Form P-2010 Draft - Combined Tax Return For Partnerships - 2010

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COMBINED TAX RETURN FOR PARTNERSHIPS
FORM
MULTNOMAH COUNTY BUSINESS INCOME TAX
CITY OF PORTLAND BUSINESS LICENSE TAX
P-2010
Taxable Year ____/____/____ to ____/____/____
th
th
DUE DATE:15
day of the 4
month following the taxable year end
(April 15, 2011 for calendar year filers)
Name/Mailing
Address:
Account #:
Amended Return?
Ceased Portland/Multnomah Business?
(attach explanation)
FEIN # _________________
b
Please
if address change:
Federal Business Code _________________
Please notify Bureau if your business location changes
Attach federal Form 1065 (also attach Form 8825 if applicable)
PARTNERSHIP
, LP
, LLC
, LLP
, JT. VENT./TENANTS-IN-COMMON
, OTHER
(Check one)
1. Ordinary Income or (Loss)
_____________________
2. Business Income Tax & Business License 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 2010
8. County Gross Income =
____________________________
=______________.______
Total Gross Income*
*If total gross income is less than $50,000, the taxpayer is exempt and should complete the Annual Exemption Request (Form AER).
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%) MINIMUM $100
____________________
13. Prepayments
(___________________)
14. Penalty
____________________
15. Interest
____________________
16. Balance Due or (Overpayment)
_____________________
17. Refund _______________ Credit _________________ Transfer to Portland ______________
City of Portland Business License Tax
Average Sum of Portland Employees in 2010
18. Portland Gross Income = ___________________________
=______________.______
Total Gross Income*
*If total gross income is less than $50,000, the taxpayer is exempt and should complete the Annual Exemption Request (Form AER).
19. Portland Apportioned Net Income (line 7 x line 18)
____________________
20. Net Operating Loss Deduction (max 75% of line 19)
(___________________)
21. Income Subject to Tax (line 19 minus line 20)
____________________
22. Tax (line 21 x rate of 2.2%) MINIMUM $100
____________________
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. 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 _______________________________________________________ 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
Draft (Rev. 10/25/10)

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