Oklahoma Income Tax - Form 501 - Annual Information Return

Sep 19, 2026

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Form 501 is an Oklahoma annual information return used by payors to report certain classes of income and related Oklahoma withholding amounts to the Oklahoma Tax Commission. It includes fields for payer information and identification numbers, selects the transmitted statement type (W-2G, 1099 series, or 500 series), and includes a perjury declaration with signature and contact details. Instructions outline who must file, key due dates (generally Feb 28, with Jan 31 exceptions), what payments qualify, and production-payment and resident/nonresident reporting rules, including a note not to remit payment with the form.

LanguageEnglish

CategoryForms

FormatPDF

Pages2

Reading Time1 min

AccessFree to download

Form 501 Instructions

Who Shall Report

Due Dates

Payments to be Reported When Paid to Residents

Production Payment Rules (resident/nonresident)

Dividend or Interest Payments

Nonresidents

Professional Payments

Pass-Through Entities

| State of Oklahoma
Income Tax
Summary of reports provided herewith.
(Do not remit payment with this form) | | --- | | | | Name of person or organization submitting this return
Please check one:
Corporation Partnership Individual Fiduciary Other | | Street address or Rural Route | | Address continued | | City, State and ZIP | Please do not use this space Revised 2025 Tax Year Please do not use this space If this is your final return, please check here 501 Annual Information Return FORM | Federal Identification Number | | | | | Social Security Number | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Number of reports provided (Form 500 or 1099) | | | Total amount of income reported with this form | | | | Oklahoma income tax withheld | | | Check only one box below to indicate the type of form being transmitted. A separate Form 501 is required for each type of statement reported. | | | | | | | | | | W-2G
500
500-A
500-B | | 1099-A
1099-B
1099-C
1099-DIV | | | 1099-G
1099-INT
1099-MISC
1099-OID | | 1099-PATR
1099-R
1099-S | | | NOTE: Do Not File Form 501 for any 1099 forms electronically filed with the Internal Revenue Service (IRS) if you participate in the Combined Federal/State Filing (CF/SF) Program. The IRS electronically forwards information returns (original and corrected) to the Oklahoma Tax Commission as a participating state in the CF/SF Program. | | | | | | | | | | I declare under penalty of perjury that this form has been examined by me, and to the best of my knowledge is a true, correct, and complete return of payments of the described classes of income made by the person or organization named above during the calendar year.
Signature Date
Contact person, if more information is needed:
Name:
Title
Telephone Number: ( ) | | | | | | | | | Form 501 Instructions Who Shall Report All payors, including but not limited to churches, charitable organizations, labor unions, lodges, fraternities, sororities, school districts, state, county and municipal departments, cooperatives and any other tax exempt organization, shall report these payments. Due Dates This return together with the reports provided must be submitted to the Oklahoma Tax Commission (OTC) by February 28 of the succeeding calendar year except where indicated below. • Every remitter, required to withhold income tax from royalty payments made to nonresident royalty owners, shall provide this return together with either Forms 1099-MISC or Forms 500-A to the OTC by January 31 of the succeeding calendar year. Each person to whom such payment was made shall also be provided either Form 1099-MISC or Form 500-A by January 31. 68 Oklahoma Statutes (OS) Section 2385.26. • Every pass-through entity, required to withhold income tax from the Oklahoma share of income distributed to nonresident members, shall provide this return together with Forms 500-B to the OTC by the due date, including extensions, of the passthrough entity’s income tax return. Each person to whom such payment was made shall also be provided Form 500-B by such date. 68 O.S. Sec. 2385.30. Payments to be Reported When Paid to Residents All persons (individuals, trusts, estates, corporations and partnerships) acting as payor, and including lessees, mortgagors of real and personal property, employers, officers and employees of the state or any political subdivision thereof, should report the following payments when these payments amount to $750 or more in the calendar year: interest, rent, dividends, annuities, gambling winnings, or other fixed or determinable or periodical gains, profits or income. Production Payment Rules (resident • nonresident) The OTC requires the reporting of “production payments” made to individuals, corporations, partnerships, trusts or estates whether made to a resident or nonresident. For purposes of 68 OS Sec. 2369, pr

FAQs

Who is required to file Oklahoma Form 501?

All payors must report covered payments, including churches, charitable organizations, labor unions, lodges, school districts, government departments, cooperatives, and other tax-exempt organizations, among others.

What are the key due dates for submitting Form 501 and the accompanying reports?

Generally, Form 501 with the required reports must be submitted to the Oklahoma Tax Commission by February 28 of the succeeding calendar year. Exceptions include January 31 for certain withholding-related royalty reporting (with Forms 1099-MISC or 500-A) and other specified pass-through scenarios.

What payments must be reported when paid to residents?

Payments such as interest, rent, dividends, annuities, gambling winnings, and other fixed or determinable or periodical income must be reported when the total is $750 or more in the calendar year (with specific royalty reporting thresholds noted in the instructions).

Sep 19, 2026

Upload by James