Instructions For Form 20-I - Oregon Corporation Income Tax

Amended returns and protective claims

Note: S corporations can’t be included in consolidated

federal returns. IRC §1361(b) provides that a corporation

Oregon doesn’t have an amended return form for corpo-

that’s a Qualified Subchapter S Subsidiary (QSSS) isn’t

rations. Use the form for the tax year you’re amending

treated as a separate corporation. All income, deduc-

and check the “Amended” box. If you’re amending to

tions, and credits of the QSSS will be treated as belong-

change additions, subtractions, or credits, include detail

ing to the parent S corporation.

of all items and amounts, including carryovers.

Unitary business. A business that has, directly or indi-

If you change taxable income by amending your federal

rectly between members or parts of the enterprise, either

return you must file an amended Oregon return within

a sharing or an exchange of value shown by:

90 days. Attach a copy of your amended federal return

• Centralized management or a common executive force,

to your amended Oregon return and explain the adjust-

• Centralized administrative services or functions

ments made.

resulting in economies of scale, or

If you filed Form 20-S, Oregon S Corporation Tax Return,

• Flow of goods, capital resources, or services showing

150-102-025, and later determined you should file Form

functional integration.

20-I, check the “Amended” box on Form 20-I.

Separate returns. Any corporation that files a separate

You may make payments online for your amended

federal return must file a separate Oregon return if it’s

returns at

doing business in Oregon or has income from an Oregon

source.

Don’t make payments for amended returns with EFT

(Electronic Funds Transfer). This also applies to e-filed

A corporation subject to Oregon taxation must also file

amended returns. For paper returns, you may pay online

a separate Oregon return if it was included in a consol-

or include a check or money order with your return. For

idated federal return, but was not unitary with any of

e-filed returns, you may pay online or send a check or

the other affiliates. To determine your Oregon taxable

money order separately. If you mail your payment sepa-

income, take the taxable income from the consolidated

rate from your return, write “Amended” on the payment

federal return and use Oregon additions or subtractions

and include a completed Form 20-V with the “Amended”

to show removal of the nonunitary affiliates.

box checked.

E-file

Don’t amend your Oregon return if you amend the fed-

If you’re required to e-file with the IRS, you’re also

eral return to carry a net operating loss back to prior

required to e-file for Oregon. We accept calendar year,

years. Oregon allows corporations to carry net operating

fiscal year, short year, and amended electronic corpora-

losses forward only.

tion tax returns utilizing the IRS Modernized e-file plat-

On the estimated tax payments line on your amended

form (MeF). Beginning January 2015, we’ll accept e-filed

Form 20-I, enter the net income tax per the original

returns for tax year 2014, and will continue accepting

return or as previously adjusted. Don’t include any pen-

returns for 2013 and 2012.

alty or interest portions of payments already made.

Your tax return software also allows you to make elec-

Pay all tax and interest due when you file an amended

tronic payments when e-filing your original return.

return or within 30 days after receiving a billing notice

For a list of software vendors or for more information,

from us to avoid being charged a 5 percent late payment

see “e-filing” at

penalty.

Federal audit changes

If paying additional tax with your amended return, you

must include interest with your payment. Interest is fig-

If the IRS changes your federal return for any tax year,

ured from the day after the due date of your original

you must notify us. File an amended Oregon return and

return up to the day your full payment is received by us.

include a copy of the federal audit report. Mail this sepa-

See “Interest rates.”

rately from your current year’s return to:

An amended return may be filed as a protective claim

Oregon Department of Revenue

to extend the statute of limitations for a refund request

PO Box 14777

for a tax year while an issue is being litigated. Check the

Salem OR 97309-0960

“Amended” box and write the words “Protective claim

for refund” at the top. We’ll also accept a written let-

If you don’t amend or send a copy of the federal report,

ter in place of an amended return. Include the same

we have two years from the date we’re notified of the

change by the IRS to issue a deficiency notice. To receive

information in the letter as is required on an amended

a refund, you must file a claim for refund of tax within

return. We’ll hold your protective claim until you notify

two years of the date of the federal report.

us the litigation has been completed.

150-102-021-1 (Rev. 10-14)

Form 20-I Instructions

Instructions For Form 20-I - Oregon Corporation Income Tax - 2014 Page 5

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