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Form BT-161 Special Fuel Use Excise Tax Bond (Surety Bond Form) - Oklahoma
What Is Form BT-161?
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 Form BT-161?A: Form BT-161 is a Special Fuel Use Excise Tax Bond, also known as a Surety Bond Form.
Q: What is the purpose of Form BT-161?A: The purpose of Form BT-161 is to serve as a bond that guarantees payment of the special fuel use excise tax in the state of Oklahoma.
Q: Who is required to file Form BT-161?A: Anyone who is engaged in the business of selling, blending, or using special fuel in Oklahoma is required to file Form BT-161.
Q: What is a surety bond?A: A surety bond is a three-party agreement that ensures the obligations of one party (the principal) to another party (the obligee) will be fulfilled.
Q: What happens if the special fuel excise tax is not paid?A: If the special fuel excise tax is not paid, the surety bond can be used to cover the unpaid taxes.
Q: What information is required on Form BT-161?A: Form BT-161 requires information such as the name and address of the principal, the penal sum of the bond, and the effective dates of the bond.
Q: Can I electronically file Form BT-161?A: No, Form BT-161 cannot be electronically filed. It must be signed and mailed to the Oklahoma Tax Commission.
Form Details:
- Released on October 1, 2020;
- 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 Form BT-161 by clicking the link below or browse more documents and templates provided by the Oklahoma Tax Commission.
