Looking for a Oregon Tax Forms And Templates? Download it for free!

COMBINED REPORT FORM FOR PARTNERSHIPS

FORM

MULTNOMAH COUNTY BUSINESS INCOME TAX

CITY OF PORTLAND BUSINESS LICENSE

P-2007

Taxable Year ____/____/____ to ____/____/____

DUE DATE:15

day of the 4

month following the taxable year end

(April 15 for calendar year filers)

Name/Mailing Address:

Account #:

Amended Return?

Ceased Multnomah/Portland Business?

(attach explanation)

FEIN # _________________

Please

if address change:

Federal Business Code _________________

Please notify Bureau if your business location changes

Attach Federal Form 1065 including Schedule K

PARTNERSHIP

, LP

, LLC

, LLP

, JT. VENT./TENANTS-IN-COMMON

, OTHER

(Check one)

Multnomah County Tax

City of Portland License

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

Average Sum of Multnomah Employees in 2007

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 _________________ Transfer to Portland ______________

City of Portland Business License Fee

Average Sum of Portland Employees in 2007

18. Portland Gross Income = ____________________________ =______________.______

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 to Fee (line 19 minus line 20)

____________________

22. Fee (line 21 x rate of 2.2%) MINIMUM $100

____________________

a. Application Year Adjustment Fee (see instructions)

____________________

b. Temporary Rate Increase (line 21 x .1% or .001)

____________________

23. Prepayments

(___________________)

24. Penalty

____________________

25. Interest

____________________

26. Balance Due or (Overpayment)

_____________________

27. Refund _______________ Credit ________________ Transfer to Multnomah _____________

Donation to “Work for Art” Program

_____________________

28. Combined Amount Due with Report (total lines 16 and 26) Check # ____________

_____________________

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.

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. 10/18/07 (DRAFT)

Form P-2007 - Combined Report Form For Partnerships Multnomah County Business Income Tax

Related Articles

Related forms

Related Categories