Form Ltd And Instructions Draft - Self-Employment Tax

any partner’s exclusion was partially or completely used

Possible penalties may include:

on another 2011 Form LTD, include on line 4 only that part-

• 5 percent for failure to pay by the due date of the return.

ner’s unused amount of the $400 exclusion. Each partner

• 20 percent for failure to file the return within three months

is responsible for ensuring that the total of all exclusions

of the due date of the return.

does not exceed $400.

• 100 percent if you do not file three or more required

Do not include any partner with a loss.

returns by the due date of the third year's return.

Line 7. Prepayments. Fill in the amount of any advance pay-

Sign your return. Please sign and date your return before

ments you made for Lane Transit self-employment tax for

mailing.

this tax year.

LTD cities and ZIP codes

Line 8. Tax to pay. Include your check or money order pay-

able to the Oregon Department of Revenue. Write your

LTD serves the entire Eugene-Springfield urban area as well

daytime telephone number and “2011 Oregon Form LTD”

as several rural areas. For information on LTD boundar-

on your check. Staple your payment and the Form LTD-V

ies, call 541-682-6100 or access the Lane Transit website at

payment voucher to the top of your return. An expected

refund from your state income tax cannot be used to pay

your transit tax.

City

ZIP Code

City

ZIP Code

Line 9. Penalty and interest. For filing or paying late.

Blue River

97413

Goshen

97405

Coburg

97408

Jasper

97438

Due date. Form LTD is generally due the same day as your

Cottage Grove

97424

Junction City

97448

federal and Oregon income tax returns. For a calendar year

Creswell

97426

Lancaster

97448

return, this is April 17, 2012.

Dexter

97431

Leaburg

97489

Interest. If you are paying your tax after the due date,

Elmira

97437

Lowell

97452

include interest on any unpaid tax.

Eugene

97401

Maywood

97413

97402

McKenzie Bridge

97413

If you do not pay the tax by the due date, interest will be

97403

Pleasant Hill

97455

charged on the unpaid tax. Interest periods generally begin

97404

Springfield

97477

the day after the month the return is due. For 2011, all LTD

97405

97478

returns filing on a calendar year, are due on or before April

97408

Thurston

97482

17, 2012. The change is due to a Federal holiday. Interest is

97440

Trent

97431

figured daily for periods of less than a month. A month, for

Fall Creek

97438

Veneta

97487

example, is May 16 to June 15. Interest rates may change

Finn Rock

97488

Vida

97488

once a calendar year.

Walterville

97489

To calculate interest due:

Taxpayer assistance

• Tax × Annual interest rate × Number of full years.

• Tax × Monthly interest rate × Number of months.

Have questions? Need help?

• Tax × Daily interest rate × Number of days.

General tax information .........................

Interest rates and effective dates:

Salem ................................................................. 503-378-4988

For periods beginning

Annual

Monthly

Daily

Toll-free from an Oregon prefix ....................1-800-356-4222

January 1, 2009

0.50%

0.0164%

E-mail ............................................. tse.help.dor@state.or.us

January 1, 2010

0.4167%

0.0137%

This e-mail address is not secure and confidentiality cannot be

January 1, 2011

0.4167%

0.0137%

ensured.

January 1, 2012

0.4167%

0.0137%

Asistencia en español:

Interest accrues on any unpaid tax during an extension of

En Salem o fuera de Oregon .......................... 503-378-4988

time to file.

Gratis de prefijo de Oregon ........................ 1-800-356-4222

Additional interest on deficiencies and delinquencies.

TTY (hearing or speech impaired; machine only):

Interest will increase by one-third of 1 percent per month on

Salem area or outside Oregon ....................... 503-945-8617

unpaid tax. If the tax is not paid within 60 days of our bill,

Toll-free from an Oregon prefix .................. 1-800-886-7204

the interest rate increases by 4 percent per year.

Americans with Disabilities Act (ADA): Call one of the help

Penalty. Include a penalty payment if you:

numbers above for information in alternative formats.

• Mail your payment of tax due after the due date (even if

Lane Transit District boundary information

you have an extension), or

• File your return showing tax due after the due date,

Telephone ............................................................ 541-682-6100

including any extension.

Internet ............................

150-560-001 (Rev. 12-11)

Form Ltd And Instructions Draft - Self-Employment Tax - 2011 Page 4

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