Form 65 - Oregon Partnership Return Of Income

Form

OREGON PARTNERSHIP

2003

RETURN OF INCOME

For Office Use Only

Date Received

For calendar year 2003 or fiscal year ending: _____________

• Please type or print clearly and answer all the questions below. No payment is due with this return.

Name of Partnership

Federal Employer Identification Number

Street Address

Oregon Business Identification Number

City

State

ZIP Code

Date Activities Started In Oregon

Check if Form 24 is attached

Type of entity:

Partnership

Limited Liability Company

Limited Partnership

Limited Liability Partnership

Electing Large Partnership

1. Requirement to file Oregon partnership return.

Yes

A. Does the partnership have income derived from sources in Oregon? .........................................................

B. Does the partnership have Oregon resident partners? ................................................................................

If you answered yes to A or B, you must file an Oregon partnership return. Attach a complete copy of your

federal partnership return to this return. See question 2 to see if you need to include federal Schedule K-1s.

2. Attaching copies of partners’ federal Schedule K-1s.

Attach a copy of each partner’s federal K-1 if the partnership has 10 or less partners. If the partner-

ship had more than 10 partners, you must attach a summary of partner information. The summary

must include each partner’s name, Social Security or federal employer identification number,

address, and profit/loss sharing percentage. Also, answer the following:

A. Did the partner’s profit/loss sharing percentages change during the year? .................................................

B. Were the Oregon modifications not divided according to each partner’s profit sharing percentage? .........

If you answered yes to A or B and had 10 or less partners, you must attach a summary of partner information.

3. Prior year return and final return.

A. Was a 2002 Oregon partnership return filed? ..............................................................................................

If no, give the reason: ________________________________________________________________

If filed using a different name, give the name it was filed under: ________________________________

B. Is this the final return for the partnership? ....................................................................................................

If yes, attach a schedule showing disposition and distribution of all partnership assets and liabilities.

Show each asset’s adjusted basis and fair market value.

4. Changes to a prior year partnership return during this tax year.

A. Did an IRS audit change a prior year return during the 2003 tax year? .......................................................

B. Was an amended federal return filed for a prior year? .................................................................................

If you answered yes to A or B, what tax year(s) were changed? ______________________. Send us a copy

of the federal revenue agent’s report or the amended return separately from this return if not previously sent.

5. Business inside and outside of Oregon with out-of-state partners.

A. Did the partnership have business activity both inside and outside of Oregon during the year? .................

B. Did the partnership have any partners who were not Oregon residents during the year? ...........................

If you answered yes to both A and B, use Oregon Schedule AP, Apportionment of Income, to figure your

Oregon source income. Attach the schedule to this return. See page 2 of the instructions to order forms.

6. Oregon tax credits.

Are any partners eligible for Oregon tax credits based on costs the partnership paid or incurred? .................

If yes, identify the tax credits: _____________________________________________________________

150-101-065 (Rev. 12-03)

Continued on the back of this form

Form 65 - Oregon Partnership Return Of Income - 2003

Related Articles

Related forms

Related Categories