July 1, 2017. This document serves as a comprehensive means for reporting taxable and nontaxable sales, meticulously detailing various elements from gross receipts to specific exemptions. It is designed to ensure accurate reporting and timely remittance of sales taxes to the Oklahoma Tax Commission. Essential components of the form include taxpayer identification, reporting period specifics, and detailed instructions on computing both state and local sales taxes due. Amendments, business changes, and exemption categories are addressed to cater to diverse business operations and scenarios, underscoring the importance of this form in maintaining tax compliance. Moreover, the form meticulously guides the filer through calculating net taxable sales, applicable state and city/county taxes, and subsequent adjustments for discounts, penalties, or interests due to late filings. With dedicated sections for off-premise beer sales, agricultural sales, and other legal tax exemptions, the form ensures a thorough accounting of transactions subject to sales tax, embodying the legal and fiscal diligence required in Oklahoma's tax landscape.
Oklahoma Tax Commission
Form STS20002
Oklahoma Sales Tax Return
for Filing Returns Prior to July 1, 2017.
This form is used to file Oklahoma Sales Tax Returns
PRIOR TO July 1, 2017.
STS
20002
-Office Use Only-
Revised 12-2019
A.Taxpayer FEIN
SSN
B. Reporting Period
C. Due Date
D. Account Number
(check one, enter number below)
E. Amended Return
01
H. Page _______ of _______ Page(s)
_______________________________________________________________
Name
Address
City
State
ZIP
I. Off-Premise
00
Beer Sales: (See Instructions) _______________________. _____
J. Sales Tax Exemption Schedule
- - - - Whole Dollars Only - - - -
3a.
Sales to Those Holding Sales
Tax Permits or Direct Pay Permits
___________________________
3b.
Gasoline Sales with State
Gasoline Tax Paid
3c.
Motor Vehicle Sales on which
Excise Tax Has Been Paid
3d.
Agricultural Sales
3e.
Sales Subject to Federal Food
Stamp Exemption
3f.
Returned Merchandise
3g.
Other Legal Sales Tax Exemptions
(explain on page 2)
F. Out of Business
Date Out of Business: ___________________________
MM/DD/YY
G.Mailing Address Change
G.New Mailing Address
________________________________________________
- - - - - - - Dollars - - - - - - -
- Cents -
1.
Total Sales
________________________
. _______
2.
Removed from inventory and
consumed or used or purchases
for which direct payment is due . +
3.
Total Exemptions
(Total from Schedule J)
-
4.
Net taxable sales
=
5.
State Tax
6.City/County Tax (sum of line(s) P. of Column O from schedule below
and supplemental pages)
+ ________________________ . _______
7.Tax Due (Add lines 5 and 6) ........ = ________________________ . _______
8.Discount - Limit $2,500.
(Discount not allowed for direct pay)..- ________________________ . _______
9.
Interest
+
.
_______
10. Penalty
11.
Total Due (If no total due put ‘0’)=
City and County Tax Schedule
O. Amount of Tax Due
M. Net Sales Subject to Tax
N. Tax Rate
(Multiply Item M by Item N)
K. City/County Code
L. City/County Name
- - - Whole Dollars Only - - -
(%)
- - - Dollars - - -
Cents
12
13
14
15
16
17
18
P.TOTAL (if more space is needed, use supplement page[s])
Signature: ___________________________________________________________
Date: ______________________________
The information contained in this return and any attachments is true and correct to the best of my knowledge.
Form STS20002 Page 2
Oklahoma Sales Tax Return Instructions
General Instructions
Who Must File Form STS20002
Every vendor who is responsible for collecting/remitting payment of Oklahoma sales tax must file a Sales Tax Return. Returns must be filed for every period even though there is no amount subject to tax nor any tax due.
When To File Form STS20002
Returns must be postmarked on or before the 20th day of the month fol- lowing each reporting period.
Payment Information
Please send a separate check with each return submitted and put your Taxpayer Number (Item A) on your check.
Specific Instructions
ITEM A - Check the box next to the type of identification number being
used, and enter the taxpayer identification number.
ITEM B - Enter the month(s) and year for the sales being reported. (Begin with the month when you made your first sale)
ITEM C - Enter the date the return is due. ITEM D - Enter your Account Number.
ITEM E - Check Box E if this is an amended return.
ITEM F - If out of business and this will be your last sales tax return,
check Box F and give the Date Out of Business.
ITEM G - Check Box G if your mailing address has changed. Enter the new address in Item G. NOTE: Changes to location address must be submitted on the Notification of Business Address Change Form (BT-115-C-W), available at www.tax.ok.gov.
ITEM H - Enter the total number of pages enclosed to the right of the word “of.”
ITEM I - (Informational Only) This line should only include sales for low point off-premises consumption. It should not be used by bars and restaurants. Enter the total dollar amount of the monthly off-premises beer sales that was included in the total sales listed on Line 1. NOTE: This total is NOT a deductible
amount.
Line 1: Total Sales
Enter the amount of gross receipts of all sales, including taxable and non- taxable receipts, leases and rentals of tangible personal property. If no sales were made during the reporting period, leave blank.
Line 2: Removed from Inventory
Enter the sales value of tangible personal property purchased for resale and consumed or used in this reporting period. Any merchandise pur- chased tax exempt with your sales tax permit and withdrawn for use by you or your business is to be included in this line. Also include amounts for purchases for which you are paying the sales tax directly to the Okla- homa Tax Commission.
Line 3: Total Sales Tax Exemption
Use the Exemption Schedule, Item J, to complete the authorized exemp- tions from gross receipts for this reporting period. (Use lines 3a. through 3g.) Enter the amount of total sales tax exemptions on Line 3.
Specific Instructions - continued
City/County Tax Schedule Computation (Lines 12-18)
Column K - Enter the code for each city or county for which you are remitting tax.
Column L - Print the name of the city or county for which you are remit- ting tax.
Column M - Enter the “taxable sales” for each city/county associated with the code entered in Column K. If no “taxable sales” were made, leave blank.
Column N - Enter the current sales tax rate for each city/county for which you are remitting tax.
Column O- Multiply the amounts in Column M times the rates in Column N and enter the sales tax due for each city/county.
ITEM P. TOTAL: Add the total from Column O.
If additional supplemental pages are needed, download additional pages from our website at www.tax.ok.gov or call the Oklahoma Tax Commis- sion office at (405) 521-3160 and request the number of Sales Tax Return Supplement pages required.
Line 7: Tax Due
Add the amount on lines 5 and 6. This will be the total state, city, county tax due before any discount, interest or penalty is applied.
Line 8: Discount
If this return and remittance is filed by the due date in Item C, you are eligible for a 1% discount for timely payment. Multiply Line 7 (tax) by 0.01. The maximum discount allowed is $2,500.00. Make no entry if this return is late. No discount allowed for Direct Pay.
Line 9: Interest
If this return and remittance is postmarked after the due date in Item C, the tax is subject to interest from the due date (Item C) until it is paid. Mul- tiply the amount on Line 7 by 0.0125 the applicable rate for each month or part thereof that the return is late.
Line 10: Penalty
If this tax return and remittance is not postmarked within 15 calendar days of the due date, a 10% penalty is due. Multiply the tax amount on Line 7 by 0.10 to determine the penalty.
Line 11: Total Due
Total the return. Subtract Line 8 from Line 7, then add Line 9 and Line 10.
When You are Finished...
Sign and date the return and mail It with your payment to:
Post Office Box 26850
Oklahoma City, OK 73126-0850
3g. Explanation of ‘Other Sales tax exemptions’:
______________________________________________________________
Line 4: Net Taxable Sales
Subtract Line 3 from the total of lines 1 and 2 to arrive at net taxable sales. If you have no amount subject to tax, leave blank.
Line 5: State Tax
Multiply Line 4 by the applicable tax rate. If there is no tax due, leave blank.
Line 6: Total from City/County Tax Schedule
Add the City/County tax due from Column O, Item P from City/County Tax Schedule and supplemental page(s).
Need Assistance?
For assistance, contact the Oklahoma Tax Commission’s Taxpayer Assistance Division at (405) 521-3160.
Mandatory inclusion of Social Security and/or Federal Identification numbers is required on forms filed with the Oklahoma Tax Commission pursuant to Title 68 of the Oklahoma Statutes and regulations thereunder, for identification purposes, and are deemed part of the confidential files and records of the Oklahoma Tax Commission.
The Oklahoma Tax Commission is not required to give actual notice of changes in any state tax law.
Filing the Oklahoma Sales Tax Return, specifically for returns due before July 1, 2017, requires careful attention to detail and accuracy to ensure compliance with state tax regulations. By following these instructions, individuals and businesses can complete the Oklahoma Tax Commission Form STS20002 effectively. This process involves providing taxpayer identification, reporting period details, due date, account number, and other relevant information about sales activities. Additionally, determining tax liabilities, applying any exemptions, discounts, interest, or penalties, and calculating the total tax due are critical steps. The form also accommodates reporting on city and county tax schedules effectively. Understanding each part of the form and adhering to the submission deadline will facilitate a smooth filing process.
Once completed, mail the signed form along with any due payment to the Oklahoma Tax Commission at the address provided on the form. It is important to remember that filing accurately and on time is crucial to avoid any potential fines or penalties.
Who needs to file the Oklahoma Sales Tax Return Form STS20002?
Every vendor responsible for collecting and remitting payment of Oklahoma sales tax needs to file this return. It's required for each period, even if there's no amount subject to tax nor any tax due.
When is the Oklahoma Sales Tax Return due?
Returns must be postmarked on or before the 20th day of the month following each reporting period. This ensures your return is considered timely.
What should I do if I need to amend a previously filed return?
If you need to amend a return, check Box E on the form to indicate it's an amended return. Make sure to correct any information and provide the new correct details.
What happens if I am going out of business?
If you are closing your business, check Box F and provide your out-of-business date. This will be your last sales tax return for the business.
How do I report a change in my mailing address?
If your mailing address has changed, check Box G and enter your new mailing address details. Remember, changes to your location address must be submitted on a separate form, available on the Oklahoma Tax Commission's website.
Are there any discounts available for filing the Oklahoma Sales Tax Return?
Yes, if your return and remittance are filed by the due date, you're eligible for a 1% discount for timely payment. The maximum discount allowed is $2,500. Note that no discounts are allowed for returns filed late or for Direct Pay transactions.
What do I do if I need assistance with my Oklahoma Sales Tax Return?
If you need help, you can contact the Oklahoma Tax Commission’s Taxpayer Assistance Division at (405) 521-3160. They can provide guidance and assistance with any questions you may have about the form or its requirements.
Filling out tax forms can be a daunting task, and the Oklahoma Sales Tax Return is no exception. Mistakes can lead to delays, audits, and even penalties. Here we highlight 10 common errors people make when completing this specific form, aiming to help filers avoid these pitfalls.
Not choosing the correct identification number type (FEIN or SSN) in Item A and incorrectly entering the taxpayer identification number. It's crucial to start with the correct type of identification to ensure your return is processed accurately.
Failing to correctly enter the reporting period in Item B. The reporting period should accurately reflect the month(s) and year for which you are filing the return.
Omitting the due date in Item C or entering it incorrectly can lead to late filings. Ensuring the due date is correctly noted helps avoid unnecessary penalties.
Incorrectly entering the Account Number in Item D. This number is vital for processing your return, so it must be accurate and complete.
Overlooking the need to check Box E if filing an amended return. This indication is critical for the Oklahoma Tax Commission to process the return correctly.
Forgetting to provide the Out of Business Date in Item F if applicable. If this will be your last sales tax return due to closing your business, this information is required.
Not updating a new mailing address in Item G if it has changed. Keeping your contact information current helps ensure you receive all correspondence from the Tax Commission.
Incorrectly reporting sales tax exemptions in Item J. This section requires careful attention to accurately report exemptions, such as sales to those holding sales tax permits or on agricultural sales.
Miscalculating net taxable sales in Line 4 by not properly subtracting total exemptions from the total sales combined with removed inventory items. Accuracy here is crucial to determine the actual taxable amount.
Incorrectly computing the tax due, evidenced by errors in completing the City and County Tax Schedule and subsequently miscalculating totals in Lines 5, 6, and 7. Precise calculations and attentiveness to city and county codes and rates are imperative for accurate tax reporting.
Avoiding these common errors can streamline the process of filing your Oklahoma Sales Tax Return, ensuring timely and accurate submissions. It's also advisable to consult the detailed instructions provided by the Oklahoma Tax Commission or seek professional assistance if you're uncertain about any aspects of your tax return.
When it comes to navigating the complexities of sales tax in Oklahoma, understanding which documents need to be filed alongside the Oklahoma Tax Commission Form STS20002 is essential for businesses. This form serves as a key component in filing Oklahoma Sales Tax Returns prior to July 1, 2017. However, to ensure compliance and accuracy in your business’s tax filings, you may need additional forms and documents that provide more detail about your sales activities, exemptions, and modifications to your business status. Below is a list of documents often used in conjunction with the Oklahoma Sales Tax Return form, each playing a vital role in the tax reporting process.
These documents complement the Oklahoma Sales Tax Return by providing additional clarity and detail required for certain business activities and changes. Understanding how to properly use and file each is crucial for maintaining compliance with Oklahoma's tax laws. As always, it's advisable for businesses to consult with a tax professional or the Oklahoma Tax Commission directly for specific guidance tailored to their unique situation.
The Federal Tax Return, specifically the annual income tax filings required by the Internal Revenue Service (IRS), shares key similarities with the Oklahoma Sales Tax Return. Both documents necessitate precise financial reporting from the preceding year and include identification details, such as Social Security Number or Federal Employer Identification Number (FEIN), and information about periods covered and taxes due. Furthermore, both forms allow for amendments to previously filed returns, recognizing the occasional need for corrections post-submission.
State Unemployment Tax Authority (SUTA) filings, required in various jurisdictions for the purpose of funding unemployment benefits, parallel the Oklahoma Sales Tax Return in several respects. These forms require employers to report earnings and calculate taxes owed based on wages paid. Similar to the Oklahoma form, SUTA filings require detailed employer identification, including account numbers and business addresses, and period-specific tax calculations, underscoring their shared focus on accurate, time-bound financial accounting.
The Business Personal Property Tax Return, filed with local or state tax authorities, mirrors the Oklahoma Sales Tax Return in its requirement for detailed asset reporting. Both documents require taxpayers to declare specific items—whether tangible personal property for the Business Personal Property Tax or sales transactions for the Sales Tax Return—and calculate taxes accordingly. Moreover, the inclusion of allowances for exemptions, deductions, and the reporting period specificity are shared features between these tax documents.
Use Tax Returns, which complement sales tax returns by taxing the storage, use, or consumption of goods within a jurisdiction where the sales tax was not collected at the point of sale, align closely with the Oklahoma Sales Tax Return. Both documents focus on ensuring tax is properly collected on goods distributed within the state, requiring detailed reporting on transactions, alongside taxpayer identification and applicable tax rates, to accurately assess taxes due.
The City or County Business License Renewal forms, while not directly tax collection documents, bear resemblance to the Oklahoma Sales Tax Return in their requirement for businesses to regularly report operational details for compliance purposes. Both types of documents typically require an account or identification number, business location information, and may require financial details relevant to the license renewal or tax period in question.
The Workers' Compensation Insurance Premium Tax Return also shares commonality with the Oklahoma Sales Tax Return, primarily in its framework for calculating dues based on specific financial metrics—wages paid out in the case of Workers' Compensation, and sales revenue for the Sales Tax. Both forms necessitate detailed reporting on business operations and financials, along with taxpayer identification, to accurately assess and collect the required taxes or premiums.
Finally, the Wholesale Alcohol & Tobacco Tax Filings, required from businesses engaging in the distribution of these specific products, exhibit similarities in structure to the Oklahoma Sales Tax Return. These filings demand detailed transaction records, akin to the sales report on the Oklahoma form, and calculations of tax based on quantities sold or distributed. Each mandates precise record-keeping and timely filings, including identifying business information and period-specific reporting, to ensure compliance with state regulations.
Filling out the Oklahoma Sales Tax Return form can be straightforward if you follow these do's and don'ts. These guidelines are designed to help you accurately report your sales tax, avoid common errors, and comply with Oklahoma tax regulations.
By following these do's and don'ts, you can smoothly navigate the process of filing your Oklahoma Sales Tax Return. Remember, accuracy and timeliness are key to fulfilling your tax obligations and avoiding unnecessary penalties.
When it comes to managing and filing the Oklahoma Sales Tax Return (Form STS20002), there are several misconceptions that can lead to confusion or even errors in filing. Understanding these misconceptions is crucial to ensuring that the tax return is completed accurately and efficiently. Below are nine common misconceptions about the Oklahoma Sales Tax Return form and their clarifications:
Clearing up these misconceptions helps ensure accuracy in filing the Oklahoma Sales Tax Return, leading to a smoother and more efficient tax filing process.
When dealing with Oklahoma Sales Tax Returns, especially if you're working with returns prior to July 1, 2017, understanding the proper way to fill out the form can save you a lot of headaches. The Oklahoma Sales Tax Return form, designated as STS20002, demands your attention to detail and accurate reporting for your sales and tax information. Below are key takeaways to guide you through the process of completing this form correctly.
Practicing diligence in preparing your Oklahoma Sales Tax Return can help ensure that your business remains in good standing with the state's tax requirements. When in doubt, seeking guidance from a professional or directly from the Oklahoma Tax Commission can provide further clarity and assist you in navigating the complexities of sales tax reporting.
Lastly, signing and dating your return before mailing it to the Oklahoma Tax Commission, along with the correct payment, is a critical final step in this process. Ensuring that all information provided on the form is true and correct to the best of your knowledge is not just a matter of compliance, but also your legal obligation as a taxpayer.
Oklahoma 511 - Opt to apply refund amounts towards next year’s estimated tax or designate to Oklahoma donations using the options provided on Form 511.
Title Transfer Oklahoma - Special license plates acquired through this application must be displayed on the rear of the vehicle, as regulated by the state.