Form Tm - Self-Employment Tax - 2013 (Page 2 of 5) in pdf

Can I file my transit self-employment tax return

How to file

electronically?

Complete Form TM, TriMet Self-Employment Tax Return and

No. File your transit return by mail. Make a copy for your

include the following:

records, and mail your return to the Oregon Department

of Revenue address printed at the bottom of the tax return.

• Federal Schedule SE.

• Form TSE-AP if you are apportioning.

Can I file an amended transit self-employment tax return?

Make your check or money order payable to "Oregon

Yes. File an amended transit return any time you need to

Department of Revenue."

correct your return as originally filed. Generally, you are

On your check, write the following:

allowed three years from the due date of the return or

the date the return was filed, whichever is later, to file an

• Daytime telephone number.

amended return to claim a refund. Check the “This is an

• Tax year.

amended return” box on your transit return.

• "Form TM."

• SSN or FEIN.

What if business is done both inside and outside of the

district?

Mail to: TMSE

Oregon Department of Revenue

Use an apportionment formula by completing Form TSE-AP.

PO Box 14003

Self-employment income is apportioned using a 100 percent

Salem OR 97309-2502

sales factor unless you are a qualifying taxpayer in utilities

or telecommunications. A taxpayer primarily engaged in

Important filing information

utilities or telecommunications may elect to use the double-

weighted sales factor formula.

• Do not combine your TriMet self-employment tax pay-

ment with any other tax payment made to the Oregon

What if I’m audited by the IRS?

Department of Revenue.

• Do not attach your Form TM to your Oregon income tax

If changes are made that affect your self-employment earn-

ings, file an amended return to report and pay any additional

return.

tax due. If the change reduces your transit tax, you have two

• Mail your transit return to the Oregon Department of

years from the date of the audit report to claim a refund.

Revenue.

See more FAQs at , on the

File one TriMet Self-Employment Tax Return for all of your

left menu, go to Business FAQs, then click on Transit District

self-employment earnings.

Self-Employment Taxes.

To avoid penalty and interest, file your return and pay your

tax by the due date.

When to file

Frequently asked questions

Your TriMet return is generally due the same day as your

federal and Oregon individual income tax returns. For most

I have more than one business. How should I file my

taxpayers, the 2013 due date is April 15, 2014. Fiscal year

returns are due the 15th day of the fourth month after the end

TriMet return?

of the fiscal year. When the due date falls on a Saturday, Sun-

File one return. If you have separate business activities,

day, or legal holiday, the due date will be the next business day.

attach a schedule that shows net earnings or losses for each

separate business. Compute the TriMet self-employment

Extensions to file

income separately for each business. See instructions

for line 1.

If you received a federal extension or an extension to file

your federal or Oregon individual income tax return, it will

Can I file a joint return?

also extend your TriMet Self-Employment Tax Return. Check

No. Each taxpayer having self-employment earnings must

the “An extension has been filed” box on your Form TM. Do

file a separate Form TM. That’s true even if you and your

not include your extension, but retain with your records.

spouse filed a joint federal income tax return. The only

Extensions are for more time to file a tax ret ur n

exception is a partnership filing for all partners. Both

only. There are no extensions for paying tax. If you

spouses could be members of the same partnership.

have an extension, you must make your payment by

the original due date of the return to avoid a penalty

I’m getting a refund on my Oregon individual income

and interest charge. Complete Form TM-V and send

tax return. Can I have that refund applied to this tax?

it with your payment of tax. Form TM-V is available at

No. We cannot apply any income tax refund to pay your

, on the left menu, go to Forms,

TriMet self-employment tax.

then click on Transit (TriMet and LTD) or see “Taxpayer assis-

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

Form Tm - Self-Employment Tax - 2013 Page 2

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