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.