Part-Year and Nonresident

Who is a Resident? You are a resident of DC if: 1. You are an individual domiciled in DC at any time during the taxable year, or 2. You are an individual who maintains a place of abode within DC for an aggregate of 183 days or more during the taxable year, this is also known as a statutory resident. Domiciliary An individual is domiciled in DC if his/her permanent home is in DC. [...]

How Do I Receive Oklahoma Credit for Tax Paid to Another State?

Credit for Tax Paid to Another State If you receive income for personal services from another state, you must report the full amount of such income on your Oklahoma return. If the other state also taxes the income, a credit is allowed on Form 511. Complete Oklahoma Form 511TX and furnish a copy of the other state(s) return, or Form W-2G if the taxing state does not allow a return to be filed for [...]

Oklahoma Exclusions

Oklahoma Subtractions from Income Schedule 511-A -Interest on U.S. Government Obligations If you report interest on bonds, notes and other obligations of the U.S. government on your federal return, this income may be excluded from your Oklahoma Adjusted Gross Income if a detailed schedule is furnished, accompanied with 1099s showing the amount of interest income and the name of the obligation [...]

What is Included in Oklahoma Exclusions Listed on Oklahoma's Tax Return?

Oklahoma Subtractions from Income Schedule 511-A -Interest on U.S. Government Obligations If you report interest on bonds, notes and other obligations of the U.S. government on your federal return, this income may be excluded from your Oklahoma Adjusted Gross Income if a detailed schedule is furnished, accompanied with 1099s showing the amount of interest income and the name of the obligation [...]

How Do I Determine my Oklahoma Net Operating Loss?

The loss year return must be filed to establish the Oklahoma Net Operating Loss (NOL). Oklahoma NOL shall be separately determined by reference to IRC Section 172 as modified by the Oklahoma Income Tax Act and shall be allowed without regard to the existence of a federal NOL. For tax years 2009 and subsequent, the years to which an NOL may be carried shall be determined solely by reference to IRC [...]