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Delaware and Hawaii allowed their taxes to expire after Congress repealed the credit for state estate taxes, but reenacted the taxes in 2010. Exemption amounts under the state estate taxes vary, ranging from the federal estate tax exemption amount or $5.34 million, indexed for inflation (two states) to $675,000 (New Jersey).
The current State gross production tax takes the form of an excise tax, with the amount of the tax based upon the sale price of oil and natural gas. Gross Production taxes are the fourth largest source of revenue for the State government, accounting for approximately 6% of total state revenue.
Transfer taxes. Form 706, U.S. Estate Tax Return; Form 709, U.S. Gift (and Generation-Skipping Transfer) Tax Return; Statutory excise taxes. Form 720, Quarterly Federal Excise Tax Return; Form 2290, Heavy Vehicle Use Tax Return; Form 5330, Return of Excise Taxes Related to Employee Benefit Plans; Employment (payroll) taxes
Oklahoma state income taxpayers will fill out Form 511, which can be found online at Oklahoma's Taxpayer Access Point. The Access Point website offers taxpayers the ability to track their refund ...
Tax returns for federal and Oklahoma state income taxes are due April 15. To file for an extension, taxpayers can fill out Form 4868 by April 15, giving you six more months to complete your tax ...
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