For office use only
Form
Date received
OREGON
•
20-S
2001
•
•
S CORPORATION
Payment
•
TAX RETURN
1
2
3
•
Excise Tax
•
•
•
(200)
Name change
•
or Fiscal Year
If you filed a return in 2000,
Mo
/
Day
/
Year
Mo
/
Day
/
Year
Income Tax
01
•
•
Address change
Beginning:
Ending:
indicate if you had a:
(202)
Name
Federal employer ID number
Business identification number
•
Mailing address
•
An extension is attached
•
Form 37 is attached
City
State
ZIP Code
•
This is an amended return
Telephone number
Contact person
•
(
)
Form 8824 is attached
•
Complete A through D only if this is your first return or the answer
G. If this is your first return, indicate whether:
New business,
changed during 2001.
or
Successor to previously existing business. Enter name,
federal employer identification number, and BIN of previous
•
A. Incorporated in _____________ (state), on ____________ (date)
business: ____________________________________________
•
B. State of commercial domicile _____________________________
____________________________________________________
____________________________________________________
•
C. Date business activity began in Oregon ____________________
•
H. If this is your final return, indicate whether:
Withdrawn,
•
D. Business Activity Code from federal return __________________
Dissolved,
Merged or reorganized. Enter name, federal
employer identification number, and BIN of merged or reorganized
•
E. List the tax years for which federal waivers of the statute of
corporation: __________________________________________
limitations are in effect and dates on which waivers expire:
____________________________________________________
___________________________________________________
____________________________________________________
•
F. List the tax years for which your federal taxable income was
•
I. If you didn’t complete Schedule AP, enter gross receipts from
changed by an IRS audit, or by an amended federal return filed
federal Form 1120S, line 1a: $ ___________________________
during this tax year: ___________________________________.
•
J. Enter the amount from federal Form 1120S, line 21: $ _________
Send a copy of the IRS report or the amended return under
____________________________________________________
separate cover, if not furnished previously.
S CORPORATIONS WITHOUT FEDERAL TAXABLE INCOME—start on line 7.
S corporations with federal income from built-in gains, capital gains, or net passive investment income—start on line 1.
S corporations with federal taxable income or LIFO benefit recapture—see instructions.
1. Income taxed on federal Form 1120S from:
(a) Built-in gains ___________________________________,
(b) Certain capital gains ________________________________, and
•
(c) Excess net passive income _________________________________ ....................................
Total
1
•
2. Additions (see instructions, page 6) ........................................................................................................... 2
•
3. Subtractions (see instructions, page 6) ...................................................................................................... 3
4. S corporation income before net loss deduction (line 1 plus line 2, minus line 3) ..................................... 4
If income is derived from sources both in Oregon and other states, carry amount on line 4 to line 1,
Schedule AP-2, and skip line 5 below.
•
5. Net loss from prior years as C corporation. Attach schedule
... 5
(deductible from built-in gain income only)
•
6. Oregon taxable income (line 4 minus line 5 or amount from Schedule AP-2, line 11) ............................... 6
7. Tax (6.6% of line 6) (excise tax returns, $10 minimum tax) ................................... 7
•
8. Tax adjustment for interest on certain installment sales (see instructions) ............. 8
9. Total tax (line 7 plus line 8) ........................................................................................................................ 9
•
10. Credits against tax (attach schedule) (see instructions, page 6) ........................................................... 10
11. Tax after credits (line 9 minus line 10) (excise tax not less than $10) .................................................... 11
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12. Tax adjustment for LIFO benefit recapture (see instructions, page 6) ..................................................... 12
•
13. Net tax* (line 11 plus line 12) (excise tax not less than $10) ................................................................. 13
Now go to the back of this form
PLEASE ATTACH A COMPLETE COPY OF YOUR FEDERAL FORM 1120-S AND SCHEDULES
150-102-025 (Rev. 9-01)