OTC Form 901-P Business Personal Property - Petroleum Related - Oklahoma

What Is OTC Form 901-P?

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 OTC Form 901-P?
A: OTC Form 901-P is a form used for reporting business personal property related to petroleum in Oklahoma.

Q: Who needs to fill out OTC Form 901-P?
A: Anyone who owns or operates a business that involves petroleum-related properties in Oklahoma needs to fill out OTC Form 901-P.

Q: What is considered business personal property related to petroleum?
A: Business personal property related to petroleum includes items like storage tanks, pipelines, refineries, and equipment used in the petroleum industry.

Q: What information is required on OTC Form 901-P?
A: OTC Form 901-P requires information such as the business owner's name and contact information, property description, cost and acquisition dates of the property, and assessment details.

Q: When is the deadline for filing OTC Form 901-P?
A: The deadline for filing OTC Form 901-P is March 15th of each year. However, the form may be available for filing as early as January 1st.

Q: Are there any penalties for not filing OTC Form 901-P?
A: Yes, there can be penalties for not filing OTC Form 901-P or for filing late. It is important to submit the form by the deadline to avoid any penalties.