Oregon Corporation Excise Tax Form 20 Instructions - 2015 Page 10
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23§ The excise tax return covers a period of less than 12
corporation’s name and FEIN. Note: Include a copy of
months; and
your federal return and schedules as filed with the IRS.
§ The short-period return is due to a qualified change
Question F. Check this box if this is an amended return
in accounting period per IRC §§441 to 444.
filed as a protective claim pending litigation.
Note: A short-period return doesn’t automatically con-
Question G. If the Oregon corporation is a subsidiary in
stitute a qualified change in accounting period. A tax-
an affiliated group, or a subsidiary in a parent-subsid-
payer that isn’t in existence for the entire year shouldn’t
iary controlled group, enter the name and FEIN of the
check this box. This includes subsidiaries that join or
parent corporation. For definition of a subsidiary in an
leave a consolidated filing group, and newly formed or
affiliated group or a parent-subsidiary controlled group,
dissolved corporations.
see IRS Form 1120, Schedule K.
If you file a short-period return due to a qualified
Question H. Enter the total number of corporations
change in accounting period and you’re subject to
doing business in Oregon that are included in this return.
the minimum tax, your minimum tax shall be appor-
tioned as follows:
Question M. Taxpayers primarily engaged in utilities
or telecommunications may elect to apportion income
Annualize Oregon sales by multiplying actual Oregon
using double-weighted sales factor formula [OAR 150-
sales by 12 and dividing by the number of months in
314.280(3)]. Check the box if making this election.
the short period. Use the minimum tax table in Appen-
dix B to determine minimum tax on annualized Ore-
Question N. Check this box only if you meet the defini-
gon sales.
tion provided in ORS 314.680: a taxpayer that engages in
the for-profit business of broadcasting to persons located
Apportion the minimum tax determined above by
both within and outside of this state and that for the tax
multiplying by the total number of months in the short
year is of a class or type of taxpayer that would properly
period and dividing by 12.
be subject to apportionment under ORS 314.680 to 314.690
• IC-DISC checkbox. If your corporation qualifies for
as in effect prior to June 6, 2014. If this box is checked,
special treatment, check this box (ORS 317.283). See
you must include a schedule for interstate broadcaster
“Special filing requirements” for more information.
apportionment. See “Special filing requirements.”
• Ag co-op checkbox. Check this box if your corpora-
Question O. Nonapportioned returns.
tion qualifies as an agricultural or horticultural coop-
Enter the amount of sales as defined by ORS 314.665.
erative and you’re determining Oregon sales for mini-
Generally, C corporations doing business only within
mum tax purposes differently than the Oregon sales
Oregon will calculate Oregon sales by adding:
reported on Schedule AP-1. See “Special filing require-
ments” for more information.
• Gross receipts from sales of inventory (less returns
and allowances), equipment, and other assets;
Questions
• Gross rent and lease payments received;
Questions A–C. Complete only if this is your first return
• Gross receipts from the performance of services;
or the answer changed during the tax year.
• Gross receipts from the sale, exchange, redemption,
or holding of intangible assets derived from the tax-
Question D. Refer to the current list of North American
payer’s primary business activity and included in the
Industry Classification System (NAICS) codes found
taxpayer’s business income; and
with your federal tax return instructions. Only enter the
• Net gain from the sale, exchange, or redemption of
code if this is your first return or the current code is dif-
intangible assets not derived from the taxpayer’s pri-
ferent than you reported for last year.
mary business activity but included in the taxpayer’s
Question E(1). If you checked the box, include a list of
business income.
the corporations included in the consolidated federal
Generally, for purposes of determining minimum tax,
return.
the calculation for Oregon sales includes gross business
Question E(2). If you checked the box, complete Sched-
income amounts from federal Form 1120, lines 1c and 5
ule AF, Schedule of Affiliates (page 3 of Forms 20, 20-I, and
through 10. Include positive numbers only.
20-INS), to list only the corporations included in the con-
solidated Oregon return that:
Line instructions
• Are doing business in Oregon; or
• Have income from Oregon sources.
Line 1. Taxable income from U.S. corporation income
tax return. Enter the taxable income reported for federal
Question E(3). If you checked the box, include a list of
income tax purposes before net operating loss or special
corporations included in the consolidated federal return
that aren’t included in this Oregon return. List each
deductions (federal Form 1120, line 28).
10
150-102-020-1 (Rev. 1-16)
Form 20 Instructions
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