Okla. Admin. Code § 710:90-3-19

Current through Vol. 42, No. 3, October 15, 2024

Section 710:90-3-19 - Inactivating or closing an account

(a) An employer required to make an Oklahoma Withholding Tax Return pursuant to Oklahoma Statute or the provisions of this Chapter, who in any return period discontinues business or changes ownership, shall file such return as a final return. Each return filed as a final return shall be marked "Final Return".

(b) Accompanying each final return shall be a written statement furnishing the following information:

(1) The date of the last payment of wages;

(2) The address at which the required records will be kept;

(3) The name of the person keeping such records; and,

(4) If the business has been sold or otherwise transferred to another person, the name and address of such person and the date on which such sale or transfer occurred.

(c) An employer who remains in business, but who no longer has employees, or who has temporarily ceased to pay wages subject to withholding tax because of seasonal activities or for other reasons, shall not make a final return, but may make written request for status as that of an inactive employer. Such a request should include a description of the change in the business operation and a statement that no wages subject to withholding are being paid.

(d) It should be clearly understood that inactive status cannot be claimed until official permission from the Commission is received in writing. All returns or reports must be filed when due.

Okla. Admin. Code § 710:90-3-19

Amended at 16 Ok Reg 2674, eff 6-25-99