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The Oklahoma Sales Tax Return Form STS20002 is an essential document for vendors responsible for collecting and remitting sales tax in the state. This form is specifically designed for filing sales tax returns for periods prior to July 1, 2017. It encompasses several critical sections that guide users through the reporting process, including taxpayer identification, reporting period, and account details. Vendors must accurately report total sales, exemptions, and taxes due, while also providing information about any changes in business status or mailing address. The form requires a breakdown of taxable and non-taxable sales, along with specific exemptions, such as those related to agricultural sales and returned merchandise. It also includes a city and county tax schedule, allowing vendors to calculate local tax obligations. Timely submission is crucial, as returns must be postmarked by the 20th of the month following the reporting period. Failure to comply may result in penalties or interest charges, underscoring the importance of understanding and correctly completing this form.
Different PDF Templates
Eta 750b - Submit your application to the address provided on the form.
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Important Questions on Oklahoma Sales
What is the Oklahoma Sales form STS20002 used for?
The Oklahoma Sales form STS20002 is specifically designed for filing sales tax returns for transactions that occurred prior to July 1, 2017. Vendors responsible for collecting and remitting sales tax in Oklahoma must use this form to report their sales tax obligations for that period.
Who needs to file the Oklahoma Sales form STS20002?
Every vendor who collects or is responsible for remitting Oklahoma sales tax must file this form. This requirement holds true even if there are no sales or tax due for the reporting period. It's important to file a return for each period to remain compliant.
When is the Oklahoma Sales form STS20002 due?
Returns must be postmarked by the 20th day of the month following the end of each reporting period. For example, if you are reporting sales for January, your return is due by February 20th.
What information do I need to provide on the form?
You will need to provide your taxpayer identification number, the reporting period, the due date, and your account number. Additionally, you must include total sales, exemptions, and any applicable taxes. Be sure to sign and date the form before submitting it.
What if I need to amend my return?
If you need to make changes to a previously filed return, check the box indicating that this is an amended return. Ensure you provide the correct information on the amended form and submit it by the due date to avoid penalties.
How do I calculate the tax due on the form?
To calculate the tax due, first determine your net taxable sales by subtracting total exemptions from your total sales. Then, multiply the net taxable sales by the applicable state and local tax rates. Add any interest or penalties if applicable to arrive at the total amount due.
What happens if I miss the filing deadline?
If you miss the filing deadline, your return may incur interest and penalties. Interest is charged on the tax amount due from the due date until payment is made. A 10% penalty may also apply if the return is not postmarked within 15 days after the due date.
Where do I send my completed Oklahoma Sales form STS20002?
Mail your completed form along with your payment to the Oklahoma Tax Commission at Post Office Box 26850, Oklahoma City, OK 73126-0850. Ensure that your taxpayer number is included on your check for proper processing.
How to Write Oklahoma Sales
Filling out the Oklahoma Sales Tax Return form STS20002 requires careful attention to detail. This form is essential for vendors who need to report sales tax collected prior to July 1, 2017. To ensure accuracy, follow these steps closely.
- Identify Your Taxpayer Number: Check the appropriate box for your identification type (FEIN or SSN) and enter your number in Item A.
- Specify the Reporting Period: Enter the month(s) and year for the sales being reported in Item B.
- Due Date: Fill in the date the return is due in Item C.
- Account Number: Enter your Account Number in Item D.
- Amended Return: If applicable, check Box E to indicate that this is an amended return.
- Out of Business: If this is your final return, check Box F and provide the date you went out of business.
- Mailing Address Change: If your mailing address has changed, check Box G and provide the new address.
- Page Count: Enter the total number of pages you are submitting in Item H.
- Off-Premise Beer Sales: If applicable, enter the total dollar amount of off-premises beer sales in Item I.
- Total Sales: Report your total gross sales on Line 1.
- Removed from Inventory: Enter the value of items consumed or used in Line 2.
- Total Exemptions: Use Schedule J to calculate and enter total exemptions on Line 3.
- Net Taxable Sales: Calculate and enter net taxable sales on Line 4 by subtracting Line 3 from the total of Lines 1 and 2.
- State Tax: Multiply the amount on Line 4 by the applicable tax rate and enter it on Line 5.
- City/County Tax: Complete the City/County Tax Schedule and enter the total on Line 6.
- Tax Due: Add Lines 5 and 6 to determine the total tax due on Line 7.
- Discount: If applicable, calculate and enter any discount on Line 8.
- Interest: If the return is late, calculate and enter interest on Line 9.
- Penalty: If applicable, calculate and enter any penalty on Line 10.
- Total Due: Calculate the total amount due on Line 11.
- Signature: Sign and date the return before submitting it.
After completing the form, mail it along with your payment to the Oklahoma Tax Commission. Be sure to keep a copy for your records. If you have questions or need assistance, contact the Oklahoma Tax Commission’s Taxpayer Assistance Division.
Similar forms
The Oklahoma Sales Tax Return is similar to the Texas Sales and Use Tax Return. Both forms serve the purpose of reporting sales tax collected by businesses. They require businesses to detail their gross sales, exemptions, and the tax due to the state. The Texas form also includes sections for various exemptions, similar to the Oklahoma form, allowing businesses to account for tax-exempt sales accurately. Additionally, both forms emphasize the importance of timely filing and payment to avoid penalties.
Another document comparable to the Oklahoma Sales Tax Return is the California Sales and Use Tax Return. This form is used by California businesses to report their sales tax liabilities. Like the Oklahoma form, it requires businesses to provide information on total sales, exemptions, and tax due. Both forms include specific instructions for calculating the tax owed and provide options for reporting different types of sales, ensuring compliance with state tax laws.
The Florida Sales and Use Tax Return also shares similarities with the Oklahoma Sales Tax Return. Both documents are designed for businesses to report sales tax collected from customers. They require detailed reporting of gross sales and exemptions, allowing businesses to identify any tax liabilities accurately. The Florida form, like its Oklahoma counterpart, includes sections for various types of exemptions, ensuring that businesses can report their sales tax accurately and in compliance with state regulations.
For those looking to conduct a proper transaction, understanding the implications of an ATV Bill of Sale template is vital for a seamless process. You can find an informative resource at essential ATV Bill of Sale guidance, which outlines the necessary components and legal requirements involved in this transaction.
In addition, the New York State Sales and Use Tax Return is another document that aligns with the Oklahoma Sales Tax Return. Both forms require businesses to report their total sales and the corresponding sales tax collected. They provide detailed instructions for calculating exemptions and tax due. New York’s form also emphasizes the importance of filing on time to avoid penalties, mirroring the urgency found in the Oklahoma form.
The Illinois Sales and Use Tax Return is another comparable document. This form is utilized by Illinois businesses to report sales tax collections, similar to the Oklahoma Sales Tax Return. Both forms require businesses to provide information on total sales, exemptions, and taxes owed. They also include specific sections for detailing various types of sales, ensuring that all tax liabilities are reported accurately and timely.
The Pennsylvania Sales and Use Tax Return is yet another document that mirrors the Oklahoma Sales Tax Return. Both forms serve the same purpose of reporting sales tax collected by businesses. They require detailed reporting of gross sales, exemptions, and tax due. The Pennsylvania form also includes sections for various exemptions, ensuring businesses can account for tax-exempt sales accurately, just like in Oklahoma.
The Ohio Sales and Use Tax Return also shares characteristics with the Oklahoma Sales Tax Return. Both forms are designed for businesses to report sales tax collected from customers. They require detailed reporting of total sales, exemptions, and tax due. Ohio’s form includes specific instructions for calculating the tax owed, similar to the Oklahoma form, reinforcing the necessity of accurate reporting and timely submission.
The Michigan Sales and Use Tax Return is another document comparable to the Oklahoma Sales Tax Return. Both forms require businesses to report their total sales and the corresponding sales tax collected. They include sections for detailing various exemptions, ensuring compliance with state tax laws. Both forms also stress the importance of timely filing to avoid penalties, underscoring the urgency of compliance.
The Georgia Sales and Use Tax Return is similar to the Oklahoma Sales Tax Return in that both forms are utilized by businesses to report sales tax liabilities. They require comprehensive reporting of gross sales, exemptions, and tax due. The Georgia form includes sections for various exemptions, similar to Oklahoma, allowing businesses to accurately report their tax obligations and avoid potential penalties.
Lastly, the North Carolina Sales and Use Tax Return aligns closely with the Oklahoma Sales Tax Return. Both forms are designed for businesses to report sales tax collected. They require detailed reporting of total sales, exemptions, and tax due. North Carolina’s form also emphasizes the importance of timely filing and payment, mirroring the urgency found in the Oklahoma form, ensuring that businesses remain compliant with state tax regulations.
Example - Oklahoma Sales Form
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 |
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Revised |
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Oklahoma Sales Tax Return |
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A.Taxpayer FEIN |
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SSN |
B. Reporting Period |
C. Due Date |
D. Account Number |
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(check one, enter number below) |
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E. Amended Return
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H. Page _______ of _______ Page(s)
_______________________________________________________________ |
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Name |
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_______________________________________________________________ |
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Address |
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_______________________________________________________________ |
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City |
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State |
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Beer Sales: (See Instructions) _______________________. _____ |
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J. Sales Tax Exemption Schedule |
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- - - - Whole Dollars Only - - - - |
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3a. |
Sales to Those Holding Sales |
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Tax Permits or Direct Pay Permits |
___________________________ |
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3b. |
Gasoline Sales with State |
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Gasoline Tax Paid |
___________________________ |
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3c. |
Motor Vehicle Sales on which |
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Excise Tax Has Been Paid |
___________________________ |
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3d. |
Agricultural Sales |
___________________________ |
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3e. |
Sales Subject to Federal Food |
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Stamp Exemption |
___________________________ |
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3f. |
Returned Merchandise |
___________________________ |
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3g. |
Other Legal Sales Tax Exemptions |
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(explain on page 2) |
___________________________ |
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F. Out of Business
Date Out of Business: ___________________________
MM/DD/YY
G.Mailing Address Change
G.New Mailing Address
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Address
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City |
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State |
ZIP |
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- - - - - - - Dollars - - - - - - - |
- Cents - |
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Total Sales |
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2. |
Removed from inventory and |
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consumed or used or purchases |
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for which direct payment is due . + |
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3. |
Total Exemptions |
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(Total from Schedule J) |
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4. |
Net taxable sales |
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5. |
State Tax |
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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)..- ________________________ . _______
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Interest |
+ |
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10. Penalty |
+ |
________________________ |
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Total Due (If no total due put ‘0’)= |
________________________ |
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City and County Tax Schedule
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O. Amount of Tax Due |
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M. Net Sales Subject to Tax |
N. Tax Rate |
(Multiply Item M by Item N) |
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K. City/County Code |
L. City/County Name |
- - - Whole Dollars Only - - - |
(%) |
- - - Dollars - - - |
Cents |
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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
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
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
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)
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:
Oklahoma Tax Commission
Post Office Box 26850
Oklahoma City, OK
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)
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.
Documents used along the form
When dealing with the Oklahoma Sales Tax Return, several other forms and documents may also be necessary. Each of these documents serves a specific purpose and helps ensure compliance with state tax regulations. Understanding these forms can simplify the process of filing and managing sales tax obligations.
- Form BT-115-C-W: This form is used to notify the Oklahoma Tax Commission of any changes to a business's address. It is crucial for maintaining accurate records and ensuring that all correspondence is sent to the correct location.
- Form STS20003: This is the Oklahoma Sales Tax Return for filing returns after July 1, 2017. It is essential for vendors who need to report sales tax collected during this period and includes updated information and instructions compared to the earlier form.
- Bill of Sale Form: This document is essential for any transaction involving the transfer of ownership. To formalize the agreement, you can access and fill out the form by visiting legalpdf.org.
- Form STS20004: This form is designated for requesting a refund of overpaid sales tax. Businesses can use it to claim back any amounts that were incorrectly paid, ensuring they are not unduly penalized for errors in tax calculations.
- Form STS20005: This is the Sales Tax Exemption Certificate, which allows certain purchases to be made without sales tax. It is typically used by organizations or individuals who qualify for specific exemptions, such as non-profits or government entities.
- Form STS20006: This form is for filing a Sales Tax Amended Return. If a business discovers an error in a previously filed return, this form allows them to correct the information and ensure their tax records are accurate.
- Form STS20007: This is the Sales Tax Direct Pay Permit application. Businesses that frequently purchase items for resale may apply for this permit to streamline the process of paying sales tax directly to the state rather than at the point of sale.
- Form STS20008: This document is used to report and remit local sales taxes collected in addition to state sales tax. Local jurisdictions may have different rates, and this form helps ensure compliance with local tax laws.
Being aware of these forms and their purposes can greatly aid in the management of sales tax responsibilities in Oklahoma. Properly completing and submitting these documents can help avoid penalties and ensure smooth operations for businesses. Always consider consulting with a tax professional if there are any uncertainties regarding filing requirements.
Key takeaways
1. Understand the Purpose of the Form: The Oklahoma Sales Tax Return Form STS20002 is specifically for filing sales tax returns for periods prior to July 1, 2017. Ensure you are using the correct form for your reporting needs.
2. Filing Requirements: Every vendor responsible for collecting and remitting Oklahoma sales tax must file this return. It is necessary to submit a return for each reporting period, even if there are no sales or tax due.
3. Timely Submission: Returns must be postmarked by the 20th day of the month following each reporting period. Late submissions may incur penalties and interest.
4. Complete All Required Fields: Fill out all sections of the form accurately, including taxpayer identification numbers, reporting periods, and account numbers. Omitting information can lead to processing delays.
5. Calculate Taxes Correctly: Carefully calculate total sales, exemptions, and taxes due. Use the provided schedules to ensure accuracy, especially when determining city and county taxes.
6. Sign and Mail the Return: After completing the form, sign and date it. Mail the return along with any payment to the Oklahoma Tax Commission at the specified address. Always keep a copy for your records.