Form 20-S - Oregon S Corporation Tax Return - 2002
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Form
Date received
OREGON
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20-S
2002
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S CORPORATION
Payment
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TAX RETURN
1
2
3
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Excise Tax
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(200)
Name change
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or Fiscal Year
Mo
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Day
/
Year
Mo
/
Day
/
Year
If you filed a return in 2001,
Income Tax
02
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indicate if you had a:
Address change
Beginning:
Ending:
(202)
Name
Federal identification number
Oregon business identification number
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Mailing address
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An extension is attached
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Form 37 is attached
City
State
ZIP Code
Internet address
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This is an amended return
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Form 24 is attached
Telephone number
Contact person
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(
)
Worksheet FCG-20 is attached
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Complete A through D only if this is your first return or the answer
G. If this is your first return, indicate whether:
New business,
changed during 2002.
or
Successor to previously existing business. Enter name,
federal employer identification number, and BIN of previous
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A. Incorporated in _____________ (state), on ____________ (date)
business: ____________________________________________
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B. State of commercial domicile _____________________________
____________________________________________________
____________________________________________________
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C. Date business activity began in Oregon ____________________
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H. If this is your final return, indicate whether:
Withdrawn,
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D. Business Activity Code from federal return __________________
Dissolved,
Merged or reorganized. Enter name, federal
employer identification number, and BIN of merged or reorganized
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E. List the tax years for which federal waivers of the statute of
corporation: __________________________________________
limitations are in effect and dates on which waivers expire:
____________________________________________________
___________________________________________________
____________________________________________________
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F. List the tax years for which your federal taxable income was
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I. If you didn’t complete Schedule AP, enter gross receipts from
changed by an IRS audit, or by an amended federal return filed
federal Form 1120S, line 1a: $ ___________________________
during this tax year: ___________________________________.
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J. Enter the amount from federal Form 1120S, line 21: $ _________
Send a copy of the IRS report or the amended return under
____________________________________________________
separate cover, if not furnished previously.
S CORPORATIONS WITHOUT FEDERAL TAXABLE INCOME—start on line 7.
S corporations with federal income from built-in gains, capital gains, or net passive investment income—start on line 1.
S corporations with federal taxable income or LIFO benefit recapture—see instructions.
1. Income taxed on federal Form 1120S from:
(a) Built-in gains ___________________________________,
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(b) Excess net passive income _________________________________ ....................................
Total
1
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2. Additions (see instructions) ........................................................................................................................ 2
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3. Subtractions (see instructions) ................................................................................................................... 3
4. S corporation income before net loss deduction (line 1 plus line 2, minus line 3) ..................................... 4
If income is derived from sources both in Oregon and other states, carry amount on line 4 to line 1,
Schedule AP-2, and skip line 5 below.
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5. Net loss from prior years as C corporation. Attach schedule
(deductible from built-in gain income only)
... 5
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6. Oregon taxable income (line 4 minus line 5 or amount from Schedule AP-2, line 11) ............................... 6
7.
Tax (6.6 percent of line 6) (excise tax returns, $10 minimum tax)
......................... 7
8. Tax adjustment for interest on certain installment sales and tax on certain
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capital gains from sale of farm assets (see instructions) ........................................ 8
9. Total tax (line 7 plus line 8) ........................................................................................................................ 9
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10. Credits against tax (attach schedule) (see instructions) ........................................................................ 10
11. Tax after credits (line 9 minus line 10) (excise tax not less than $10) .................................................... 11
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12. Tax adjustment for LIFO benefit recapture (see instructions) .................................................................. 12
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13. Net tax* (line 11 plus line 12) (excise tax not less than $10) ................................................................. 13
*If the amount on line 13 is $500 or more, see the instructions for interest on underpayment of estimated tax.
PLEASE ATTACH A COMPLETE COPY OF YOUR FEDERAL FORM 1120-S AND SCHEDULES, INCLUDING ALL K-1s
Now go to the back of this form
150-102-025 (Rev. 1-03) Web
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