- (a) For the purposes of assessing penalties set out for refusal or failure to file, the "reports" required by statute from persons making production payments means each record, containing the information concerning each individual recipient of payments.
- (b) The term "record" shall mean each document, if reported on Oklahoma Form 500-A, as amended, or Federal Form 1099, or each individual recipient, if reported on magnetic media or listed on a "computer listing".
- (c) The term "report" or "record" does not refer cumulatively to all payments made, if made to more than one single recipient. Furthermore, each corporation, if a part of a consolidated group, must separately report for purposes of this subsection, regardless of their filing status for Income Tax Returns.
Amended at 16 Ok Reg 2646, eff 6-25-99
Amended at 18 Ok Reg 2810, eff 6-25-01