Form 150-101-154 - Schedule Mnr - Multiple Nonresident Income Tax - 1998 Page 2
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1
2EXAMPLE FOR FILING A MULTIPLE NONRESIDENT RETURN
XYZ, Inc., a fictitious California S corporation, has a fiscal year end
Taxpayer “D” —
1
⁄
of $51,000 = $12,750
4
of March 31, 1998. XYZ, Inc.’s Oregon nonresident shareholders
Compute the tax using Oregon’s tax rate
elect to file a multiple nonresident return (MNR) by completing a 1998
chart for “married filing joint” ........................ $ 824.00
Form 40N and Schedule MNR.
Total Oregon tax for multiple
nonresident return ........................................ $1,810.00
XYZ, Inc.’s total federal taxable income from Schedule K is $400,000.
Credits allowed on individual returns (e.g. exemption credit or eld-
Using property, payroll and sales apportionment factors, the Oregon
erly or disabled credit) are not allowed on the multiple nonresident
apportionment percentage is determined to be 12.5 percent.
return. However, credits directly attributable to the entity may be
Charitable contributions of $5,000 and other states’ income taxes of
claimed.
$3,000 are not allowable deductions on the Oregon multiple
nonresident return and must be added back to determine Oregon
XYZ, Inc. has $400,000 of taxable income. Total California tax
modified taxable income.
after credits is $35,000. California and Oregon mutually tax $51,000
of XYZ, Inc. income. XYZ, Inc. will compute their Oregon credit
Oregon’s modified taxable income and Oregon source income are
for taxes paid to another state using the formula in OAR 150-
computed as follows:
316.082. The credit for taxes paid to another state is the lesser of
Federal taxable income................................... $ 400,000
the following:
Add back:
• $ 1,810 — Oregon tax liability, after all other credits,
Charitable contributions ..............................
5,000
based on mutually taxed income:
÷
$51,000) × $1,810 = $1,810
Other states’ income taxes .........................
3,000
(
)
($51,000
.
Oregon modified taxable income .................... $ 408,000
• $ 4,463 — Other states’ paid tax liability, after all other
× .1250
Apportionment percentage, 12.5% .................
credits, based on mutually taxed income:
÷
$400,000) × $35,000 = $4,463
(
)
($51,000
.
Oregon source income .................................... $ 51,000
• $35,000 — Income tax actually paid to the another state,
XYZ, Inc. has four equal shareholders. Shareholders “A” and “B” are
or
full-year Oregon residents. Shareholders “C” and “D” are nonresi-
• $ 1,810 — Oregon income tax liability after all other
dents. Neither “C” nor “D” have any other Oregon source income and
credits.
elect to participate in a multiple nonresident return. “C” is single and
“D” is married and files joint with her spouse. Oregon income tax is
Net tax after credits for XYZ, Inc.’s multiple nonresident return is
first computed on each individual participating in the multiple non-
computed as follows:
resident return and then added together.
Oregon income tax............................................. $ 1,810
Taxpayer “C” —
1
⁄
of $51,000 = $12,750
4
Less: Credit for taxes paid to another state ...... –1,810
Compute the tax using Oregon’s tax rate
Tax liability .......................................................... $ 0.00
chart for “single” ............................................ $ 986.00
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