Form 150-101-164 - Schedule Or-Fia-Comp - Oregon Farm Income Averaging Computation Of Tax - 2016 Page 4

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2016 Schedule OR-FIA-COMP

Page 4 of 4, 150-101-164 (Rev. 12-16)

Oregon Department of Revenue

18471601040000

Computation for tax year 2015

Computation A. Complete if you filed Form 40N for tax year 2015.

Federal column

Oregon column

1 If you used Form FIA-40N to figure your tax for 2015,

enter the amounts from your 2015 Form FIA-40N, lines

3a and 3b. Otherwise, enter the amount shown on your

2015 Form 40N, lines 38F and 38S (if -0- or less,

.00

see instructions)......................................................................... 1a

2 Enter amount from 2016 Form OR-FIA-40, line 6; Form

.00

OR-FIA-40-N, line 10; or Form OR-FIA-40-P, line 9 ................. 2a

.00

3 Add lines 1 and 2 in both the federal and Oregon columns ...... 3a

4 Recompute the Oregon percentage. Divide line 3b by

line 3a (not more than 100.0%) ................................................. 4

5 Enter deductions and modifications from line 4 of the

.00

worksheet for your 2015 Oregon Form 40N, line 47 ............................................................................... 5

6 Multiply the amount on line 5 by the recomputed Oregon

.00

percentage on line 4 ................................................................................................................................ 6

.00

7 Enter the amount from your 2015 Oregon Form 40N, line 48 ................................................................. 7

.00

8 Add lines 6 and 7 ..................................................................................................................................... 8

.00

9 Line 3b minus line 8. Enter the result here .............................................................................................. 9

10 Figure the tax on line 9 using the 2015 Tax Rate Charts.

Enter the amount here and on Form OR-FIA-40, line 16;

.00

Form OR-FIA-40-N, line 13; or Form OR-FIA-40-P, line 12 ....................................................................10

Computation B. Complete if you filed Form 40P for tax year 2015.

1 If you used Form FIA-40P to figure your tax for 2015, enter

the amount from the 2015 Form FIA-40P, lines 3a and 3b.

Otherwise, enter the amount shown on your 2015 Form 40P,

.00

lines 38F and 38S (if -0- or less, see instructions) .................... 1a

2 Enter amount from 2016 Form OR-FIA-40, line 6; Form

.00

OR-FIA-40-N, line 10; or Form OR-FIA-40-P, line 9 ................. 2a

.00

3 Add lines 1 and 2 in both the federal and Oregon columns ..... 3a

4 Recompute the Oregon percentage. Divide line 3b by

line 3a (not more than 100.0%) ................................................ 4

5 Enter the amount from your 2015 Oregon Form 40P,

.00

line 47 ....................................................................................... 5

.00

6 Line 3a minus line 5. Enter the result here .............................................................................................. 6

.00

7 Figure the tax on line 6 using the 2015 Tax Rate Charts ........................................................................ 7

8 Multiply line 7 by the Oregon percentage on line 4. Enter

the amount here and on Form OR-FIA-40, line 16; Form

.00

OR-FIA-40-N, line 13; or Form OR-FIA-40-P, line 12 ............................................................................. 8

Computation C. Complete if you filed Form 40 for tax year 2015.

1 If you used Form FIA-40 to figure your tax for 2015, enter

the amount from your 2015 Form FIA-40, line 3. Otherwise,

enter the amount shown on your 2015 Form 40, line 28;

.00

(if -0- or less, see instructions) ................................................................................................................ 1

2 Enter amount from 2016 Form OR-FIA-40, line 6; Form OR-FIA-40-N,

.00

line 10; or Form OR-FIA-40-P, line 9 ....................................................................................................... 2

.00

3 Add lines 1 and 2 ................................................................................................................................... 3

4 Figure the tax on line 3 using the 2015 Tax Tables or Tax

Rate Charts. Enter the amount here and on Form OR-FIA-40,

.00

line 16; Form OR-FIA-40-N, line 13; or Form OR-FIA-40-P, line 12 ...................................................... 4

—Don’t include this form with your Oregon return. Keep it with your records.—