Form 574 Resident / Nonresident Allocation - Oklahoma

What Is Form 574?

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.

FAQ

Q: What is Form 574?
A: Form 574 is the Resident/Nonresident Allocation form for Oklahoma.

Q: Who needs to file Form 574?
A: Individuals who are residents of Oklahoma but have income from other states need to file Form 574 to allocate their income between Oklahoma and the other state(s).

Q: Is Form 574 only for residents?
A: No, Form 574 is also used by nonresidents who have income from Oklahoma and need to allocate it between Oklahoma and their home state.

Q: What is the purpose of Form 574?
A: The purpose of Form 574 is to determine the correct allocation of income for individuals who have income from multiple states, ensuring that taxes are paid appropriately.

Q: Can I file Form 574 electronically?
A: Yes, Form 574 can be filed electronically through the Oklahoma Taxpayer Access Point (OkTAP) system.

Q: What information is needed to complete Form 574?
A: To complete Form 574, you will need information about your total income, the income earned in Oklahoma, and the income earned in other states.

Q: When is the deadline to file Form 574?
A: The deadline to file Form 574 is the same as the deadline for filing your Oklahoma income tax return, which is typically April 15th.

Q: What happens if I don't file Form 574?
A: If you have income from both Oklahoma and another state and fail to file Form 574, your income may be incorrectly allocated, resulting in underpayment or overpayment of taxes.