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Oklahoma Information Return - Report of Nonresident Member Income Tax Withheld
Form 500B is obsolete, and is no longer supported by the Oklahoma Department of Revenue.
Extracted from PDF file 2021-oklahoma-form-500b.pdf, last modified December 2007Information Return - Report of Nonresident Member Income Tax Withheld
State of Oklahoma FORM Information Return Report of Nonresident Member Income Tax Withheld Tax Year End Date of Partnership, S Corporation, LLC or Trust _________________ Revised 2011 Part B: Nonresident Member Information Part A: Pass-Through Entity Information Name of Pass-Through Entity: 500-B Name: Type of Taxpayer: Type of Ownership: Partnership S Corporation LLC Trust Other (specify) ______________ Individual LLC Corporation Trust Other (specify) ______________________________________________ Federal Identification Number: Social Security Number or Federal Identification Number of Member: Street Address: Street Address: City State Zip City State Zip Part C: Distribution and Withholding Oklahoma Income Tax Withheld: Total Amounts Distributed from Oklahoma Sources: The nonresident member must enclose Form 500-B with their Oklahoma income tax return to substantiate the withholding. State of Oklahoma FORM Information Return Report of Nonresident Member Income Tax Withheld Tax Year End Date of Partnership, S Corporation, LLC or Trust _________________ Revised 2011 Part B: Nonresident Member Information Part A: Pass-Through Entity Information Name of Pass-Through Entity: 500-B Name: Type of Taxpayer: Type of Ownership: Partnership S Corporation LLC Trust Other (specify) ______________ Individual LLC Corporation Trust Other (specify) ______________________________________________ Federal Identification Number: Social Security Number or Federal Identification Number of Member: Street Address: Street Address: City State Zip City State Zip Part C: Distribution and Withholding Total Amounts Distributed from Oklahoma Sources: Oklahoma Income Tax Withheld: The nonresident member must enclose Form 500-B with their Oklahoma income tax return to substantiate the withholding. Oklahoma requires income tax withholding from distributions made to nonresident members (partners, members, shareholders or beneficiaries) of pass-through entities (Partnerships, S Corporations, Limited Liability Companies or Trusts). The withholding rate is 5% of the Oklahoma share of the income distributed to the nonresident member. A pass-through entity is not required to withhold tax for a nonresident member if the nonresident member files a withholding exemption affidavit, OTC Form OW-15. A Form 500-B must be completed for each nonresident member to whom the pass-through entity has made an Oklahoma distribution. Complete all lines of Parts A, B and C; indicating the total amount of Oklahoma taxable income distributed, and the amount of tax withheld for each nonresident member for the tax year. NOTE: If, on Form WTP10003 (formerly Form OW-9-C), the Estimated Withholding Tax paid was greater than the Tax Withheld, enter the amount of Estimated Withholding Tax paid in Part C. Prepare four copies of the Form 500-B. Distribute the four copies as follows: 1. To your nonresident member to enclose with their Oklahoma income tax return. 2. To your nonresident member for their records. 3. To the Oklahoma Tax Commission. Enclose all 500-B forms with Form 501 as the summary. 4. To be retained by the pass-through entity for its records. Every pass-through entity, required to withhold income tax from the Oklahoma share of taxable income distributed to nonresident members, shall furnish Form 501 together with Forms 500-B to the Oklahoma Tax Commission by the due date, including extensions, of the pass-through entity’s income tax return. Each person to whom such payment was made shall also be furnished Form 500-B by such date. Title 68 O.S. Section 2385.30. draft 10/3/11 Oklahoma requires income tax withholding from distributions made to nonresident members (partners, members, shareholders or beneficiaries) of pass-through entities (Partnerships, S Corporations, Limited Liability Companies or Trusts). The withholding rate is 5% of the Oklahoma share of the income distributed to the nonresident member. A pass-through entity is not required to withhold tax for a nonresident member if the nonresident member files a withholding exemption affidavit, OTC Form OW-15. A Form 500-B must be completed for each nonresident member to whom the pass-through entity has made an Oklahoma distribution. Complete all lines of Parts A, B and C; indicating the total amount of Oklahoma taxable income distributed, and the amount of tax withheld for each nonresident member for the tax year. NOTE: If, on Form WTP10003 (formerly Form OW-9-C), the Estimated Withholding Tax paid was greater than the Tax Withheld, enter the amount of Estimated Withholding Tax paid in Part C. Prepare four copies of the Form 500-B. Distribute the four copies as follows: 1. To your nonresident member to enclose with their Oklahoma income tax return. 2. To your nonresident member for their records. 3. To the Oklahoma Tax Commission. Enclose all 500-B forms with Form 501 as the summary. 4. To be retained by the pass-through entity for its records. Every pass-through entity, required to withhold income tax from the Oklahoma share of taxable income distributed to nonresident members, shall furnish Form 501 together with Forms 500-B to the Oklahoma Tax Commission by the due date, including extensions, of the pass-through entity’s income tax return. Each person to whom such payment was made shall also be furnished Form 500-B by such date. Title 68 O.S. Section 2385.30.
Form 500B
More about the Oklahoma Form 500B Corporate Income Tax Nonresident
We last updated the Information Return - Report of Nonresident Member Income Tax Withheld in April 2022, and the latest form we have available is for tax year 2021. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Oklahoma Tax Commission. You can print other Oklahoma tax forms here.
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TaxFormFinder has an additional 54 Oklahoma income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 564 | Credit for Employees in the Aerospace Sector (you will also need Form 511CR) |
| Form 500-A | Information Return |
| Form 500B | Information Return - Report of Nonresident Member Income Tax Withheld |
| Form 501 | Annual Information Return (reconciliation for Forms 500, 500A and 500B) |
| Form 576 | Natural Disaster Tax Credit |
View all 55 Oklahoma Income Tax Forms
Form Sources:
Oklahoma usually releases forms for the current tax year between January and April. We last updated Oklahoma Form 500B from the Tax Commission in April 2022.
Form 500B is an Oklahoma Corporate Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Oklahoma Form 500B
We have a total of nine past-year versions of Form 500B in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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