Fillable Form 65 - Oregon Partnership Return Of Income

Example 2: Freight Partners had a technical termination on

17-1/2 and the instructions regarding partnership and S

May 10, 2014. They are a calendar tax year partnership, so

corporation modifications and credits.

the owners from January 1 to May 10 will file a 2014 short

Question 9. The owners must file returns and pay transit dis-

tax year return due September 15, 2014. They will use 2013

forms because 2014 forms aren’t available yet, but they will

trict self-employment taxes for income subject to these taxes.

follow 2014 tax laws when completing the return. They will

The partnership may instead file and pay on their behalf. For

owe $150 minimum tax which is also due September 15,

more information, go to and click

2014, even if they get an extension to file. The new owners

on “Self-Employment Taxes” on the left side.

of Freight Partners from May 11 to December 31, 2014 will

also file a short tax year return and owe $150 minimum tax

Question 10. It’s important that you provide the name and

which will be due April 15, 2015.

contact information for the person who has the partnership

Question 3B. Enter the payments submitted prior to filing

records. If you do not complete this question, there may be a

or with an extension.

delay in receiving important information.

Question 3C. If payments are less than the tax liability owed

by the partnership, enter the amount of tax due (line 3A

Schedule I

minus line 3B). Otherwise, go to line 3D.

Attach schedules if necessary to explain the modifications.

To submit a payment:

If adding other additions or subtractions, identify the modi-

• Make your check or money order payable to “Oregon

fication. A partner may be able to claim their share of these

Department of Revenue.”

• Write your daytime telephone number, FEIN, and “2014

modifications on their own return. Provide this information

Partnership Tax” on your check or money order.

to partners with their Schedule K-1 and include the addition

• Do not send cash or a postdated check or money order.

or subtraction code for partners who are individual income

• Complete voucher Form 65-V and include both the FEIN

taxpayers. For the codes for individual owners, see the list

and BIN for faster and more accurate processing.

at the end of Oregon Publication 17-1/2 and the instructions

• Submit the voucher and payment together. If included

with your return, attach both the payment and voucher

regarding partnership and S corporation modifications and

to the front of Form 65.

credits.

• Pay the tax by the due date (not including extensions) to

avoid penalty and interest.

Gain on voluntary and involuntary conversions. Oregon

allows partnerships to elect for their partners to defer the

Question 3D. If payments are more than the tax liability

gain on voluntary and involuntary conversions. Partnerships

owed by the partnership, enter the amount to be refunded

to the partnership (line 3B minus line 3A). If the tax liability

must make the election for all consenting partners. Attach

and the payments already submitted are the same, enter $0.

Form 24, Oregon Like-kind Exchanges/Involuntary Conversion

Question 4C. The partnership is required to send in pay-

150-800-734, to your Oregon Partnership Return of Income, Form

ments on behalf of nonresident owners who are individuals

65, and check the box on the front of Form 65.

or C- corporations, unless the owner is exempt, files an affi-

davit, or joins a composite return. See Form OC and Form

Taxpayer assistance

OR-19 instructions for more information on the partnership’s

requirements to file a composite return or send in payments

General tax information.........................

on behalf of its nonresident owners.

Salem .................................................................503-378-4988

Question 4D. Nonresident owners who are individuals or C

Toll-free from an Oregon prefix ...................1-800-356-4222

corporations can join an Oregon Composite Return, Form OC,

Asistencia en español:

filed by the partnership. Enter how many owners partici-

pated in the Form OC the partnership filed or will be filing.

En Salem o fuera de Oregon ..........................503-378-4988

Gratis de prefijo de Oregon ........................1-800-356-4222

Question 8. Enter the tax credits earned by the partnership.

A partner may be able to claim their share of these credits on

TTY (hearing or speech impaired; machine only):

their own return. Provide this information to partners with

Salem area or outside Oregon .......................503-945-8617

their Schedule K-1 and include the credit code for partners

who are individual income taxpayers. For a complete list of

Toll-free from an Oregon prefix ................ 1-800-886-7204

credits, go to and click on “Part-

Americans with Disabilities Act (ADA): Call one of the help

nership Taxes” on the left side. For the credit codes for indi-

vidual owners, see the list at the end of Oregon Publication

numbers for information in alternative formats.

150-101-065 (Rev. 12-14)

Form 65 - Oregon Partnership Return Of Income - 2014 Page 5

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