This version of the form is not currently in use and is provided for reference only. Download this version of OTC Form 505 for the current year.
This is a legal form that was released by the Oklahoma Tax Commission - a government authority operating within Oklahoma. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form 505?
A: Form 505 is the Injured Spouse Claim and Allocation form.
Q: Who can use Form 505?
A: Form 505 is for residents of Oklahoma who are married filing jointly and want to protect their portion of a joint refund from being applied to their spouse's debts.
Q: What is the purpose of Form 505?
A: The purpose of Form 505 is to allocate the income, deductions, and credits on a joint tax return between the spouses.
Q: How does Form 505 protect the injured spouse?
A: Form 505 allows the injured spouse to claim their portion of a joint refund and prevent it from being offset or applied to their spouse's debts.
Q: How do I file Form 505?
A: You can file Form 505 along with your joint tax return or separately after filing the return.
Form Details:
Download a fillable version of OTC Form 505 by clicking the link below or browse more documents and templates provided by the Oklahoma Tax Commission.