Forms 40, 40s, And Instructions; Schedule Wfc And Instructions - 2006 Page 5
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31Need more information? Download the publication
Were you stationed in a designated combat zone?
Military Personnel Filing Information from our website,
If you were stationed in a designated combat zone and
or to order it, see page 40.
receive additional time to file your 2006 federal return
and pay your 2006 tax, Oregon allows the same addi-
Filing for a deceased person
tional time to file and pay. Write “Combat zone” in
blue or black ink at the top of your return.
You must file a final return for a person who died dur-
ing the calendar year if a return would normally be
Penalties
required. See “Do I need to file?” on page 2. If a return
is filed, please check the “deceased” box on the return.
You will owe a 5 percent late-payment penalty on any
For more information, download Survivor’s Information
2006 tax not paid by April 16, 2007. See page 33.
from our website or contact us to order it.
If you file more than three months after the due date or
If you’re filing a return and claiming a refund for some-
extension due date, a 20 percent late-filing penalty will
one who is now deceased and there is no court-appointed
be added; so, you will owe a total penalty of 25 percent
or certified personal representative, file Form 243, Claim to
of any tax not paid.
Refund Due a Deceased Person, with the return. This allows
us to issue the refund check in your name. Download the
Exception: You do not have to pay a penalty if you do
form from our website, or contact us to order it.
all of the following:
1. Get an extension to file your return by the due date
When should I file my return?
of the return, and
2. Pay at least 90 percent of the tax due by April 16,
The filing deadline for calendar year 2006 is April 16,
2007, and
2007. If you cannot pay all of your tax by the due date,
3. Pay the balance of tax due when you file your return
file your return anyway to avoid a late-filing penalty.
by the extension deadline, and
Returns for other tax periods are due by the 15th day
4. Pay the interest on the balance of tax due when you
of the fourth month after the close of your tax year.
file or within 30 days of our billing date.
A 100 percent penalty is charged if you do not file a
What if I need more time to file?
return for three consecutive years by the due date of
the third year, including extensions. The penalty is 100
If you need more time to file, request an automatic six-
percent of the unpaid tax for each of the three years.
month extension. Complete an Oregon extension form,
Form 40-EXT, if:
Interest on underpayment
• You’re making a tax payment to Oregon and you
of estimated tax
can’t file your Oregon return by April 16, 2007, or
• You are filing an extension for Oregon only.
You may owe interest for underpaying your estimated
Extensions must be filed by the due date of the return,
tax if:
April 16, 2007.
• You owe $1,000 or more on your return after credits
If you received a federal six-month extension and are
and withholding, or
expecting an Oregon refund, do not use Form 40-EXT.
• You paid less than 90 percent of the tax due on each
Oregon will allow the same extension. Be sure to check
estimated tax payment due date.
box 7b on your Oregon return. Don’t attach a copy of
See the instructions for Form 40, line 51, on page 33.
your federal extension to your Oregon return. Keep a
copy of your federal extension with your records.
2007 estimated tax
If you need to complete Form 40-EXT, download it
from our website, or to order it, see page 40.
Estimated tax is the amount of tax you expect to owe
An extension does not mean more time to pay!
after credits and Oregon tax withheld when you file
your 2007 Oregon individual income tax return.
You must pay all tax you expect to owe when you file
your extension. If you do not pay all the tax due with
Oregon estimated tax laws are not the same as federal
estimated tax laws. Use Oregon instructions to determine
your extension, you will owe interest on the unpaid
balance after April 16, 2007, until the date of your pay-
if you need to make estimated tax payments for 2007.
ment. The 2007 interest rate is 9 percent per year. If the
Do I need to make estimated payments?
tax is not paid within 60 days of the date of our billing
notice, the interest rate increases to 13 percent per year.
In most cases, people who expect to owe $1,000 or more
on their 2007 Oregon income tax return after credits
You may also owe a late-payment penalty.
Or, visit our website at
General information
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