Annual Exemption Request - City Of Portland Revenue Bureau (Page 2 of 2) in pdf

Annual Exemption Request - City Of Portland Revenue Bureau Page 2

Annual Exemption Request Instructions

The following numbers are taken from your IRS tax return. If you did not file the form or report income on a

line that is requested in a line item below, please enter $0 and proceed to the next line.

Sole Proprietor:

Schedule C: Enter the sum of the positive numbers reported on lines 3 and 6 of the primary Schedule C.

Include gross receipts from Schedule F if the taxpayer does not qualify for the “farming”

exemption.

Additional Schedule C: Enter the sum of the positive numbers reported on lines 3 and 6 of all other Schedule

Cs included on the Form 1040.

Schedule E: Enter the sum of the positive numbers reported on lines 3 and 4 “totals” of Schedule E.

Schedule D: Enter the sum of the positive numbers reported on lines 4 and 11 of the Schedule D, and capital

gains and interest from installment sales.

Partnerships:

1065:

Enter the sum of the positive numbers reported on lines 1c, 4, 6, and 7 from page 1 of the Form 1065.

Include gross receipts from farming operations (if the net income appears on line 5 of the 1065) if the

taxpayer does not qualify for the “farming” exemption per City of Portland Business License Law

§7.02.400 (H). Add the sum of the positive numbers reported on lines 3 and 5-11 of the Schedule K.

8825:

Enter the sum of the positive numbers reported on line 18a of Form 8825.

Corporations:

1120:

Enter the sum of the positive numbers reported on lines 1c and 4-10 from page 1 of the Form 1120

S-Corporations:

1120S:

Enter the sum of the positive numbers reported on lines 1c, 4, and 5 from page 1 of the Form

1120S. Add sum of the positive numbers reported on lines 3c-10 of the Schedule K.

8825:

Enter the sum of the positive numbers reported on line 18a of the Form 8825

IMPORTANT

The list of the components of total gross income amounts on this form includes the vast

majority of gross income components under the City/County laws but it is not necessarily all-inclusive. If there

are items of gross income that are includable under the City/County laws and not included on this form, they

should be included and explained on an attached statement

Annual Exemption Request - City Of Portland Revenue Bureau Page 2