This version of the form is not currently in use and is provided for reference only. Download this version of OTC Form 924 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 OTC Form 924?
A: OTC Form 924 is the Individual Personal Property form used in Oklahoma.
Q: What is Individual Personal Property?
A: Individual Personal Property refers to tangible property owned by individuals such as furniture, vehicles, and equipment.
Q: Who needs to file OTC Form 924?
A: Anyone who owns taxable personal property in Oklahoma is required to file OTC Form 924.
Q: When should OTC Form 924 be filed?
A: OTC Form 924 should be filed every year by March 15th.
Q: What information is required on OTC Form 924?
A: OTC Form 924 requires information about the taxpayer, a description of the property, and its estimated value.
Q: How is the value of personal property determined?
A: The value of personal property is determined based on its market value as of January 1st of each year.
Q: Are there any exemptions or deductions for personal property?
A: Yes, there are certain exemptions and deductions available for personal property, such as the homestead exemption or business inventory exemption.
Q: What are the consequences of not filing OTC Form 924?
A: Failure to file OTC Form 924 may result in penalties and interest charges.
Form Details:
Download a fillable version of OTC Form 924 by clicking the link below or browse more documents and templates provided by the Oklahoma Tax Commission.