Form 65 - Oregon Partnership Return Of Income - 2012 Page 3
Download a blank fillable Form 65 - Oregon Partnership Return Of Income - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 65 - Oregon Partnership Return Of Income - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5Instructions 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 derived from or con-
employers. Some businesses have more than one BIN for
nected 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
Note: 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.
What must be attached to the Oregon partnership
Example: A husband and wife partnership electing the
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
Partnerships (form 150-102-171), if you answered yes to ques-
When a partnership is required to file additional returns
tions 6A and 6B on Form 65.
due to a change in ownership, (such as for a technical ter-
• An Oregon Depreciation Schedule (form 150-101-025), if
mination), the tax is owed for each return. It is not prorated.
Oregon depreciation differs from federal depreciation.
When a short year return is filed only because of a change
• If this is the final partnership return, a schedule showing to
in accounting periods, the tax is prorated for the number of
whom all assets and liabilities were distributed, and each
months in the short tax year.
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
year. If you had more than 10 partners, attach a summary
webpage at and click on “Part-
of partner information. Your summary must include each
nership Taxes” on the left side. You can also review Oregon
partner’s name, SSN or FEIN, address, profit/loss shar-
Revenue Bulletin #2010-02 at
ing percentage, and Oregon modifications and credits.
bulletins.aspx.
We prefer summaries and K-1s on CD. Label the CD with
Filing and payment deadlines
the entity’s name, EIN, and tax year. If your CD is password
protected, mail the password separately or e-mail it to files-
Returns and tax payments for the 2012 calendar year are due
partnership.dor@state.or.us. Include the partnership name
by April 15, 2013. Fiscal year returns are due by the 15th day
and identification number with the password.
of the fourth month after the end of the partnership’s tax year.
• Form 24, Oregon Like-Kind Exchanges/Involuntary Conversions
Estimated payments are not required.
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
Complete the return as it should have been filed and check
extension. If you need to file an Oregon extension, use
the box at the top. Attach an explanation of all corrections.
voucher Form 65-V. Check the extension box on the voucher
There is no tax to pay or refund unless you change the
and send it in by the due date. An Oregon extension gives
answer to question 1 (doing business in Oregon).
the same amount of time to file as a federal extension (usu-
ally 5 months).
Penalty and interest
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 2013 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.
1
150-101-065 (Rev. 10-12)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial