Form 65 - Oregon Partnership Return Of Income - 2013 Page 3
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6Instructions for Form 65
Oregon Partnership Return of Income
Business identification number (BIN)
Which partnerships must file Form 65?
This is a number we use to identify business taxpayers and
• Every partnership having income or loss derived from or
employers. Some businesses have more than one BIN for
connected with sources in Oregon.
different types of taxes. If you are an employer, you were
• Every partnership having one or more Oregon resident
assigned a BIN after you submitted your combined registra-
partners.
tion form. Otherwise, we assigned one when you filed or
Exception: Publicly traded partnerships taxed as corporations.
made a payment. We use your BIN on all notices. Using the
Oregon follows federal filing guidelines. If you aren’t
correct BIN will result in faster and more accurate process-
required to file a federal partnership return, you don’t file
ing of your returns and payments. If you have never filed or
one for Oregon.
made a payment before, leave the BIN blank.
Example: A husband and wife partnership electing the
What must be attached to the Oregon partnership
qualified joint venture option doesn’t file a federal partner-
return?
ship return; therefore they don’t file an Oregon partnership
Submit this information with the return in the following
return.
order:
Partnership minimum tax
• A copy of federal Form 1065, U.S. Return of Partnership
Income, or Form 1065-B, U.S. Return of Income for Electing
A partnership must pay the $150 minimum tax if it’s doing
Large Partnerships. Include all pages and supporting sched-
business in Oregon and required to file a partnership return.
ules (for example, Schedule M-3).
“Doing business” is performing a profit-seeking activity.
• Schedule AP, Apportionment of Income for Corporations and
When a partnership is required to file additional returns
Partnerships (form 150-102-171), if you answered yes to ques-
due to a change in ownership, (such as for a technical ter-
tions 7A and 7B on Form 65.
mination), the tax is owed for each return. It is not prorated.
• An Oregon Depreciation Schedule (form 150-101-025), if
When a short year return is filed only because of a change
Oregon depreciation differs from federal depreciation.
in accounting periods, the tax is prorated for the number of
• If this is the final partnership return, a schedule showing to
months in the short tax year.
whom all assets and liabilities were distributed, and each
asset’s adjusted basis, fair market value, and sales price.
For more information, go to our partnership information
• Federal Schedule K-1s, if less than 11 partners during the
webpage at and click on “Part-
year. If you had more than 10 partners, attach a summary
nership Taxes” on the left side. You can also review Oregon
of partner information. Your summary must include each
Revenue Bulletin #2010-02 at
partner’s name, SSN or FEIN, address, profit/loss shar-
bulletins.aspx.
ing percentage, and Oregon modifications and credits.
Filing and payment deadlines
We prefer summaries and K-1s on CD. Label the CD with
the entity’s name, EIN, and tax year. If your CD is password
Returns and tax payments for the 2013 calendar year are due
protected, mail the password separately or e-mail it to files-
by April 15, 2014. Fiscal year returns are due by the 15th day
partnership.dor@state.or.us. Include the partnership name
of the fourth month after the end of the partnership’s tax year.
and identification number with the password.
Estimated payments are not required.
• Form 24, Oregon Like-Kind Exchanges/Involuntary Conversions
if you had a 1031 exchange investing in out of state property.
Extension of time to file
Amending instructions
If you filed a federal extension, you don’t need an Oregon
extension. If you need to file an Oregon extension, use
Complete the return as it should have been filed and check
voucher Form 65-V. Check the extension box on the voucher
the box at the top. Attach an explanation of all corrections.
and send it in by the due date. An Oregon extension gives the
There is no tax to pay or refund unless you change the
same amount of time to file as a federal extension (usually
amount entered on line 3C or 3D.
5 months). The extended due date is September 15, 2014 for
Penalty and interest
calendar tax year partnerships.
An extension to file does not mean more time to pay. If you
The partnership will owe interest on any tax not paid by
need to pay the $150 minimum tax, check the extension box
the due date. The 2014 interest rate is 4 percent per year and
on voucher Form 65-V and send us the voucher and payment
increases to 8 percent per year if not paid within 60 days of
by the due date.
our billing notice.
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150-101-065 (Rev. 12-13)
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