State Of Oklahoma Income Tax Return Page 2
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2Adjustments Necessary to Arrive at Oklahoma Taxable Income
PART V
1997 PAGE 2
00
........................................................................................
27
27
Oklahoma Adjusted Gross Income (from part I, line 14)
.............................................
00
28
28
Partial military pay exclusion, (not retirement, see instructions)
00
.......................................................................
29
Qualifying disability deduction (see instructions)
29
ROUND TO
00
.........................................................
30
Political contributions (limited to $100 Single, $200 Joint)
30
00
............................................
31
31
Interest qualifying for exclusion (limited to $100 Single, $200 Joint)
NEAREST
00
...............................................................
32
32
Qualified medical savings account (see instructions)
00
.........................................................................
33
33
DOLLAR
Qualified adoption expense (see instructions)
00
.......................................
34
34
Agricultural commodity processing facility exclusion (see instructions)
00
...................................
35
35
Depreciation adjustment for swine or poultry producers (see instructions)
00
......................................................................................................
36
36
Total (add lines 28, 29, 30, 31, 32, 33, 34 and 35)
00
................................................................................
37
37
Oklahoma income after adjustments (subtract line 36 from line 27)
00
........................................................................................................
38
38
Deductions and exemptions (from part II, line 19)
00
...................................................................
39
For Method I
39
Oklahoma Taxable Income _______________ (subtract line 38 from line 37)
00
..........................................................................................................
40
40
Tax from Tax Table 1
41
00
.......................................................................................................
41
Federal income tax deduction (from part III, line 22)
00
...................................................................
42
For Method II
42
Oklahoma Taxable Income _______________ (subtract line 41 from line 39)
00
..........................................................................................................
43
Tax from Tax Table 2
43
PART VI
Tax Computation • Credits • Refund or Amount Due
00
.............................................................................
44
44
Oklahoma Income Tax enter the lesser of line 40
or line 43
00
.................................................................................
45
45
Credit for child care (from part IV, line 26)
00
.................................................
46
46
Credit for tax paid another state (enclose Oklahoma schedule E)
00
...........................................................
47
47
Oklahoma investment/new jobs credit (enclose form 506)
00
..........................................................
48
48
Oklahoma agricultural producer credit (enclose form 520)
00
................................................................
49
49
Other credits (enclose 511CR and appropriate forms)
00
..........................................................................................................................
50
50
Total (add lines 45, 46, 47, 48 and 49)
00
...........................................................................................
51
51
Balance (subtract line 50 from line 44, but not less than zero)
00
...................
52
52
Oklahoma Income tax withheld (enclose all W-2's and 1099 withholding statements.)
....................
.........
53
a.
1997 Oklahoma estimated tax payments
00
............
.........
53a
Check box if qualified farmer (see instructions)
00
00
53b
........................................................
b.
1997 payments with extension
00
..............................................................................................
53c
c.
Total (add lines 53a and 53b)
00
.......................................................
54
54
Health insurance credit (enclose form 534) (employers only)
00
.................................................................
55
55
Low income property tax credit (enclose form 538-H)
00
......................................................
56
56
Sales tax relief credit (enclose form 538-S, see instructions.)
00
..........................................................................................................................
57
57
Total (add lines 52, 53c, 54, 55 and 56)
00
............................................................................
O v e r p a i d
58
58
If line 57 is larger than line 51, enter amount overpaid
00
.............................................................
59
59
Amount of line 58 to be credited on 1998 estimated Tax
Deductions from Refund:
If you wish to donate from your tax refund, check and enter amount.
00
60
60
Oklahoma Wildlife Diversity Program.
$2,
$5, or
$
00
61
61
Low Income Health Care Fund.
$2,
$5, or
$
00
62
62
Veterans Affairs Capital Improvement Program.
$2,
$5, or
$
00
63
63
Oklahoma Breast Cancer Program.
$2,
$5, or
$
00
.......................................................................................................................
64
64
Total (add lines 59, 60, 61, 62 and 63)
00
.....................................................................
65
Refund
65
Amount to be refunded to you (subtract line 58 from line 64)
00
............................................................................................
Tax Due
66
66
If line 51 is larger than line 57 enter tax due
00
67
...................................
67
Underpayment of estimated tax, penalty 5% __________ Interest __________ (enclose OW-8-P)
00
............................
68
For delinquent payment, add penalty of 5% __________ plus interest at 1 1/4% per month __________
68
00
...................................................................
69
Balance Due
69
Total tax, penalty and interest (add lines 66, 67 and 68)
The Oklahoma Tax Commission is not required to give actual notice to taxpayers of changes in any state tax law.
Please remit to the: Oklahoma Tax Commission
If the Tax Commission may discuss this return with
P.O. Box 26800
your tax preparer please check here.
Oklahoma City, OK 73126-0800
Under penalty of perjury I declare that the information contained in this document and any attachments are true and correct to the best of my knowledge and belief.
Preparer's I.D. Number
Taxpayer's signature
Date
Spouse's signature
Date
Paid Preparer's signature
Taxpayer's occupation
Spouse's occupation
Paid Preparer's address and phone number
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