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This form is used by Oregon S Corporations to report excise and income taxes for the fiscal year. It requires the use of uppercase letters and specific ink colors and sizes. Tax information related

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What is form or-20-s?

Form OR-20-S is a tax return specifically designed for S corporations in the state of Oregon to report their income, deductions, and credits. It is used to calculate the tax liabilities of S corporations and ensure compliance with state tax laws.

Who is required to file form or-20-s?

S corporations doing business in Oregon or earning income from Oregon sources are required to file Form OR-20-S. This includes both domestic and foreign S corporations that meet the state's filing requirements.

How to fill out form or-20-s?

To fill out Form OR-20-S, you need to gather information on the corporation's income, expenses, deductions, credits, and shareholder information. The form must be completed accurately based on the corporation's financial records, and it can be filed electronically or by mail to the Oregon Department of Revenue.

What is the purpose of form or-20-s?

The purpose of Form OR-20-S is to report the financial activity of S corporations in Oregon, calculate the state tax owed, and provide transparency and accountability for tax compliance purposes.

What information must be reported on form or-20-s?

Form OR-20-S requires reporting of the corporation's total income, deductions, credits, and the total number of shareholders. Additionally, it includes specific schedules which detail income from various sources, adjustments to income, and the computation of the state tax liability.

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