Form Tm - Self-Employment Tax - 2013 printable pdf download

2013 Tri-County Metropolitan Transportation District

Form TM and Instructions

TriMet Self-Employment Tax

These instructions aren't a complete statement of laws and rules that apply to the Tri-County Metropolitan

Transportation District self-employment tax. For more information, visit ,

on the left menu, go to Self-Employment Taxes, then click on Transit District Self-Employment Taxes.

New information

Who must file and pay this tax?

New tax rate: Beginning January 1, 2013, the tax rate has

Individuals

increased to 0.007137 (0.7137 percent).

Anyone who has self-employment earnings from business

New self-employment tax: Effective January 1, 2013, the

or service activities carried on in the TriMet District must

tax rate increased to 0.7137 percent ($7.137 per $1,000) of

pay this tax.

the net earnings from self-employment for services per-

People who must pay the self-employment tax include:

formed within the TriMet District boundary. Self-employed

individuals should use the new rate when first reporting

• Self-employed individuals, sole proprietors, independent

earnings for 2013.

contractors, members of a partnership, and persons who have

The 2003 Oregon Legislature provided TriMet with the

net self-employment earnings greater than $400 from doing

authority to increase the rate over 10 years to help pay for

business or providing services within the TriMet District.

new transit service throughout the region. The rate increases

• Real estate agents. Federal laws generally treat real estate

annually by 1/100 of a percent. This year the tax rate was

agents as self-employed. This includes those who provide

increased an additional 0.001095 percent due to the with-

services to real estate brokers under contract. This means

drawal of the Boring area from the TriMet District effective

that commissions on sales are subject to the TriMet self-

January 1, 2013.

employment tax.

• Fiscal year filers. If you are a fiscal year filer and your tax

Important reminders

year begins in 2013, you should file on a 2013 tax return.

TriMet (TM) now has its own payment voucher, Form TM-V.

Partnerships

Please include this voucher with your payment.

Partnerships are not subject to the TriMet self-employment tax.

If your partnership uses a fiscal year, you still must file on

a calendar year basis.

The individual self-employed members of the partnership

are responsible for filing and paying the tax. However, a

For tax years beginning on or after July 1, 2005:

partnership may choose to file one transit self-employment

Self-employment income is apportioned to Oregon using a 100

tax return and pay the tax for all of its individual partners.

percent sales factor unless you meet one of these exceptions.

See “Partnership election” instructions.

• A taxpayer primarily engaged in utilities or telecom-

Exemptions

munications may elect to use the double-weighted sales

factor formula.

• Ministers—Compensation received by a minister or mem-

ber of a religious order when performing religious services

What is the TriMet self-employment tax?

is not subject to this tax. However, compensation received

for performing religious services as an independent con-

The TriMet tax helps fund mass transportation in the TriMet

tractor has been and remains subject to this tax.

District. This tax is applied to self-employment earnings of

• Insurance agents—Applies only to insurance-related

individuals doing business or providing services in the dis-

income. Noninsurance-related self-employment activities

trict. This includes portions of Multnomah, Clackamas, and

are subject to this tax (ORS 731.840).

Washington counties. The Oregon Department of Revenue

• C and S corporation distributions are not subject to this

collects the tax for TriMet.

tax. However, all employers who pay wages for services

A list of ZIP codes included in the district boundary is on

performed in the district must pay a transit payroll tax.

page 4. For more information, call TriMet at 503-962-6466, or

This includes corporation officers who receive compensa-

visit

tion for services performed. For more information about

The tax rate is 0.007137 (0.7137 of 1 percent).

payroll transit tax, call 503-945-8091.

150-555-001 (Rev. 10-13) Draft 3 082913

Form Tm - Self-Employment Tax - 2013

Related Articles

Related forms

Related Categories