Form P-2005 - Combined Report Form For Partnerships - 2005
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1COMBINED REPORT FORM FOR PARTNERSHIPS
MULTNOMAH COUNTY BUSINESS INCOME TAX
Form
PORTLAND CITY BUSINESS LICENSE
Taxable Year ____/____/____ to ____/____/____
P-2005
th
th
DUE DATE: 15
day of the 4
month following the taxable year end
(April 17 for calendar year filers)
Name/Mailing Address:
Account #:
Amended return?
Final Return?
b
Please
if address change:
FEIN # ________________________
Please notify Bureau if your business location changes
Business Code ____________(see instructions)
PARTNERSHIP
, LP
, LLC
, LLP
, OTHER
(Check one)
Attach form 1065 and Schedule K
1. Ordinary Income or (Loss)
_________________________
2. Multnomah County Business Income Tax add back
_________________________
3. Schedule K (lines 2-3, 5-13) and Oregon modifications
_________________________
4. Owner’s compensation (# of partners_______)
_________________________
5. Adjusted Net Income (total lines 1,2,3 and 4)
_________________________
6. Compensation allowance deduction (see instructions)
(________________________)
7. Subject Net Income (line 5 minus line 6)
_____________________
Multnomah County Business Income Tax
8. County Gross Income =
= ___________.____
Total Gross Income
9. County Apportioned Net Income (line 7 x line 8)
____________________
10. Net Operating Loss Deduction (max 75% of line 9)
(___________________)
11. Income subject to tax (line 9 minus line 10)
____________________
12. Tax (line 11 x tax rate of 1.45%)
____________________
13. Prepayments
(___________________)
14. Penalty
____________________
15. Interest
____________________
16. Balance Due or (Overpayment)
_____________________
17. Refund _______________ Credit ____________ To Portland Underpayment_____________
City of Portland Business License Fee
Portland Gross Income
18.
=
= ___________.____
Total Gross Income
19. Portland Apportioned Net Income (line 7 x line 18)
____________________
20. Net Operating Loss Deduction (max 75% of line 19)
(___________________)
21. Income subject t o fee (line 19 minus line 20)
____________________
22
Fee (line 21 x rate of 2.2%) MINIMUM $100
____________________
.
Note: For 2005, temporary increase = 0%
a. Application Year Adjustment Fee (see instructions)
____________________
23. Prepayments (including Disconnected Youth Credit)
(___________________)
24. Penalty
____________________
25. Interest
____________________
26. Balance Due or (Overpayment)
_____________________
27. Refund _____________ Credit ______________ To Multnomah Underpayment_________________
28. Combined amount due with report (total lines 16 and 26)
__________________
Check #__________
Make check payable to City of Portland, 111 SW Columbia St. #600, Portland, OR 97201-5840.
The undersigned declares that the information given on this report is true. The undersigned is authorized to act as a representative of the filer.
Signature of Filer ____________________________________________________ Filer’s Daytime Telephone (
) ___________________________
Signature of Preparer ________________________________________________________________ Date ___________________________________
Preparer’s Name/Address __________________________________________________________ Telephone (
) ____________________________
Revenue Bureau (503) 823-5157
FAX (503) 823-5192
TDD (503) 823-6868
Rev. 12/29/05
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