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

Interest on income tax is ﬁ gured from the day after the due

The current interest rate is 5 percent per year. Interest is ﬁ g-

date of your original return up to the date your payment is

ured daily for a fraction of a month.

received.

Example: Dianna ﬁ les an amended return for tax year 2000

An interest period is each full month starting with the day

on March 24, 2004. She pays additional tax of $500 with her

after the due date of the original return. Generally, the due

amend ed return. The following shows how she ﬁ gures her

date for income tax returns is April 15.

interest:

Interest rates on tax you owe

Apr 17, 2001–Feb 16, 2002 = 10 mos. x .008333 x $500 = 41.67

Percentage Rates

Feb 17, 2002–Feb 16, 2003 = 12 mos. x .006667 x $500 = 40.00

Interest Period

Annual

Monthly

Daily

Feb 17, 2003–Jan 16, 2004 = 11 mos. x .005833 x $500 = 32.08

January 16, 1995 to

Jan 17, 2004–Mar 16, 2004 = 2 mos. x .00500 x $500 = 5.00

January 15, 1999

10%

.8333% (.008333)

.0274% (.000274)

Mar 17, 2004–Mar 24, 2004 = 8 days x .000164 x $500 =

.66

January 16, 1999 to

Total interest due $119.41

January 15, 2001

.7500% (.007500)

.0247% (.000247)

January 16, 2001 to

Attachments to Form 40X

February 15, 2002

10%

.8333% (.008333)

.0274% (.000274)

• A copy of your federal and/or other state’s amended return.

February 16, 2002 to

February 15, 2003

.6667% (.006667)

.0219% (.000219)

• A copy of your federal audit report and/or other state audit

report if your amended return is due to an audit.

February 16, 2003 to

January 15, 2004

.5833% (.005833)

.0192% (.000192)

• W-2s or 1099s if you are correcting income or Oregon

January 16, 2004 to

withholding.

January 17, 2005

.5000% (.00500)

.0164% (.000164)

• Schedule WFC, Form FIA-40, and Schedule Z, if applicable.

January 18, 2005 to

Note: Do not attach a copy of your original Oregon return.

Present

.4167% (.004167)

.0137% (.000137)

Taxpayer assistance

Telephone

503-378-4988

Salem ..............................................................

Internet

........................... 1-800-356-4222

Toll-free within Or e gon

If you have a touch-tone telephone, call our 24-hour voice

The Department of Rev e nue Web site is a

response sys tem at one of the numbers above to:

quick and easy way to download forms

• Hear re cord ed tax information

and publications, get up-to-the-minute

• Order tax forms.

tax in for ma tion, and learn about electronic

• Check on the sta tus of your 2004

ﬁ ling.

personal in come tax re fund

Correspondence

(beginning February 1).

For help from Tax Services, call one of the numbers above:

Write to: Oregon Department of Revenue, 955

Cen ter St NE, Sa lem OR 97301-2555. Include

Monday, Tuesday, Thursday, Friday ................... 7:30 a.m.–5:10 p.m .

your So cial Se cu ri ty num ber and a day time tele-

Wednesday.............................................................10:00 a.m.–5:10 p.m.

phone num ber for fast er service.

Closed on holidays.

April 1–April 15, Monday–Friday ...................... 7:00 a.m.–9:00 p.m.

Field ofﬁ ces

Wait times may vary.

Get forms and assistance at these ofﬁ ces. Don’t send your

TTY (hear ing or speech impaired; machine only): 503-945-

return to these ad dress es.

8617 (Salem) or 1-800-886-7204 (toll-free within Oregon).

Bend 951 SW Simpson Avenue, Suite 100

Americans with Disabilities Act (ADA). This in for ma tion is

Eugene 1600 Valley River Drive, Suite 310

avail able in alternative formats. Call 503-378-4988 (Sa lem) or

Gresham 1550 NW Eastman Parkway, Suite 220

1-800-356-4222 (toll-free within Oregon).

Medford 24 West 6th Street

Newport 119 NE 4th Street, Suite 4

Asistencia en español. Llame al 503-945-8618 en Salem o

North Bend 3030 Broadway

llame gratis al 1-800-356-4222 en Oregon.

Pendleton 700 SE Emigrant Ave, Suite 310

Portland* Federal Building Lobby, 1220 SW Third Avenue

To get forms

Portland 800 NE Oregon Street, Suite 505

Income tax booklets are available at many post of fic es,

Salem Revenue Building, 955 Center Street NE, Room 135

banks, and libraries. For book lets and other forms and pub li -

Salem 4275 Com mer cial Street SE, Suite 180

ca tions, you can also access our Web site, order by tele phone,

Tualatin 6405 SW Rosewood Street, Suite A

or write to: Forms, Or e gon Department of Revenue, PO Box

* February 1–April 1: Monday, Wednesday, and Friday, 10 a.m.– 3 p.m.

14999, Salem OR 97309-0990.

April 4–April 15: Mon day through Fri day, 9 a.m. –4 p.m.

Instructions For Form 40x Page 4

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