Instructions For Corporate Taxes - Oregon Department Of Revenue Page 3
ADVERTISEMENT
1
2
3
4
5Any
y corporation
doing busin
ness in Orego
on is required
d to register
with the
Secr
retary of Stat
te
Corp
poration Divi
sion
and file
corporate ex
cise tax retur
rns.
If yo
our registere
d corporation
n or insurance
e company is
sn’t carrying o
on or doing b
business in
Ore
gon and has
no Oregon-s
ource income
e, then you d
don’t need to
file a corpora
ation tax retu
urn.
Tie
e to federal
tax law
Ore
gon's calcula
tion of taxab
le income for
r C corporatio
ons begins w
ith federal ta
axable income
e. It
is m
modified as re
equired under
r Oregon tax
law.
Ore
gon has a ro
lling connecti
ion to the fed
deral definitio
on of taxable
income begi
nning Januar
ry 1,
201
1 with the fo
ollowing excep
ptions releva
nt to corpora
ation tax law:
:
Spe
ecific exempti
ons to the Or
regon tie to f
federal taxab
le income (t
this list is not
t all inclusive
):
•
No conne
ection to the
qualified pro
oduction activ
vities income
(QPAI) dedu
uction. An add
dition
to the O
regon return
is required, e
effective Janu
uary 1, 2005
; and
•
No conne
ection to cert
tain subsidies
s excluded un
nder IRC 139
9A for prescrip
ption drug pl
ans.
An addit
ion to the Or
regon return
is required, e
effective Janu
uary 1, 2008.
.
For
more inform
ation, visit
20
011 Corporat
te Tax Law C
hanges.
Ex
tensions an
nd due dates
s
Exte
ensions
Ore
gon honors e
extensions fo
r filing your f
federal return
n. If you have
e a federal ex
xtension, the
due
date
e then becom
mes the 15th
day of the m
onth followin
ng the federa
l extension's
due date. Yo
ou
don
't need to se
nd the federa
al extension t
to Oregon un
til you file yo
our Oregon re
eturn. Mark t
the
Exte
ension box at
t the top of y
your Oregon r
return when y
you file.
If yo
ou need an e
extension for
Oregon only,
, answer que
stion 1 on
fed
deral Form 7
7004, write "F
For
Ore
gon Only" at
the top, then
n attach it to
your Oregon
n return when
n you file.
Not
te: It's very i
mportant to
mark the ext
tension box a
at the top of y
your Oregon
return when
you
file.
To a
avoid penalty
y and interest
t, mail any ta
ax due with
F
orm 20-V
on
or before th
e original due
e
date
e of your retu
urn. More tim
me to file does
sn't mean mo
ore time to pa
ay your tax.
Due
e date
Retu
urns for calen
ndar year file
ers, including
all insurance
e companies,
are due on o
or before Apr
ril 15.
Retu
urns for fisca
l year filers a
are due the 1
5th day of th
he month foll
owing the du
ue date of you
ur
fede
eral corporati
ion return. W
When the 15th
h falls on a Sa
aturday, Sun
day, or legal
holiday, the
due
date
e is the next
business day
y.
Fil
ing method
s
Con
nsolidated re
eturns (ORS
S 317.705-31
7.725). If a c
corporation is
s a member o
of an affiliate
ed
grou
up of corpora
ations that file
ed a consolid
dated federal
return, it mu
ust file an Ore
egon return b
based
on t
that federal r
return.
A co
onsolidated O
Oregon return
n is required w
when two or
more affiliate
ed corporatio
ons are:
•
Included
d in a consolid
dated federal
return;
•
Unitary;
and
•
At least
one of the af
ffiliated corpo
orations must
t be doing bu
usiness in Ore
egon or have
an
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial