Fillable Form Ltd - Self-Employment Tax - Lane County

Check the box if any apply:

Partnership election

• An extension has been filed.

A partnership may elect to file and pay the transit self-

• This is an amended return.

employment tax for the individual partners. The partnership

• Utility or telecommunications.

must use net earnings from self-employment as reported on

Line instructions—Form LTD

federal Form 1065 to figure the tax. Do not make Oregon

modifications to the partnership’s earnings. If some partners

Instructions are for lines not fully explained on the return.

have different tax years than others, net earnings from self-

employment is determined using amounts from different

Line 1. Self-employment earnings.

tax years.

• Individuals: Fill in the amount from federal Schedule SE,

The partnership’s return and payment shall be based upon

Section A, line 3; or Section B, line 3 unless you meet one

the net earnings from self-employment of the individual

of the exemptions.

partners from the partnership for their taxable years ending

More than one business included on federal Schedule SE?

with or within the calendar year.

Only include businesses from line 3 of your federal Schedule

SE that have net earnings and are doing business or provid-

Due date: April 15, 2013. The partnership must file a return

ing services in the Lane Transit District. Do not use a busi-

and pay the tax due on or before April 15, 2013.

ness with a net loss to offset a business with net earnings.

Example: If a partnership has a tax year ending August 31,

Example: Business A has net earnings of $20,000. Business B

2012, the partnership must pay on or before April 15,

has a net loss of $10,000. The amount on line 3 of your federal

2013, the tax due from the partners' net earnings from the

schedule SE is $10,000. Fill in line 1 of Form LTD the amount

partnership for its taxable year ending August 31, 2012.

of $20,000. File one return. Attach a schedule to the return

Partners: If your partnership is filing on behalf of all part-

and include each separate business and their net earnings or

ners, you do not need to file a separate Form LTD unless

losses. There are no carry-forward of losses to another year.

you have net self-employment earnings from sources other

Did you receive Partnership income? Did the partnership

than the partnership. Report only these additional net self-

file Form LTD and pay the tax for the partners? If so, reduce

employment earnings on your individual Form LTD.

the amount from your federal Schedule SE, Section A, line

3; or Section B, line 3 by the amount of your income from

Amended returns

that partnership.

Important. Do not make Oregon changes or modifications to

You must file an amended return to claim a refund of tax

federal income on Form LTD. Your earnings that are subject

paid. To file an amended return, use the appropriate form

to Lane Transit self-employment tax will generally be the

for the year of the original return and check the “This is an

same as the earnings you report on your federal Schedule

amended return” box. Attach an explanation of the changes

SE, Section A, line 3; or Section B, line 3.

made to the back of the return. Oregon does not have a sepa-

• Partnerships: Fill in the net earnings from federal Partner-

rate amended transit tax return.

ship Form 1065. Do not include Oregon modifications.

Line 2. Apportionment:

Form LTD instructions

• Percentage cannot be less than 0 percent or more than

Name and address section

100 percent.

• Enter 100 percent if all of your business activity is within

Individuals: Fill in your name, business address, telephone

the transit district. Do not fill out Form TSE-AP.

number, and SSN.

• Fill out and attach a completed Form TSE-AP to the back

of your Form LTD if your business activity is carried on

The request for your SSN(s) is authorized by Section 405,

both in and out of the district.

Title 42, United States Code. You must give us this informa-

tion. It will be used to establish your identity.

Line 4. Exclusion. Each taxpayer’s exclusion is the lesser of

the taxpayer’s self-employment earnings (line 3), or $400.

Partnerships: Fill in the partnership name, address, tele-

phone number, FEIN, and Oregon business identification

Individuals. Enter $400 or the amount on line 3, whichever

number (BIN). If you do not know your Oregon BIN, leave

is less. Was the exclusion partially or completely used on

it blank and we will fill it in.

another 2012 Form LTD filed by your partnership? If so, fill

in only the unused amount of the $400 exclusion.

You must provide, on a schedule attached to Form LTD, the

name, SSN, share of partnership income, and individual

Partnerships. Enter $400 for only those partners whose share

exclusion for each partner. Your return cannot be processed

of positive earnings are included in the amount on line 3. If

without this information.

any partner’s exclusion was partially or completely used

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

Form Ltd - Self-Employment Tax - Lane County - 2012 Page 3

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