Get the free Oregon 2012 Insurance Excise Tax - oregon

Este documento contiene instrucciones para completar el formulario 20-INS, que es utilizado para la declaración del impuesto de excise de seguros en Oregon. Incluye información sobre los créditos,

How to fill out oregon 2012 insurance excise

How to fill out Oregon 2012 Insurance Excise Tax

1. Gather required information: Ensure you have all necessary documents, including policy information and financial statements.
2. Obtain the appropriate form: Download the Oregon 2012 Insurance Excise Tax form from the Oregon Department of Revenue website.
3. Fill out the form: Complete each section of the form with accurate information, including gross premiums received and any deductions applicable.
4. Calculate the tax: Use the provided tax rates to calculate the excise tax owed based on your gross premiums.
5. Review your entries: Double-check all information for accuracy and completeness to avoid errors.
6. Sign and date the form: Ensure you sign and date the completed form before submission.
7. Submit the form: Send the completed form along with any payment to the Oregon Department of Revenue by the specified deadline.

Who needs Oregon 2012 Insurance Excise Tax?

1. Insurance companies doing business in Oregon.
2. Entities providing insurance coverage that are subject to excise tax.
3. Any organization or individual that receives gross premiums from insurance policies in Oregon.

People Also Ask about

What taxes does an LLC pay in Oregon?

Generally, pass-through entities like sole proprietorships, partnerships, and limited liability companies (LLCs) don't pay state income taxes themselves. Instead, the business's tax obligations pass through to their owners or members, who pay the taxes on their personal returns at the state's individual tax rates.

Is there a nol deduction in Oregon?

Oregon allows corporation NOLs to be carried forward for up to 15 years. There's no net operating loss carryback allowed. NOTE: ORS 317.665 ties insurance NOLs to the corporation excise tax computation under ORS 317.476.

What are the benefits of an LLC in Oregon?

How Can a Business Benefit from Becoming an LLC? Tax advantages. An LLC is a pass-through taxation entity. Inexpensive and easy to form. LLCs are relatively inexpensive to form and maintain. Flexibility with management and profit distribution.

How much does it cost to maintain an LLC in Oregon?

LLC Cost by State (as of 2025): State LLCLLC Filing FeeLLC Annual/Biennial Fee Ohio LLC $99 $0 (no fee and no information report) Oklahoma LLC $100 $25 (every year) Oregon LLC $100 $100 (every year) Pennsylvania LLC $125 $7 (every year)47 more rows • Jun 2, 2025

Do LLCs pay property taxes?

LLCs must pay property taxes.

What are the excise taxes usually?

Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco and other goods and services.

What taxes does LLC pay in Oregon?

Profits from an LLC aren't taxed at the business level like C Corporations. Instead, taxes are as follows: Owners pay self-employment tax on business profits. Owners pay state income tax on any profits, minus state allowances or deductions.

What is the excise tax in Oregon?

Oregon tax is calculated by multiplying Oregon Taxable Income by the applicable tax rates. Oregon's Corporate Income and Excise taxes have a two-tiered structure, applying a 6.6% rate to taxable income up to $1 million, and a 7.6% rate to taxable income above $1 million; the threshold is not indexed for inflation.

For pdfFiller’s FAQs

What is Oregon 2012 Insurance Excise Tax?

The Oregon 2012 Insurance Excise Tax is a tax imposed on insurance companies operating in the state of Oregon, based on their gross premiums written during the tax year.

Who is required to file Oregon 2012 Insurance Excise Tax?

Insurance companies and other entities engaged in the business of insurance in Oregon are required to file the Oregon 2012 Insurance Excise Tax.

How to fill out Oregon 2012 Insurance Excise Tax?

To fill out the Oregon 2012 Insurance Excise Tax form, entities need to accurately report their gross premiums, calculate the tax owed based on the applicable rates, and submit the completed form to the Oregon Department of Revenue by the due date.

What is the purpose of Oregon 2012 Insurance Excise Tax?

The purpose of the Oregon 2012 Insurance Excise Tax is to generate revenue for the state, which can be used for public services and infrastructure, while also regulating the insurance industry operating within Oregon.

What information must be reported on Oregon 2012 Insurance Excise Tax?

Entities must report total gross premiums, any deductions applicable, the calculated tax owed, and any other information required by the Oregon Department of Revenue on the Oregon 2012 Insurance Excise Tax form.