Fillable Form Tm - Trimet Self-Employment Tax

What if business is done both inside and outside of the

Mail to: TMSE

district?

Oregon Department of Revenue

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 TriMet self-employment tax pay-

utilities or telecommunications may elect to use the double-

ment with any other tax payment made to the Oregon

weighted sales factor formula.

Department of Revenue.

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

What if I’m audited by the IRS?

return.

• Mail your transit return to the Oregon Department of

If changes are made that affect your self-employment

Revenue.

earnings, file an amended return to report and pay any

additional tax due. If the change reduces your transit tax,

File one TriMet Self-Employment Tax Return for all of your

self-employment earnings.

you have two years from the date of the audit report to claim

a refund.

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

tax by the due date.

See more FAQ's at , on the

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

Frequently asked questions

Self-Employment Taxes.

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

When to file

TriMet return?

Your TriMet return is generally due the same day as your

File one return. If you have separate business activities,

federal and Oregon individual income tax returns. For most

attach a schedule that shows net earnings or losses for each

taxpayers, the 2012 due date is April 15, 2013. Fiscal year

separate business. Compute the TriMet self-employment

returns are due the 15th day of the fourth month after the

income separately for each business. See instructions

for line 1.

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

Sunday, or legal holiday, the due date will be the next busi-

Can I file a joint return?

ness day.

No. Each taxpayer having self-employment earnings must

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

Extensions to file

spouse filed a joint federal income tax return. The only

exception is a partnership filing for all partners. Both

If you received a federal extension or an extension to file

spouses could be members of the same partnership.

your federal or Oregon individual income tax return, it will

also extend your TriMet Self-Employment Tax Return. Check

I’m getting a refund on my Oregon individual income

the “An extension has been filed” box on your Form TM. Do

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

not include your extension, but retain with your records.

No. We cannot apply any income tax refund to pay your

TriMet 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

an extension, you must make your payment by the

electronically?

original due date of the return to avoid a penalty and

i nterest charge. Complete Form TM-V and send it

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

records, and mail your return to the Oregon Department

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

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

, on the left menu, go to Forms,

then click on Transit (TriMet and LTD) or see “Taxpayer assis-

Can I file an amended transit self-employment tax

tance” on page 4. Be sure to use the same name and Social

return?

Security number (SSN) or federal employer identification

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

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

correct your return as originally filed. Generally, you are

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. Call us as soon as possible to set up a payment plan to

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

amended return” box on your transit return.

reduce penalties and interest.

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

Form Tm - Trimet Self-Employment Tax - 2012 Page 2

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