Oklahoma Tax Commission Announces Extension for 2020 Income, 2021 First Quarter Estimated Tax Payments

The Oklahoma Tax Commission (OTC) March 10 announced an extension to June 15 from April 15 for taxpayers to pay their 2020 individual income, corporate income, and business income taxes and their first quarter 2021 estimated income tax payments. The OTC followed the announcement of the Internal Revenue Service that extended the deadline for all individuals who reside or own a business in all of Oklahoma’s 77 counties to provide relief for those affected by February’s historic winter storms. Due dates for sales and use, withholding, property, excise, and trust income taxes remain the same. [Okla. Tax Comm’n, Tax Comm’n ...