Fillable Form Ltd - Self-Employment Tax - Lane County

What if business is done both inside and outside of the

Mail to: LTDSE

Oregon Department of Revenue

district?

PO Box 14003

Use an apportionment formula by completing Form TSE-AP.

Salem OR 97309-2502

Self-employment income is apportioned using a 100 percent

Important filing information

sales factor unless you are a qualifying taxpayer in utilities

or telecommunications. A taxpayer primarily engaged in

• Do not combine your LTD self-employment tax payment

utilities or telecommunications may elect to use the double-

with any other tax payment made to the Oregon Depart-

weighted sales factor formula.

ment of Revenue.

• Do not attach your Form LTD to your Oregon income tax

What if I’m audited by the IRS?

return.

If changes are made that affect your self-employment earn-

• Mail your transit return to the Oregon Department of

ings, file an amended return to report and pay any additional

Revenue.

tax due. If the change reduces your transit tax, you have two

File one LTD Self-Employment Tax Return for all of your self-

years from the date of the audit report to claim a refund.

employment earnings.

See more FAQ's at , on the

To avoid penalty and interest, file your return and pay your

left menu, go to Business FAQs, then click on Transit District

tax by the due date.

Self-Employment Taxes.

Frequently asked questions

When to file

I have more than one business. How should I file my

Your Lane transit return is generally due the same day as

Lane transit return?

your federal and Oregon individual income tax returns.

For most taxpayers, the 2012 due date is April 15, 2013. Fis-

File one return. If you have separate business activities,

attach a schedule that shows net earnings or losses for each

cal year returns are due the 15th day of the fourth month

business. Compute the Lane transit self-employment income

after the end of the fiscal year. When the due date falls on a

separately for each business. See instructions for line 1.

Saturday, Sunday, or legal holiday, the due date will be the

next business day.

Can I file a joint return?

No. Each taxpayer having self-employment earnings must

Extensions to file

file a separate Form LTD. That’s true even if you and your

spouse filed a joint federal income tax return. The only

If you received a federal extension or an extension to file

exception is a partnership filing for all partners. Both spouses

your federal or Oregon individual income tax return, it will

could be members of the same partnership.

also extend your LTD self-employment tax return. Check

I’m getting a refund on my Oregon individual income

the “An extension has been filed” box on your LTD Self-

tax return. Can I have that refund applied to this tax?

Employment Tax Return. Do not include your extension but

retain with your records.

No. We can not apply any income tax refund to pay your

LTD self-employment tax.

Extensions are for more time to file a tax return only.

There are no extensions for paying tax. If you have

Can I file my transit self-employment tax return elec-

an extension, you must make your payment by the

tronically?

original due date of the return to avoid a penalty and

No. File your transit return by mail. Make a copy for your

interest charge. Complete Form LTD-V and send it

records, and mail your return to the Oregon Department of

with your payment of tax. Form LTD-V is available at

Revenue address as printed at the bottom of the tax return.

, on the left menu, go to

Forms, then click on Transit (TriMet and LTD) or see “Tax-

Can I file an amended transit self-employment tax

payer assistance” on page 4. Be sure to use the same name

return?

and Social Security number (SSN) or federal employer iden-

Yes. File an amended transit return any time you need to

tification number (FEIN) that you will use on your return

correct your return as originally filed. Generally, you are

when you file.

allowed three years from the due date of the return or

If you can't pay all the tax you expect to owe, pay what you

the date the return was filed, whichever is later, to file an

can, then call us as soon as possible to set up a payment plan

amended return to claim a refund. Check the “This is an

amended return” box on your transit return.

to reduce penalties and interest.

150-560-001 (Rev. 10-12)

Form Ltd - Self-Employment Tax - Lane County - 2012 Page 2

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