ProSeries Frequently Asked Questions

Oklahoma Tax Commission Revised Forms 215 and 200

Products Affected:

ProSeries/Oklahoma Corporation
ProSeries/Oklahoma S Corporation
ProSeries Express/Oklahoma Corporation
ProSeries Express/Oklahoma S Corporation

Situation

The Oklahoma Tax Commission revised Form 215, Oklahoma Minimum/Maximum Franchise Tax Return (revised 2-2006) and Form 200, Oklahoma Annual Franchise Tax Return (revised 6-2006).

Forms 215 and 200 were changed to eliminate the $10 minimum tax. The minimum tax is now $0. Currently, the 2005 Oklahoma Corporation and S Corporation programs automatically calculate a minimum tax due of $10.

Workaround

On Form 215 (Min/Max FTR), line 1, Tax, override the amount and enter $0 as needed.
On Form 200 (Annual FTR), line 12, Tax, override the amount and enter $0 as needed.

Additional Information

Revised Form 215 and Form 200 can be found on the Oklahoma Tax Commission Web site. These forms are in Adobe Portable Document Format (PDF) and require Adobe Acrobat Reader.

Last updated: 08/28/2006