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 BT-164?
A: OTC Form BT-164 is the Mixed BeverageGross Receipts Tax Bond (Surety Bond Form) used in Oklahoma.
Q: What is the purpose of OTC Form BT-164?
A: The purpose of OTC Form BT-164 is to serve as a surety bond for the payment of the Mixed Beverage Gross Receipts Tax in Oklahoma.
Q: What is the Mixed Beverage Gross Receipts Tax?
A: The Mixed Beverage Gross Receipts Tax is a tax imposed on sales of mixed beverages (alcoholic drinks) in Oklahoma.
Q: Who needs to file OTC Form BT-164?
A: Any business in Oklahoma involved in the sale of mixed beverages needs to file OTC Form BT-164.
Q: What is a surety bond?
A: A surety bond is a guarantee by a bonding company that ensures the payment of taxes or other obligations by the bonded party.
Q: What happens if a business fails to pay the Mixed Beverage Gross Receipts Tax?
A: If a business fails to pay the tax, the bonding company will be liable to pay the outstanding amount to the tax authorities.
Q: How often does the surety bond need to be renewed?
A: The surety bond needs to be renewed annually.
Q: Can the surety bond be cancelled?
A: Yes, the surety bond can be cancelled, but the bonding company must provide written notice to both the business and the Oklahoma Tax Commission.
Form Details:
Download a fillable version of OTC Form BT-164 by clicking the link below or browse more documents and templates provided by the Oklahoma Tax Commission.