Fillable Form Tm - Trimet Self-Employment Tax

Check the box if any apply:

Partnership election

• An extension has been filed.

• This is an amended return.

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

• Utility or telecommunications.

employment tax for the individual partners. The partnership

must use net earnings from self-employment as reported

Line instructions—Form TM

on 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-

Line 1. Self-employment earnings.

employment is determined using amounts from different

tax years.

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

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

The partnership’s return and payment shall be based upon

of the exemptions.

the net earnings from self-employment of the individual

More than one business included on federal Schedule SE?

partners from the partnership for their taxable years ending

Only include those businesses from line 3 of your federal

with or within the calendar year.

Schedule SE that have net earnings and are doing business

or providing services in the TriMet District. Do not use a

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

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

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

Example: Business A has net earnings of $20,000 and Busi-

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

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

2012, the partnership must pay on or before April 15, 2013 the

federal schedule SE is $10,000. Fill in on line 1 of Form TM

tax due from the partners' net earnings from the partnership

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

for its taxable year ending August 31, 2012.

to the return and include each separate business and their

net earnings or losses. There are no carry-forward of losses

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

to another year.

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

Did you receive Partnership income? Did the partnership

you have net self-employment earnings from sources other

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

than the partnership. Report only these additional net self-

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

employment earnings on your individual Form TM.

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

that partnership.

Amended returns

Important. Do not make Oregon changes or modifications to

federal income on Form TM. Your earnings that are subject

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

to TriMet self-employment tax will generally be the same as

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

the earnings you report on your federal Schedule SE, Section

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

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

amended return” box. Attach an explanation of the changes

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

made to the back of the return. Oregon doesn't have a sepa-

ship Form 1065. Do not include Oregon modifications.

rate amended transit tax return.

Line 2. Apportionment:

• Percentage cannot be less than 0 percent or more than

Form TM instructions

100 percent.

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

Name and address section

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

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

Individuals: Fill in your name, business address, telephone

of Form TM if your business activity is carried on both in

number, and SSN.

and out of the district.

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

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

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

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

tion. It will be used to establish your identity.

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

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

is less. Was the exclusion partially or completely used on

phone number, FEIN, and Oregon business identification

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

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

in only the unused amount of the $400 exclusion.

it blank and we will fill it in.

Partnerships. Enter $400 for only those partners whose

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

share of positive earnings are included in the amount on

name, SSN, share of partnership income, and individual

line 3. If any partner’s exclusion was partially or completely

exclusion for each partner. Your return cannot be processed

used on another 2012 Form TM, include on line 4 only that

without this information.

partner’s unused amount of the $400 exclusion. Each partner

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

Form Tm - Trimet Self-Employment Tax - 2012 Page 3

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