Fillable Form Tm - Trimet Self-Employment Tax

2012 Tri-County Metropolitan Transportation District

Form TM and Instructions

TriMet Self-Employment Tax

These instructions aren't a complete statement of laws and rules that apply to the Tri-County Metropolitan

Transportation District self-employment tax. For more information, visit ,

on the left menu, go to Self-Employment Taxes, then click on Transit District Self-Employment Taxes.

• Real estate agents. Federal laws generally treat real estate

New information

agents as self-employed. This includes those who provide

services to real estate brokers under contract. This means

New tax rate: Beginning January 1, 2012, the tax rate has

that commissions on sales are subject to the TriMet self-

increased to 0.007018.

employment tax.

• Fiscal year filers. If you are a fiscal year filer and your tax

Important reminders

year begins in 2012, you should file on a 2012 tax return.

TriMet (TM) now has it's own payment voucher, Form TM-V.

Partnerships

Please include this voucher with your payment.

Partnerships are not subject to the TriMet self-employment tax.

If your partnership uses a fiscal year, you still must file on

The individual self-employed members of the partnership

a calendar year basis.

are responsible for filing and paying the tax. However, a

For tax years beginning on or after July 1, 2005:

partnership may choose to file one transit self-employment

tax return and pay the tax for all of its individual partners.

Self-employment income is apportioned to Oregon using a 100

See “Partnership election” instructions.

percent sales factor unless you meet one of these exceptions.

• A taxpayer primarily engaged in utilities or telecom-

Exemptions

munications may elect to use the double-weighted sales

• Ministers—Compensation received by a minister or mem-

factor formula.

ber of a religious order when performing religious services

is not subject to this tax. However, compensation received

What is the TriMet self-employment tax?

for performing religious services as an independent con-

tractor has been and remains subject to this tax.

The TriMet tax helps fund mass transportation in the TriMet

• Insurance agents—Applies only to insurance-related

District. This tax is applied to self-employment earnings of

income. Noninsurance-related self-employment activities

individuals doing business or providing services in the dis-

are subject to this tax (ORS 731.840).

trict. This includes portions of Multnomah, Clackamas, and

• C and S corporation distributions are not subject to this

Washington counties. The Oregon Department of Revenue

tax. However, all employers who pay wages for services

collects the tax for TriMet.

performed in the district must pay a transit payroll tax.

A list of ZIP codes included in the district boundary is on

This includes corporation officers who receive compensa-

page 4. For more information, call TriMet at 503-962-6466, or

tion for services performed. For more information about

visit

payroll transit tax, call 503-945-8091.

The tax rate is 0.007018 (0.7018 of 1 percent).

How to file

Who must file and pay this tax?

Complete Form TM, TriMet Self-Employment Tax Return and

include the following:

Individuals

• Federal Schedule SE.

Anyone who has self-employment earnings from business

• Form TSE-AP if you are apportioning.

or service activities carried on in the TriMet District must

Make your check or money order payable to "Oregon

pay this tax.

Department of Revenue."

People who must pay the self-employment tax include:

On your check, write the following:

• Self-employed individuals, sole proprietors, independent

• Daytime telephone number.

contractors, members of a partnership, and persons who have

• Tax year.

net self-employment earnings greater than $400 from doing

• "Form TM."

business or providing services within the TriMet District.

• SSN or FEIN.

150-555-001 (Rev. 10-12)

Form Tm - Trimet Self-Employment Tax - 2012

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