Oregon Corporation Excise Tax Form 20 Instructions - 2015 Page 19
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23Use Form 37 to:
Line 45. Amount of refund to be credited to estimated
tax.
• Calculate the amount of underpayment of estimated
tax;
You may elect to apply part or all of your refund to
• Compute the interest you owe on the underpayment;
your next estimated tax payment installment. Fill in the
or
amount you want to apply. Your election is irrevocable.
• Show you meet an exception to the payment of
We will apply the elected amount to the estimated tax
interest.
installment that next becomes due on or after the due
If you have an underpayment, include Form 37—with
date of your return (not including extensions) or the date
the “Form 37” box checked—with your tax return, and
the overpayment of tax was made, whichever is later. The
file them before the due date of the return.
amount will be credited as of the due date of your return
(not including extensions) or the date the overpayment
If your current year corporation tax liability, including the
of tax was made, whichever is later.
minimum tax, is less than $500, you don’t need to make
estimated payments. Don’t complete this form. However,
Schedule AF instructions
this provision doesn’t apply to a high-income taxpayer. A
If you file a consolidated Oregon return and have more
“high-income taxpayer” is one that had federal taxable
income before net operating loss and capital loss carry-
than one affiliate doing business in Oregon or with Ore-
overs and carrybacks of $1 million or more in any one of
gon-source income, you must complete Schedule AF and
the last three years, not including the current year.
submit it with your Oregon return.
Total due or refund
Schedule AF should list only those affiliates doing busi-
ness in Oregon, or with Oregon-source income, that are
Line 43. Total due. See “Filing checklist” for payment
included in the Oregon consolidated return.
options.
Please report the following on Schedule AF:
Special instructions
• Name and address of each affiliate doing business in
• If you owe penalty or interest and have an overpay-
Oregon or with Oregon-source income.
ment on line 38, and your overpayment is less than
• FEIN.
total penalty and interest, then fill in the result of line
• Date the affiliate became part of the unitary group if
42 minus line 38, on line 43.
this occurred during the tax year being reported.
• If you mail a check or money order to pay tax, penal-
• Date the affiliate left the unitary group if this occurred
ties, or interest separate from filing your tax return,
during the tax year being reported.
include Form 20-V. (Form 20-V must include a payment;
Include as many schedules as necessary to list all the
don’t send Form 20-V unless a check or money order is
appropriate corporations.
included.)
19
150-102-020-1 (Rev. 1-16)
Form 20 Instructions
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial