Oklahoma E-File Mandates Oklahoma E-file

Oklahoma E-File Mandates
presented by:
Michael C. Kaufmann
Oklahoma Tax Commission
FTA E-file Symposium
Oklahoma City, Oklahoma
May 2004
Oklahoma E-file Mandates
 Two mandates enacted by legislation
during the 2003 legislative session.
 1 - E-file for certain sales tax remitters.
 QuickTax SYSTEM
 http://www.oktax.state.ok.us/oktax/quicktax.html
 2 - E-file required for personal income tax
return preparers.
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Tax Types able to use QuickTax
 Sales Tax
 Employer Withholding Tax
 Nonresident Royalty Withholding Tax
 Tourism Tax
 Use Tax: Vendor & Consumer
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HB 1593 mandated
That effective on October 1, 2003, all
businesses that remitted an average of
$2,500 or more per month of state sales tax
in the previous fiscal year, must electronically
file reports and payments.
In addition, taxpayers must make two payments
1.payment for sales from the first day through the 15th
day of each month must be remitted by the 20th of the
month.
2.payment for sales from the 16th day through the end
of the month is due on the 20th of the following
month.
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The opportunity to receive a discount for
timely filing has been changed. Businesses
that file and pay electronically using the
online filing option can still take the full 2.25%
discount. Businesses choosing to continue to
file by paper or pay by check will only be
allowed to take a reduced 1.25% discount.
Makes an exception for those vendors who
are unable to file electronically.
PROBLEMS!!!
 Short implementation time.
 Many small businesses affected.
 Remitters lose “float”.
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Personal Income Tax
HB 1356 mandated:
Any tax return preparer, who prepared
more than 50 Oklahoma income tax
returns for the prior year, must file all
Oklahoma income tax returns prepared for
the current tax year electronically. This
section will not apply to a return upon
which the taxpayer has indicated that the
taxpayer did not want the return filed by
electronic means.
PROBLEMS!!
 Tax Professional’s Objected
 Unable to accept all types of PIT returns
 Enforcement / Penalties
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Questions
????
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