Instructions For Form 40x (Page 3 of 4) in pdf

Example: You receive a federal tax refund in 2003 for amend-

15. Oregon income tax withheld. If you’re correcting the

ing your 2001 income tax return. Report the refund as an

amount of state tax withheld from your wages, you must

addition on your 2003 return. If you have already ﬁ led a 2003

attach a copy of additional or corrected W-2 or 1099 forms.

return, the year in which the federal refund was re ceived, you

16. Working family child care credit. If you are changing the

may need to amend that return.

amount of your working family child care credit for tax year

Use this worksheet to de ter mine the tax beneﬁ t received and

2003 or later, you must attach a copy of the corrected Schedule

the amount to in clude in Oregon income.

WFC.

1. Enter the federal tax you

17. Estimated tax payments. Fill in the amount of es ti mat ed

paid on your original return.....................1. ____________

tax payments credited to your orig i nal return.

2. Enter federal tax subtraction limit

18. Amount paid. Fill in the amount of all in come tax ac-

for the year you are amending.................2. ____________

tu al ly paid on your original Or e gon re turn. In clude pay ments

3. Line 1 minus line 2. (Enter -0-

made for any additional tax adjustments to your re turn. Don’t

if line 2 is greater than line 1) ...................3. ____________

in clude payments for any penalty and in ter est. Don’t in clude

4. Enter the refund of the prior

payments for interest on un der pay ment of es ti mat ed tax.

year’s federal tax........................................ 4. ___________

20. Income tax refunds. Fill in the amount of any refund you

5. Is line 3 greater than line 4? If so,

received (or expect to receive) from your original Oregon

stop here; enter -0- here and on

Form 40 or 40S. Include refunds received from the working

Form 40X, line 2, column B........................5. ___________

family credit, the state kicker, or a previous adjustment. Do

6. Is line 4 greater than line 3? If so, line

not reduce your refund by the amounts you:

4 minus line 3. Enter the result here

and on Form 40X, line 2, column B ..........6. ___________

• Contributed to charitable funds claimed on the return, or

• Applied to the next year’s estimated tax, or

5. Deductions. Fill in your standard deduction or net item ized

• Contributed to the State School Fund.

deductions on this line. A change in your ﬁ ling status may

change the amount of your standard deduction.

Any refund due from your original return may be mailed

separately. By law, the Department of Revenue cannot is sue

If you’re amending your net itemized deductions, ﬁ ll in the

refunds or apply amounts of less than $1.

amount of change in column B.

6. Oregon taxable income. Add lines 1 and 2. Subtract from

Refund or balance due

that total the sum of lines 3, 4, and 5. This amount is your

23. Amount of line 22 you want applied to your next year’s

Or e gon taxable income.

estimated tax. If your refund on line 22 is $1 or more, you may

apply part or all of it to your Oregon estimated tax account.

Tax and credits

Fill in the tax year and the amount you want to apply.

7. Tax. Use the taxable income shown on line 6, column C, to

24. Net refund. You must reduce your refund by any amounts

ﬁ gure your tax. Be sure you use the tax tables or tax rate charts

applied to your estimated tax on line 23. If you paid the tax

in the instructions for the year you’re amending. The rates

on your original return with a credit card, a refund check will

may change from year to year. If you used Form FIA-40, or

not be issued. You will receive a credit on your credit card

worksheet FCG to calculate your original tax, use these forms

statement. Note: Interest on underpayment of estimated tax

or worksheet to calculate your amended tax. To order forms

for a prior year is not refundable. Do not in clude it as part of

or worksheets, see page 4.

your refund. Any refund will be mailed to you. Direct deposit

10. Exemption credit. Multiply your allowable exemptions by

is not available on amended returns.

the correct amount for the year you are amending.

26. Interest on additional tax to pay. See below for “How to

If you are changing the number of exemptions on your

ﬁ gure your interest.”

amend ed return, explain the difference in the explanation

section of Form 40X. Include the name, Social Security num-

Explanation

ber, and relationship of any additional dependent you are

28. Explanation. Identify and provide a complete ex pla na tion

claiming.

of all amended items. Indicate the line number from Form 40X

11. Other credits. If you are changing the amount of other

for each change. If your ﬁ ling status changed (for ex am ple,

credits, identify each credit and the new amount in the

from single to head of household), explain why.

explanation section of Form 40X. Include the working family

child care credit here only if you are amending tax year 2002

Authorization box

or prior. Otherwise, see line 16.

Check the box if you wish to authorize the Department of

12. Net income tax. If the total credits on line 12 are more than

Revenue to contact your preparer about the initial process-

the amount on line 9, your net income tax is -0-.

ing of your amended return. Please provide your preparer’s

telephone number.

Payments

How to ﬁ gure your interest

14. Kicker refund. The surplus amount was 14.37 percent

in 1996, 4.57 percent in 1998, and 6.016 percent in 2000. The

Do you need to pay additional tax with your amended re turn?

kicker refund must be adjusted if there is a change in net

If so, you must include interest with your pay ment. To avoid

income tax liability on line 13. Multiply the amounts on line

pay ing an additional 5 percent penalty, you must pay the tax

13, column A and column C, by the percentage for the year

and interest in full with your amended re turn, or with in 30

you are amending.

days after you re ceive a bill ing no tice from the department.

Instructions For Form 40x Page 3

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