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2013 Oregon Composite Return Form OC and Instructions for Pass-through Entities This publication is a guide, not a complete statement, of Oregon Revised Statutes (ORS) or Oregon Department of Revenue

How to fill out oregon composite return form

How to fill out the Oregon composite return form:

1. Start by gathering all necessary documents and information. This includes the names and social security numbers of all applicable shareholders, along with their respective income and deductions for the tax year.
2. Fill out the top section of the form, which includes the taxpayer information. Input your name, address, and taxpayer identification number.
3. Proceed to Part I of the form, where you will provide information about the entity itself. This includes the entity's name, address, federal employer identification number, and the tax year being reported.
4. In Part II, you will report the details of each shareholder included in the composite return. This includes their names, social security numbers, and their respective shares of income, deductions, and tax liability. Fill out this section accurately and ensure all calculations are correct.
5. If any shareholders have incurred credits, deductions, or tax payments, you will need to report them in Part III. Provide the necessary information and calculations for each applicable shareholder.
6. After completing the necessary sections, review the form for accuracy and completeness. Double-check all calculations and ensure that all required information has been provided.
7. Once you are confident that the form is accurate, sign and date it. If filed electronically, follow the instructions provided by the Oregon Department of Revenue. If filed by mail, make a copy of the completed form and any accompanying documents for your records before sending it to the appropriate address.

Who needs the Oregon composite return form:

1. Shareholders in an entity that elects to file a composite return may need to fill out the Oregon composite return form. This includes individuals who are nonresidents of Oregon but have income from Oregon sources.
2. Additionally, the entity itself may be required to file the composite return form if it has elected to do so on behalf of its qualifying shareholders.
3. It is important to consult with a tax professional or the Oregon Department of Revenue to determine if you need to file the Oregon composite return form based on your specific circumstances.

For pdfFiller’s FAQs

What is oregon composite return form?

Oregon composite return form is a tax form that allows pass-through entities to report and pay income taxes on behalf of nonresident members.

Who is required to file oregon composite return form?

Pass-through entities with nonresident members are required to file Oregon composite return form.

How to fill out oregon composite return form?

Oregon composite return form can be filled out by providing information about the pass-through entity, nonresident members, and their distributive shares of income.

What is the purpose of oregon composite return form?

The purpose of Oregon composite return form is to collect income taxes from nonresident members of pass-through entities.

What information must be reported on oregon composite return form?

Information such as pass-through entity details, nonresident members' information, and income allocated to nonresident members must be reported on Oregon composite return form.

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