What is the purpose of the Oklahoma Quarterly Contribution Report form?
The Oklahoma Quarterly Contribution Report form is used by employers to report wages paid to employees and to calculate contributions owed for unemployment insurance. This report helps ensure that funds are available for unemployment benefits for eligible workers in Oklahoma.
How do I fill out the report correctly?
To fill out the report, start by entering the employee's Social Security number, last name, and first name. Then, list the total wages and taxable wages paid. Make sure to include the contribution rate for the quarter and calculate the contributions due based on the taxable wages. Double-check all entries for accuracy before submitting the form.
What happens if I miss the due date for submitting the report?
If the report is not submitted by the due date, interest and penalties may apply. Interest is charged at a rate of 1% per month after the due date. Additionally, a 10% penalty may be assessed on the contributions due. It is important to submit the report on time to avoid these extra costs.
Where do I send the completed report?
The completed Oklahoma Quarterly Contribution Report should be mailed to the Oklahoma Employment Security Commission at P.O. Box 52004, Oklahoma City, OK 73152-2004. Ensure that the report is not stapled and that copies are not submitted.
Can I obtain additional sheets if needed?
Yes, if you need more space to report employee information, you can obtain scannable "Continuation Sheets" from the Oklahoma Employment Security Commission's website. It is recommended to have these sheets ready before you start filling out the report.