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OTC Form BT-157 Cigarette Stamp and / or Unstamped Tobacco Products Tax Bond (Surety Bond Form) - Oklahoma
What Is OTC Form BT-157?
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 the OTC Form BT-157?
A: OTC Form BT-157 is the Cigarette Stamp and/or Unstamped Tobacco ProductsTax Bond in Oklahoma.
Q: What is the purpose of the OTC Form BT-157?
A: The purpose of the OTC Form BT-157 is to serve as a surety bond in Oklahoma for cigarette stamps and unstamped tobacco products tax.
Q: Who needs to file the OTC Form BT-157?
A: Any person engaged in the sale or distribution of cigarettes or unstamped tobacco products in Oklahoma needs to file the OTC Form BT-157.
Q: What does the OTC Form BT-157 bond guarantee?
A: The OTC Form BT-157 bond guarantees payment of all taxes, penalties, and interest imposed by the Oklahoma Tax Commission on the bondholder.
Q: How often do I need to file the OTC Form BT-157?
A: The OTC Form BT-157 needs to be filed annually.
Q: What happens if I do not file the OTC Form BT-157?
A: Failure to file the OTC Form BT-157 may result in penalties and other enforcement actions by the Oklahoma Tax Commission.
Q: Can I cancel the OTC Form BT-157 bond?
A: Yes, the OTC Form BT-157 bond can be cancelled as long as a written request is submitted to the Oklahoma Tax Commission.
Q: Is the OTC Form BT-157 bond refundable?
A: Yes, the OTC Form BT-157 bond may be refundable upon proper cancellation and compliance with all applicable laws and regulations.
Form Details:
- Released on November 1, 2013;
- The latest edition provided by the Oklahoma Tax Commission;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of OTC Form BT-157 by clicking the link below or browse more documents and templates provided by the Oklahoma Tax Commission.
