Form P-2014 Draft - Combined Tax Return For Partnerships
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1
2COMBINED TAX RETURN
FORM P-2014
FOR PARTNERSHIPS
Multnomah County
DUE DATE: 15th day of 4th
Business Income Tax
month after taxable year end
City of Portland
(Calendar Year Filers: 4/15/2015)
Business License Tax
TAXABLE YEAR
From:
to
ACCOUNT #
FEIN #
FEDERAL BUSINESS CODE
OFFICIAL USE ONLY
NAME
MAILING ADDRESS (Notify the Revenue Bureau if business location address changes)
STATE/PROV
ZIP CODE
CITY
SELECT PARTNERSHIP TYPE (Check one)
AMENDED RETURN?
CEASED PORTLAND/MULTNOMAH
PARTNERSHIP
LP
LLC
LLP
JOINT VENTURE/
OTHER
BUSINESS? (attach explanation)
MAILING ADDR CHANGE?
TENANT-IN-COMMON
(explain)
Multnomah County*
City of Portland*
ATTACH FEDERAL FORM 1065 (& FORM 8825 IF APPLICABLE)
1.
Ordinary Income or (Loss) ........................................................................
1M
1P
2.
Business Income Tax & Business License Tax Add Back .........................
2P
2M
3.
Schedule K (lines 2-3, 5-13) and Oregon modifications ............................
3P
3M
(# GPs: ______, # LPs w/comp paid: ______, Total paid to LPs: __________)
4.
Compensation
4P
4M
5.
Adjusted Net Income (total lines 1, 2, 3 and 4) ..........................................
5M
5P
Enter as negative sum
(
)
6.
Compensation Allowance Deduction (see instructions) ............................
(
)
6P
6M
7.
Subject Net Income (line 5 minus line 6) ..................................................
7P
7M
Multnomah County
Avg. Sum of Multnomah Employees in 2014:
8c = (8a ÷ 8b)
8.
County Gross Income
..........
8a.
8c
=
.
(must be 1.0 or less)
Total Gross Income*
8b.
* *If less than $50,000, the taxpayer is exempt and should complete Form AER
9.
County Apportioned Net Income (line 7M x line 8c) .................................
9
Enter as negative sum
10. Net Operating Loss Deduction (max 75% of line 9) ..................................
(
)
10
11. Income Subject to Tax (line 9 minus line 10) ............................................
11
12. Tax (line 11 x tax rate of 1.45%) MINIMUM $100 .....................................
12
Enter as negative sum
(
)
13. Prepayments .............................................................................................
13
14. Penalty ......................................................................................................
14
15. Interest ......................................................................................................
15
16. Balance Due or (Overpayment)
...............
— Allocate overpayment on line 17
16
17.
REFUND:
CREDIT:
TRANSFER TO PORTLAND:
City of Portland
Avg. Sum of Portland Employees in 2014:
18a.
18c = (18a ÷ 18b) (must be 1.0 or less)
18. Portland Gross Income
.........
18c
.
=
18b.
Total Gross Income*
*If less than $50,000, the taxpayer is exempt and should complete Form AER
19. Portland Apportioned Net Income (line 7P x line 18c) .......................................................................
19
Enter as negative sum
(
)
20. Net Operating Loss Deduction (max 75% of line 19) ...........................................................................
20
21. Income Subject to Tax (line 19 minus line 20) ....................................................................................
21
22. Tax (line 21 x tax rate of 2.2%) MINIMUM $100 .................................................................................
22
Enter as negative sum
(
)
23. Prepayments .......................................................................................................................................
23
24. Penalty ................................................................................................................................................
24
25. Interest ................................................................................................................................................
25
26. Balance Due or (Overpayment)
.........................................................
— Allocate overpayment on line 27
26
REFUND:
CREDIT:
TRANSFER TO MULT CO:
DONATE TO “WORK FOR ART”:
27.
COMBINED AMOUNT DUE WITH REPORT
28.
(total lines 16 and 26) Check #___________ ..........
28
Make check payable to City of Portland, 111 SW Columbia St., Suite #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. Filers of
incomplete returns (including returns that have not reported the Average Sum of Employees) may be subject to civil penalties of up to $500.
Signature of Filer
Date
Filer’s Daytime Phone
__________________________________________
__________________
(
)_______________
Signature of Preparer
Date
Filer’s Email
_______________________________________
__________________
___________________________
Preparer’s Name/Address
Preparer Phone
____________________________________________________________
(
)__________________
REVENUE BUREAU (503) 823-5157
FAX (503) 823-5192
TDD (503) 823-6868
* For lines 1 through 5 above, the same number will generally be entered in both columns.
P-2014 DRAFT 11/07/2014
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