Form 20-I - Oregon Corporation Income Tax Return - 2001 Page 2
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4Page 2—Form 20-I 2001
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1. Taxable income from U.S. corporation income tax return, Form 1120 (line 28) or 1120-A (Line 24) .............. 1
ADDITIONS
(see instructions, page 6)
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2. State, municipal, and other interest income not included in line 1 ............................... 2
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3.
.......... 3
Oregon excise tax, other state or foreign taxes on or measured by net income or profits
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4. Income of related FSC or DISC ................................................................................... 4
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5. Other additions. Attach schedule and explanation .................................................. 5
6. Total additions (add lines 2 through 5) ............................................................................................................ 6
7. Income after additions (line 1 plus line 6) ....................................................................................................... 7
SUBTRACTIONS
(see instructions, page 7)
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8. Work opportunity tax credit wages not deducted on federal Form 1120 or 1120-A ..... 8
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9. Interest on U.S. obligations and instrumentalities included in line 1 ............................ 9
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10. State of Oregon interest income included in line 2 .................................................... 10
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11. Dividend deduction. Attach schedule and explanation .......................................... 11
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12. Income of non-unitary corporations. Attach schedule and explanation ................. 12
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13. Other subtractions. Attach schedule and explanation ........................................... 13
14. Total subtractions (add lines 8 through 13) ................................................................................................... 14
15. Net income before apportionment
Carry amount on line 15 to Schedule AP-2, line 1 ... 15
(line 7 minus line 14).
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16. Oregon taxable income (from Schedule AP-2, line 11) ................................................................................. 16
17. Income tax (6.6% of line 16) ...................................................................................... 17
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18. Tax adjustment for interest on certain installment sales
...... 18
(see instructions, page 17)
19. Total tax (line 17 plus line 18) ....................................................................................................................... 19
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20. Tax adjustment for LIFO benefit recapture (see instructions, page 17) ........................................................ 20
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21. Net income tax* (line 19 minus line 20) ........................................................................................................ 21
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22. 2001 estimated tax payments from Schedule ES.
...... 22
Include payments made with extension (see instructions)
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23.
Tax Due.
Is line 21 more than line 22? If so, line 21 minus line 22 .............................................
Tax Due
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24.
Overpayment.
Is line 21 less than line 22? If so, line 22 minus line 21 .............................
Overpayment
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25. Penalty due with this return (see instructions, page 17) ............................................ 25
26. Interest due with this return (see instructions, page 17) ............................................ 26
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27. Interest on underpayment of estimated tax (see instructions). Attach Form 37 ....... 27
28. Total penalty and interest (add lines 25 through 27) ..................................................................................... 28
29.
Total due
(line 23 plus line 28) (see instructions, page 17) .......................................................
Total Due
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30.
Refund
available (line 24 minus line 28) ......................................................................................
Refund
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31. Amount of refund to be credited to 2002 estimated tax .........................................................
2002 Credit
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32.
Net Refund
(line 30 minus line 31) .......................................................................................
Net Refund
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*If the amount on line 21 is $500 or more, see the instructions for interest on underpayment of estimated tax, page 17.
SCHEDULE ES — ESTIMATED TAX PAYMENTS OR OTHER PREPAYMENTS
(see instructions)
Date of Payment
Voucher
Month
Day
Year
Amount Paid
1. Voucher 1
1
1
2. Voucher 2
2
2
3. Voucher 3
3
3
4. Voucher 4
4
4
5. Overpayment of last year’s tax elected as a credit against this year’s tax ................................................ 5
6. Payments made with extension or other prepayments for this tax year (date paid _____/_____/_____) ... 6
7. Claim of right tax credit (attach computation and explanation) .................................................................. 7
8. Total prepayments (carry to line 22) .......................................................................................................... 8
9. Last year’s net income tax ............................................................................. 9
Under penalties of false swearing, I declare that I have examined this return, including accompanying schedules and statements, and
to the best of my knowledge and belief it is true, correct, and complete. If prepared by a person other than taxpayer, this declaration
is based on all information of which the preparer has any knowledge.
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SIGN
Signature of officer
Date
Signature of preparer other than taxpayer
HERE
Title
Address
Mail refund returns and no tax due returns to:
Mail tax-to-pay returns to:
Refund, PO Box 14777, Salem OR 97309-0960
Oregon Department of Revenue, PO Box 14790, Salem OR 97309-0470
150-102-023 (Rev. 9-01) Web
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