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What To Expect If You Can’t Pay Your Oklahoma Income Tax On Time

Posted by Travis Watkins | Apr 09, 2017 | 0 Comments

You know how much you owe in Oklahoma income tax. No mistake has been made, and you have not been caught unaware. Instead, you simply don't have the money to pay your state income tax bill.

Know What Comes Next

You should still submit your state tax returns, even if you do not currently have the money to pay your Oklahoma income tax. If you have money to pay part of your tax liability, then you should include it with your return. Then you should expect:

  • To receive a bill for any unpaid Oklahoma income tax, interest on the unpaid taxes, and penalties for failure to pay on time. The bill will contain a minimum amount due.
  • To pay the minimum amount due, and then expect five additional bills to come to you (45 days apart) for the remaining tax liability.
  • If you cannot pay the minimum amount due, then you should contact the Oklahoma Tax Commission to work out an alternative payment plan before the OTC contacts you.

The penalty for not paying your taxes on time is 5% of your tax bill, and currently, interest will accrue on tax liability not paid by the original due date at the rate of 1.25% per month.

Call an Oklahoma City Tax Attorney for Help

It is important to stay ahead of your tax problems and to do what you can to resolve them quickly and favorably. For more information on accomplishing these goals, please call an experienced Oklahoma tax lawyer today at 800-721-7054 to schedule an initial consultation, and please read our FREE book,The Ultimate Survival Guide for IRS Problems.

About the Author

Travis Watkins

Your IRS Weapon® He is the principal and senior tax attorney at Travis Watkins Tax Resolution and Accounting Firm ("Watkins Tax") with offices in Dallas, Oklahoma City and Tulsa, OK. His firm is unique, as it devotes 100% of its practice to fixing IRS problems for select clients and keeping t...


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