Form 20-INS Instructions Fillable
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)

$1 million or less multiply Oregon taxable income by 6 6% (not below zero) 10 percent of the gain that s includible in Oregon taxable 100 percent late pay and late filing penalty Include a 1341(a) See OAR 150 315 068 for more information on 20 percent failure to file penalty Include a penalty 4 percent of the consideration (sales price); 4 percent of the net proceeds (amount dispersed to the 5 percent failure to pay penalty Include a penalty Agricultural Workforce Housing Lender s Credit ORS All carryforward amounts are claimed separately from Alternative fuel vehicle fund (auction) credit If you Amended box and write the words Protective claim Amended checkbox Check the Amended box if this An NOL carryforward is required to be reduced by the and separate returns) 4 Announcements and common questions Annuity considerations; and Are doing business in Oregon; or Assembling Attach a schedule showing your computations Business identification number (BIN) Oregon identifies Calculate the amount of underpayment of estimated tax; Calendar year filers: April 15 June 15 September 15 Cancellation of debt (COD) income IRC 108(i) Taxpayers Charitable donations not allowed for Oregon Donations Child Claim of right income repayment adjustment when Compute the interest you owe on the underpayment; or Consolidated filers: one minimum tax applies to the Consolidated returns: the minimum tax is based on Contributions of Computers and Scientific Equipment Corporate Taxes on the left navigation bar then click Date the affiliate became part of the unitary group if Date the affiliate left the unitary group if this occurred Daytime telephone number Deferred gain recognized from out of state disposition Dependent Depletion Depletion (percentage in excess of cost) Percentage Depreciation differences If your Oregon depreciation Direct premiums; Don t send cash or postdated checks Don t staple payment to return Don t use Form 20 V payment voucher Don t use red or purple or any gel ink Due date of your return Returns are due by the 15th Enter Enter the deduction on Schedule AP 2 line 10a if taxable Estimated payments and prepayments Please identify Extension checkbox For an Oregon extension when Extensions Film production labor rebate Finance and service charge Form 37 checkbox If you have an underpayment you Forms instructions and law Gain or loss on the disposition of depreciable property Gain or loss on the sale of depreciable property The Have income from Oregon sources If the due date falls on a Saturday Sunday or legal holiday If you mail a check or money order to pay tax penalties If you owe a penalty or interest and have an overpayment If you re claiming credits that require certification Individual development accounts credit Insurers may carry net losses forward up to 15 years IRC 631(a) treatment of timber isn t recognized by Land donation or bargain sale of land to educational Life companies Annual statement Summary of Life companies: Annual statement amount included Life companies: Annual statement included in General Listed foreign Listed foreign jurisdictions income Taxable income Listed foreign jurisdictions previously included Long term care insurance premiums Making check or money order payments with your Making electronic payments with your e filed original more than $1 million multiply the amount that s more than $1 million by 7 6% and add $66 000 Name and address of each affiliate doing business in Name Generally a consolidated Oregon return is filed No quarterly payments are made during the year and Online payments Online payments You may pay directly online for any Oregon BIN Oregon doesn t allow net losses to be carried back Other addition See ORS 317 715 for the listed foreign Other additions include: Other subtractions include: P&C companies Annual statement Statement of P&C companies: Use tax on ordinary income from the Page 11 Exhibit 3 General Expenses; Page 11 Underwriting and Investment Exhibit; Page 12 Exhibit of Net Investment Income; and Page 4 Statement of Income; Page 4 Summary of Operations; Page 49 Page 8 Exhibit of Net Investments; and Page 94 Schedule T P&C Schedule of Premiums Page E 01 and E 03 Schedule A Part 1; Page E 01 Schedule A Part 1; Page E 03 Schedule A Part 3; Page Supp 6 Part II Allocation to Lines of Business Qualified research and development credit After you Realized Realized losses Realized losses on sales or exchanges Registration and account status Remember to attach any documentation required to be Renewable energy development contributions (auction) Sending check or money order payments separate Show you meet an exception to the payment of interest tax havens ) Tax year 2014 Taxpayers must take the full amount of a credit allowed The assessment isn t paid within 60 days after the The consideration for the real property doesn t exceed The minimum tax isn t apportionable for a short tax The Oregon deduction is the sum of unused net losses The property is acquired through foreclosure; The quarterly payment is less than the amount due for The total net loss deduction on a consolidated Oregon The transferor (owner) is a resident of Oregon or if a The transferor receives professional advice that the Trust for Cultural Development Account contributions under $500 000 $150 underwriting and Investment Exhibit page 11 lines University venture development fund contributions We receive the quarterly payment after that quarter s Workers Compensation Credit ORS 317 122 (for You file a return showing tax due or the Department You haven t filed a timely appeal $1 000 000 to $1 999 999 1 000 $10 000 000 to $24 999 999 15 000 $100 000 000 and above 100 000 $100 000; $2 000 000 to $2 999 999 1 500 $25 000 000 to $49 999 999 30 000 $3 000 000 to $4 999 999 2 000 $5 000 000 to $6 999 999 4 000 $50 000 000 to $74 999 999 50 000 $500 000 to $999 999 500 $500 before its expected net tax increased $7 000 000 to $9 999 999 7 500 $75 000 000 to $99 999 999 75 000 (4 percent yearly) on delinquencies if: (auction) carryforward 953 (Divide line 4 by the number of (Electronic Funds Transfer) This also applies to e filed (employer provided) carryforward 901 (employer provided) carryforward 907 (Exemption for certain out of state financial institutions) (Form 20 V must include a payment don t send Form (including extensions) The failure to file penalty is in (including Oregon minimum tax) included in the following (IRC 108; 168(k); and 179; ORS 317 301) (IRC 139A; ORS 317 401) (Keep for your records don t file with payment ) (MeF) Beginning January 2015 we ll accept e filed (must attach explanation) 399 (must attach explanation) 999University venture development (ORS 315 521) (ORS 317 322) (subject corporation) shall be included in Oregon income *$1 000 for the first quarter underpayment plus $1 000 [code 176] If a subject corporation s loss or item of [ORS 315 271(2)] [ORS 317 476(4)(b)] 1 2016 For more information on qualifying investments 1 Form 20 INS 1) (A) 150 314 525(1) (B) 150 314 525(1)(c) (A) 150314 525( 1)(d) 150 314 525(2) (A) and 150 314 525(2) (B) 1120 Schedule K 150 102 033 Don t combine amounts of multiple 150 102 037; 150 102 129 1 (Rev 10 14) 1 Form 20 INS Instructions 150 102 129 1 (Rev 10 14) 10 150 102 129 1 (Rev 10 14) 11 Form 20 INS Instructions 150 102 129 1 (Rev 10 14) 12 Form 20 INS Instructions 150 102 129 1 (Rev 10 14) 13 Form 20 INS Instructions 150 102 129 1 (Rev 10 14) 14 Form 20 INS Instructions 150 102 129 1 (Rev 10 14) 15 Form 20 INS Instructions 150 102 129 1 (Rev 10 14) 2 150 102 129 1 (Rev 10 14) 3 150 102 129 1 (Rev 10 14) 4 Form 20 INS Instructions 150 102 129 1 (Rev 10 14) 5 150 102 129 1 (Rev 10 14) 6 150 102 129 1 (Rev 10 14) 7 150 102 129 1 (Rev 10 14) 8 150 102 129 1 (Rev 10 14) 9 150 102 129 Title insurers aren t required to file a Form 150 102 129; 2 Schedule AP 20 1 and 20 4 20 INS and aren t subject to the minimum tax 20 INS line 12 20 INS line 27 20 INS only) 20 INS They file Form 20 20 INS); 20 V payment voucher 20 V unless a check or money order is included ) 2011 may require subsequent Oregon modifications 2014 Schedule ASC CORP Codes 2014 Tax Rates and Minimum Tax Table 3 Schedule AF Schedule of Affiliates (found with Form 31 2008 and before January 1 2012 for less than 315 204(7)] 315 213) 317 147 317 388) 317 655 include only the amount of state income taxes 317 in 317 010(11) 317 122 and 317 650 317 665 37 box in the header of your return 39 minus line 35 on line 40 4 Schedule ASC CORP Oregon Adjustments 150 102 033; 4) (ORS 317 665) 5 Form 37 Underpayment of Corporation Estimated Tax 503 947 2017 6 Other Oregon statements; 7 Oregon credit forms including notice of credit transfers 8 Annual Statement as indicated below; 9 Form 7004 Federal extension 90 days Attach a copy of your amended federal return A business is required to have an authorization agreement a refund due based on the retroactive adoption of federal a separate Other subtraction for the portion of the A The total of all Other credits is entered on Form A will be subject to UND charges for the first and Account contributions 170 Account contributions 722 account in the computation of Oregon taxable income Add the difference in gain or loss on sale of business Add to income the amount deducted as a charitable Add to income the amount of contributions deducted added back to Oregon income if the credit s claimed addition on the Oregon return As this income is subsequently addition See ORS 317 715 for the listed foreign jurisdictions addition to arrive at Oregon taxable income For more addition to the 5 percent failure to pay penalty Additions Additions 7 Additions and subtractions Additions and subtractions 2 administrative rules AF Schedule of Affiliates (found with forms 20 20 I affiliated group filing the consolidated return not to against calculated or minimum tax of C corporations agents in this state whose only activity is solicitation are Agricultural workforce housing construction 712Agricultural workforce housing all estimated payments claimed by completing allowance (ORS 317 374) already included in your Oregon taxable income reduce already reported on a specific line on your return Use Also add decreases in reserves for policies and also subject to the excise tax Companies having income Alternative fuel vehicle fund Alternative fuel vehicle fund (auction) 148 amended return on line 5 List name and FEIN of payer Amended returns and protective claims Amended returns and protective claims 5 amended returns For paper returns you may pay online amortized portion of contribution for past service credits amount (ORS 317 151) amount of any prior underpayment plus the amount of Amount of each payment 5 amount of interest as a positive number Attach a schedule amount of your deduction (ORS 315 326) amount you want to apply Your election is irrevocable amounts amounts of multiple corporations amounts on the annual statement: An amended return may be filed as a protective claim an item of gross income is less under Oregon law than an Oregon return an Other subtraction See Other additions for how and 20 INS) by listing the corporations included in your and capital loss carryovers and carrybacks of $1 million and certifications; and check the Amended box If you re amending to and December 15 and entities visit www oregon4biz com (ORS 315 533) and Fiduciaries 150 101 025 to determine the and forms visit www oregon gov/dor/business click on and fourth quarters Corporation A must make a timely and include a completed Form 20 V with the Amended and insurance companies doing business in Oregon and Partnerships 150 102 171; and reciprocal exchange and its attorney infact and should skip questions E and F and submit it with your Oregon return and submitting your return Submit and the corresponding administrative rules and transportation insurance Enter amount from Part annual statement (due to an excess of refund for a prior Annual statement 4 Annual statement Form 20 INS isn t based on the federal annual statement included in Statement of Income annual statement to the insurance commissioner any amounts not already included in the computation of any one of the last three years not including the current any unitary corporation that s incorporated in a listed AP 1 lines 18 through 20 column (A) See the instructions Appendix A Appendix A 2014 Schedule ASC CORP code list 13 Appendix B Appendix B 2014 tax rates and minimum tax table 15 applicable to or accepted by the insurance industry application will be credited as of the due date of your applies to individual nonresidents as well as C corporations apportion business income for Oregon tax purposes use Apportioned returns C corporations and insurance Apportionment of Income for Corporations appropriate corporations are doing business in Oregon or with income from an are justified by accounting and actuarial practices are subtracted from excise tax The remaining tax is then aren tified of the change by the IRS to issue a deficiency as a partnership) with one or more nonresident owner as an Other addition See ORS 317 715 for the listed foreign as if you were subject to apportionment using Schedule as reported above on lines 1 through 6 or the amount by Assembling and submitting returns 6 assets are limited to cost of depletion (ORS 317 301) assets when your Oregon basis is less than your assigned to Oregon for preceding taxable years Association (OLHIGA) offset at the top of the form and include it with your Oregon available except for applicable carryforward purposes: back if the Oregon credit s claimed under ORS 315 610 back the amount of contribution for which a tax credit back to income if the Oregon credit s claimed (ORS back to your Oregon taxable income based on a 365 day year If your taxable income is basis (ORS 317 356) basis and methods of computing such reserves that be adjusted for IRC 631(a) gain For Oregon purposes be made on your Oregon return for donations to such be subject to UND because of a retroactive adoption of federal law changes been excluded from your federal consolidated taxable before filing your Oregon return Include any payments before January 1 2017 an interstate broadcaster s apportionment before January 1 2020 the amount of the credit has been beginning Annually Monthly Daily Beginning January 1 2014 the following tax credits aren t Beginning on January 1 2014 the biomass production or beginning on or after January 1 2017 method of apportionment BIN if you ve made payments to the state of Oregon for Biomass production or collection 743 Biomass production or collection carryforward 943 Biomass production or collection credit both in Oregon and another state box checked business day Business energy conservation Business energy conservation facilities 703 Business identification number (BIN) 5 business in Oregon that are included in this return by EFT if you re required to make your federal estimated by law or by rules or directives of the director of the C corporation has a permanent place of business in Calculate the amount of underpayment of estimated Calculated Tax Cancellation of debt (COD) income 108(i) 365Deferred gain from out of state care credits The business expense Care Office contributions The deduction carried to your Oregon return it is a positive Other carry total to Form 20 INS line 32 Caution: If your final tax certification is made that s included in net income from change additions subtractions or credits include detail changed because of a federal or state audit and you owe changes If a taxpayer files an amended return showing changes that haven t been included in the computation charged the 5 percent failure to pay penalty Charitable donations not allowed for Oregon 132 charitable organizations checkbox below Include your extension as the final Child Care Office contributions 153 Child Care Office contributions 705 Child Care Office contributions carryforward 905 claim any amount you paid for this credit as a deduction Claim of right 706 Claim of right credit A claim of right exists when you re Claim of right income repayment 173 claiming this credit carryforward and must limit the code if this is your first return or the current code is different collection credit isn t allowed for canola grown collected companies doing business in more than one state that Companies registered with the Insurance Division to companies: Annual statement included in Compute the amount of interest you owe on the computing the credit Considerations consolidated Oregon return that: Consolidated return filers If estimated payments were construction carryforward 912Alternative fuel vehicle fund (auction) 753 contribution (ORS 315 675) contribution carryforward 949Reservation enterprise zone 728Trust for Cultural Development contributions (auction) 175 contributions carryforward 937 Contributions of computers or controlled by foreign insurers are required to file copy of the federal or Insurance Division audit report Corporation A s correct amount of each required installment corporation for Oregon tax purposes Corporation Form 20 INS corporation name and Federal employer identification corporation return When the 15th falls on a Saturday corporations corresponding administrative rules credit deduction attach an explanation and a separate credit if your federal tax liability is computed under IRC Credit ORS 317 151 credit s claimed Any deduction under IRC 1341 Credits Credits 2 Credits and offsets Credits and offsets 10 credits including links to certifying agencies Crop donation 820 Crop donation carryforward 403 Crop donation credit current year credits customers who are domiciled in Oregon For tax years date Don t send the extension until you file your Oregon date is the 15th day of the month following the federal date of the original return until the date you pay in full date of your return (not including extensions) or the date day of the month following the due date of your federal deducted for providing dependent care assistance deducted in net income from operations must be deducted in net income from operations must be added deductible as charitable donations for Oregon tax purposes Deferral of certain deductions for tax years beginning Deferred gain from out of state Department of Consumer and Business Services other Dependent care assistance Dependent care assistance (employer provided) 707 Dependent care facilities Depletion (Oregon in excess of federal allowance) 362 depletion is allowed only on metal mines All other Depreciation differences 353 Depreciation Schedule for Individuals Partnerships Corporations Description Code Description Code Description Code Description Code Description Code description of each difference not already reported elsewhere Diesel engine replacement carryforward 404 Diesel engine repower or retrofit carryforward 405 difference in gain or loss on the sale of business assets disadvantaged by the requirement (OAR 150 314 518) disclosure to a donor to acknowledge this The Attorney disposition of property 118Dependent care credits 155Depletion (percentage in excess of cost) 166Depreciation differences 174Film production development contributions 157Gain or loss on disposition of depreciable property 158Individual development accounts credit 113IRC 631(a) treatment of timber disposition of property 352 disqualifying order from the Attorney General aren t do business in Oregon but who don t actually do business doing business in Oregon Insurance companies with doing business only within Oregon can calculate domestic insurance companies (incorporated in Domestic production activities (QPAI) (IRC 199; Don t amend your Oregon return if you amend the federal Don t make payments for amended returns with EFT donated or the amount of the reduction in sales price of Donations due date An interest period is each full month starting Due date of return Extensions 5 due date; or during the tax year being reported E file E file 4 e file your original return e filed returns you may pay online or send a check or each corporation using a BIN we assign You have a each individual affiliate included in the consolidated EF T You must make your Oregon estimated payments EFT payments for corporation estimated taxes must be Electronic commerce in enterprise zone Electronic commerce in enterprise zone or city 710 Energy conservation project 750 Energy conservation project carryforward 950 Energy manufacturing facility 748 Energy manufacturing facility carryforward 948 Energy transportation project 751 Energy transportation project carryforward 951 enter less than zero enter that name on the second line Enter the FEIN and BIN of the corporation named as Enter the following penalties on your return if they apply entered on Schedule AP 1 line 21 column (A) If you re entire Oregon taxable income of intervening tax years entity (S corporation partnership or LLC treated Estimated payments and prepayments 5 Estimated payments may be made by electronic funds estimated tax laws You must make estimated tax payments Estimated tax payments Estimated tax payments are due quarterly as follows: estimated taxes (UND) You must make quarterly estimated Even if you get an extension to file you ll owe interest if Example: During the year Corporation A s expected net except DO use a Form 20 V payment voucher exception listed in OAR 150 314 775 See instructions for Exception: The carryforward of the credit for contributions Exception: You won t be charged the 5 percent failure exchange See ORS 317 327 regarding the computation exchanges of assets including non admitted assets Exempt Exempt surplus lines insurance companies and expense has been excluded from your federal consolidated Expenses page 11 exhibit 3 lines 3 4 and 6 column 5 extension s due date Don t send the extension before facilities carryforward 903 facilities carryforward 904 Fast Accurate Secure Federal and Insurance Division audit changes Federal and insurance division audit changes 4 federal basis (ORS 317 356) federal extension Form 7004 write For Oregon Only federal extension with the Oregon return when you federal return You can also conveniently include an electronic payment with your e filed original return See E file Federal subsidies for prescription drug plans file a 20 INS checking the Amended box and attach a file a consolidated federal return (subject corporation) file Check the Extension checkbox on your Oregon File corporate tax returns through the Federal/State E Filing Program If you re mandated to e file your federal return file Form 20 INS Form 20 INS filers are subject to the file your return within three months after the due date filed with us before it can start initiating EFT Filing checklist Filing information Filing requirements Filing requirements 4 filing then click on Tax professionals Fill in the total estimated tax payments made Film production development Film production development contributions 737 Film production labor rebate 336 fiscal year short year and amended electronic corporation Fish screening devices 714 Fish screening devices carryforward 914Individual development accounts 715Individual development accounts carryforward 915Lender s credit: affordable housing 802Lender s credit: affordable housing carryforward 902Lender s credit: energy conservation carryforward 409Long term care insurance 716Long term rural enterprise zone facilities 804Long term rural enterprise zone For a complete list and description of all Oregon corporation For a list of software vendors or for more information for a tax year while an issue is being litigated Check the For an Oregon only extension: Answer question 1 on For definition of a subsidiary in an affiliated group For example April 16 through May 15 is one full interest for federal income tax purposes it will be treated as a for life insurance companies for Line 42 For more information see ORS 314 525 OAR 150314 525( For more information see ORS 317 715 and the corresponding For more information see Special filing requirements For more information visit www oregon gov/dor/e filing For periods for refund at the top We ll also accept a written letter For tax years beginning on or after January 1 2014 and For tax years beginning on or after January 1 2014 the For tax years starting January 1 2014 and later exemption for the insurance sales factor for the reacquisition of a debt instrument after December for the second quarter underpayment plus $1 500 for the forecast for the biennium by more than 2 percent Any Foreign and domestic domiciles (consolidated Foreign and domestic domiciles (consolidated and Foreign and domestic insurance companies including Foreign insurers and domestic insurers controlled by foreign foreign jurisdiction and isn t otherwise required to Form 20 INS enter the net excise tax per the original Form 20 INS Instructions Form 20 INS Instructions Form 20 INS Instructions Form 20 INS Instructions Form 20 INS Instructions Form 20 INS Oregon Insurance Excise Tax Return Form 20 Instructions 150 102 020 1 Form 20 V Corporation Tax Payment Voucher 150 102 172 Form instructions fourth quarter payment of $1 500 fraternal benefits companies 4 from an Oregon source such as premiums from existing from corporation tax for certain out of state financial from farm production carryforward 411 from filing your return Follow the instructions above from operations in determining your Oregon taxable from operations the difference is a required modification from participation in the EFT program if you would be from the annual statement included in Summary of from the day after the due date of your original from the list in Appendix A The total of all Other subtractions from us to avoid being charged a 5 percent late payment from your federal consolidated taxable income as from your federal consolidated taxable income as carried from your previous year s tax return or an Oregon from your return write Amended on the payment fund contributions 171 fund contributions 739 fund contributions carryforward 939Voluntary removal of riparian land future excess corporate revenues will be appropriated to Gain or loss on sale of depreciable property 356 gains Add realized gains on sales or gains or losses realized or unrealized in the value of the General General 2 General will publish online and otherwise make Go Electronic! greatest presence means the member that has the group enter the name and FEIN of the parent corporation have calculated the credit you must add the amount have federal taxable income before net operating loss having the greatest presence in Oregon Having the Heading and Checkboxes Heading and Checkboxes 6 home warranty companies (but not title insurers) that home warranty companies are required to file However this provision doesn t apply to a high income If a portion of income of a subject corporation was If a subject corporation s income has been excluded If a subject corporation s loss or item of expense has If an entity is classified or taxed as a corporation If any portion of a subject corporation s income loss or If Oregon taxable income is: If paying additional tax with your amended return you If the amount on line 4 is less If the corporation is doing business under a different If you change taxable income by amending your federal If you claimed a deduction for the amount you If you claimed a federal deduction an addition must If you don t amend or send a copy of the federal or other If you don t have a BIN one will be assigned when If you don t make estimated payments as required you If you don t meet the federal requirements for mandatory if you don t pay the tax balance by the original filing if you expect to owe tax of $500 or more with your If you file a consolidated Oregon return and have more If you file with a valid extension but didn t pay 90 If you have an underpayment attach Form 37 with If you owe interest on deferred tax liabilities with respect If you re required to e file with the IRS you re also If your current year corporation tax liability including If your expected net tax changes during the year divide If your registered corporation or insurance company isn t doing business in Oregon and has no Oregon source income II Allocation to Lines of Business Net of Reinsurance Important Important: Important: Attach copies of all credit certifications to your Important: Don t report a subtraction that s already Important: Don t report an addition that s already Important: For details about making other payments in an affiliated group or a parent subsidiary controlled in Form 20 Instructions Oregon 2014 Corporation Excise Tax In general Oregon income tax law is based on federal in net income from operations and used to calculate in Oregon or with Oregon source income that are in place of an amended return Include the same in reserves described in the instructions for additions in Summary of Operations page 4 line 32 plus the in the name of the common parent corporation If the in the state during the tax year and don t have Oregon Include as many schedules as necessary to list all the include the following pages from the Annual included [code 177] Include a schedule with your included in net income from operations included in net income from operations must be added included in Oregon income (ORS 317 301) included in the Oregon consolidated return included in your consolidated federal return included income 367 included loss or expense 177Long term care insurance premiums 163Qualified research and development credit 167Realized gains not in net income from operations 172Renewable energy development included on lines 15 and 16 included on lines 8 through 11 income income (ORS 317 394) Income 7 income and must repay it Oregon allows a claim of right income as carried to your Oregon return it is a income For more information see ORS 317 715 and the income for the year Income page 4 line 37 income tax law Oregon is tied to the federal definition of income Taxable income of any unitary corporation income taxes deducted in computing net income from income that was previously included Don t combine income was previously included claim a separate Other incorporated in a listed foreign jurisdiction and isn t increased from 10 percent of the value of the quantity Industry Classification System (NAICS) codes found Information contained herein is a guide For complete details of law refer to information in the letter as is required on an amended information or referral services must be reduced by information see ORS 317 715 and the corresponding installment that next becomes due on or after the due institutions Enter the fair market value of land institutions is no longer available (ORS 317 057) Insurance companies must file a Form 20 INS if they re insurance excise tax returns on a separate basis Unitary insurer s net gain from operations or (b) result from net insurer s property and investments insurers aren t allowed to file consolidated returns interest Interest accrues on any unpaid tax during an extension Interest is figured daily for a fraction of a month Interest owed on tax starts the day after the due date of Interest rates and effective dates: Interest will increase by one third of 1 percent per month internet site or through your financial organization If Interstate broadcasters (HB 4138) investments made on or after January 1 2014 and before July IRC 501(c)(8) irrevocable is $1 500 Because of its increased net tax Corporation is an addition on your Oregon return is an amended return is based on Oregon sales Use the table in Appendix B is determined For more information see ORS 317 715 is entered on Form 20 INS line 17 Is Oregon taxable income $1 million or less? If so multiply Is Oregon taxable income greater than $1 million? If so is still disconnected from: isn t allowed to be applied to minimum tax If you re isn t otherwise required to file a consolidated federal isn t the same as the amount included in net income it s a negative Other addition [code 177] item of expense was already included in your Oregon item of gross income is greater under Oregon law than Items with a specific line on the form don t have a code See Form 20 INS its adjusted issue price were allowed to elect deferral January 1 2012 5% 0 4167% 0 0137% January 1 2013 4% 0 3333% 0 0110% January 1 2014 4% 0 3333% 0 0110% January 1 2015 4% 0 3333% 0 0110% jurisdictions jurisdictions loss Taxable loss of jurisdictions Use the subject corporation s net loss as Land donation or bargain sale of land land sold to a school district The subtraction is limited largest Oregon property value as determined under law changes we won t pay interest law than reported above is a subtraction on your Oregon liability when you file your Life Insurance companies should include the following Line 10 Penalty interest on prepayment of loans Add Line 11 Decreases in certain reserves These are Line 12 Total other additions The amount by which an Line 15 Amortization of past service credits Subtract the Line 16 Increases in certain reserves Subtract increases Line 17 Total other subtractions The amount by which Line 2 Income expenses and other items attributable Line 20 Net loss deductions Line 22 Calculated excise tax Don t enter minimum Line 23 Minimum tax The minimum tax for C corporations Line 24 Tax (greater of line 22 or line 23) Oregon tax is Line 25 Tax adjustment for installment sales interest Line 26 Tax before credits (line 24 plus line 25) Line 27 Total other credits Use Schedule ASC CORP to Line 28 Fire insurance gross premiums tax credit Line 29 Oregon Life and Health Insurance Guaranty Line 30 Total credits/offsets Credits against excise tax Line 31 Net excise tax (line 26 minus line 30) Don t Line 32 Estimated tax and prepayments Line 33 Withholding payments If taxes were paid on Line 36 Penalty To avoid penalty and interest you must Line 37 Interest You must pay interest on unpaid taxes Line 38 Interest on underpayment of Oregon corporate Line 40 Total due See Filing checklist Line 42 Amount of refund to be credited to estimated Line 5 Underwriting profit derived from wet marine line 6 enter payments made with your extension or other Line 8 Federal income taxes Add the amount of federal Line 9 State income taxes (all jurisdictions) Per ORS Line instructions List on Schedule AF only those affiliates doing business listed foreign jurisdiction and isn t otherwise required Listed foreign jurisdictions income 176Listed foreign jurisdictions loss 177Listed foreign jurisdictions previously Listed foreign jurisdictions income or loss (formerly Listed foreign jurisdictions previously Listed foreign jurisdictions previously included loss carryovers and carrybacks of $1 million or more in loss or expense If any portion of loss or expense loss or expense that was previously included Include a losses forward only made to qualified plans and exempt employee trusts The made under a different name fill in the paying corporation s made using our EFT program This program allows payments made with Form 20 V Also include any refund applied mail any tax payment owed by the original due date of Mail If paying by mail send each payment with a Form Mail this separately from your current year s return to: make estimated payments Don t complete this form make sure to include a copy of the certification with makes an election to join in the filing of a composite May 31 2013 Con Way Inc & Affiliates v Department of may be subject to interest on underpayment of estimated may file consolidated returns Mile based or time based motor vehicle insurance 805 minimum tax Minimum tax table C corporations only money order separately If you mail your payment separate more tax we ll charge interest from the due date of the More time to file doesn t mean more time to pay your Most credits are used to offset Tax before credits on line 26 multiply the amount that s greater than $1 million by 7 6 must be claimed in the following order: Other credits must include a completed Form 37 Check the Form must include interest with your payment Interest is figured name [for example a doing business as (DBA) name] name and FEIN on the schedule for correct application name FEIN and Oregon BIN negative Other addition to arrive at Oregon taxable Net excise tax Net excise tax 10 net income on the annual statement Net of Reinsurance; Net tax (line 2 minus line 3) 4 next estimated tax payment installment Your election is Nonapportioned returns Domestic insurance companies not already reported elsewhere on your return Use the not recognized by Oregon 162 not subject to apportionment compute your Oregon sales Note: Corporation excise tax filers pay the greater of calculated tax or minimum tax Note: Don t report losses from a subject corporation as Note: If a deficiency is assessed against any taxpayer Note: Per the Oregon Supreme Court decision issued notice of assessment is issued; and notice To receive a refund you must file a claim for number (FEIN) if a payment was made by an affiliate numeric description code from the list in Appendix A OAR 150 314 258 for more information obligations outstanding before the beginning of a foreign corporation (subject corporation) that s of a subject corporation s loss or item of expense was of all items and amounts including carryovers of any unitary corporation that s incorporated in a of assets including non admitted assets that weren t of business income for the interstate broadcaster of computers or scientific equipment for research of each required installment of estimated payments of income recognition for federal purposes but not for of net gain from operations in the annual statement of net income from operations Add decreases in mandatory of property acquired in an IRC 1031 or 1033 of Revenue has assessed an existing deficiency; and of sales of Oregon real property by nonresidents This of tax was made whichever is later of tax was made whichever is later See instructions of the addition if deferred gain or loss was not taken into of the crop donated computed at the wholesale market of the filing corporation of the month following the federal extension s due of the subtraction if deferred gain or loss was not of the taxable year resulting from changes in the of time to file on 2014 Credits under What s new for 2014 on a voluntary basis on an estimate of Oregon s national audience or subscribers on line 35 and your overpayment is less than on or after January 1 2009 and before January 1 On the estimated tax payments line on your amended On the first line enter the corporation s true name (as on the Oregon return The Oregon extension due on your check or money order: on your Oregon return (ORS 315 521) on your Oregon return (ORS 317 301) Use the on your Oregon return (ORS 317 356) Use the on your return Use the numeric description code online or mail with Form 20 V on or before the Online See www oregon gov/dor for more information only if different from corporation filing this return On operations as a deduction (ORS 315 514) operations If a net refund of federal tax is shown on the Operations page 4 line 34 Operations page 4 line 43 Operations page 4 line 44 Operations page 4 lines 5 and 8 1 of the annual statement or a parent subsidiary controlled group see IRS Form or city carryforward 910Employee and dependent scholarship or estimated tax for corporation excise or income tax or include a check or money order with your return For or interest portions of payments already made or interest separate from filing your tax return include or more in any one of the last three tax years not including or other prepayments 11 or produced in the Willamette Valley (ORS 315 141) or retaliatory tax for any tax year and the change affects or scientific equipment for research credit are applied or the answer changed during the tax year or the Insurance Division changes your Fire Marshal tax Oregon Oregon 2014 Insurance Excise Tax Oregon Both beginning and ending inventories must Oregon charges UND if: Oregon Corporation Form 20 INS Oregon deduction in excess of federal Oregon Department of Revenue Oregon Department of Revenue Oregon doesn t have an amended return form for corporations Oregon estimated tax laws aren t the same as federal Oregon follows the federal entity classification regulations Oregon Form OR 19 Annual Report of Nonresident Owner Oregon income See ORS 317 715 for the listed foreign Oregon Insurance Excise Tax Return Oregon Insurance Excise Tax Return must file on a calendar Oregon modification Oregon net income expected in 1 Oregon or with Oregon source income Oregon Revised Statutes (ORS) and Oregon Administrative Rules (OAR) Oregon sales by adding the following: Oregon sales of filing group Minimum tax Oregon sales of the affiliated group of corporations filing Oregon source are required to file Oregon source income you must complete Schedule AF Oregon surplus rebate credit Oregon taxable income by 6 6 percent and enter the Oregon The exclusion from federal income created an Oregon) not controlled by foreign insurers incorporated organizations receiving a disqualification order original due date of your return Note: Form 20 V payment original due date or by the extended due date if you file original or extended return filing due date of the third original return to the date you pay in full ORS 314 655 (see Schedule AP) ORS 317 398) Other additions Other credits Other credits (continued) Other subtractions otherwise required to file a consolidated federal return outside of Oregon must file consolidated returns if they Owner of a Pass through Entity or meets another P&C and life companies See note(s) in the NAIC annual page 4 line 19 page of your return when you file page Supp 6 lines 8 and 9 column 41 of the P&C annual pages from the Annual Statement: paid for your Oregon Renewable Energy Development paper return Make your check or money order payable parent corporation isn t doing business in Oregon file participation in the EFT program you may participate Pass through entity withholding requirement A passthrough Pay all tax and interest due when you file an amended pay by the original due date even if you have an extension pay we ll charge interest starting the day after the due Payment due dates payment of 20 percent of your unpaid tax if you don t payment of 5 percent of your unpaid tax if you don t Payment options payments (usually four) to determine the correct amount payments by EFT The department may grant a waiver Payments on Real Property Conveyances 150 101 183 or Payments penalty interest and UND Payments penalty interest and UND 11 payments The EFT help/message phone number is payments when e filing your original return Payments with your return 5 payments you need to make payroll taxes; workers compensation; unemployment; penalty penalty payment of 100 percent of your unpaid tax if per year (ORS 314 078) percent and add $66 000 Enter the result percent of your tax by the original due date you ll be period If you file an amended return and have tax to Please report the following on Schedule AF: PO Box 14777 PO Box 14790 policy holders are doing business in Oregon and must Pollution control facilities 725 Pollution control facilities carryforward 925 Premiums prepayments previously included in Oregon taxable income claim previously included income with Other additions price to 15 percent (ORS 315 156) production development contributions Add program payments 711Employee and dependent scholarship program payments carryforward 911 Property and Casualty Insurance companies should Provisions regarding this tax are found in ORS Chapter publicly available information identifying the charitable Qualified equity investment 806 Qualified equity investment carryforward 906 Qualified equity investment tax credit Qualified research activities 819 Qualified research activities carryforward 919 Qualified research alternative 813 Qualified research alternative carryforward 913 Question D Refer to the current list of North American Question E(1) If you checked the box attach a list of Question E(2) If you checked the box complete Schedule Question E(3) If you checked the box attach a list of corporations Question F A low income taxpayer is one that didn t Question G If the Oregon corporation is a subsidiary Question H Enter the total number of corporations doing Question M If you re subject to apportionment Oregon Questions Questions 6 Questions A C Complete only if this is your first return rate and minimum tax) Realized losses not in net income from operations 363Uncategorized subtraction received as a labor rebate and included in net income recognized on your federal return you may Reduce the Other addition loss for the portion of the reduced by the OLHIGA offset Reforestation carryforward 410Renewable energy development contribution 749Renewable energy development Refund applications refund of tax within two years of the date of the federal Refunds or no tax due returns mail to: Repeal of ORS 317 057 report Report each subject corporation s income or loss as a Report each subject corporation s income or loss as a report the amount and description of Other credits not reported above on lines 1 through 6 or the amount by reported on line 18 Schedule C of federal Form 5471 reported on line 18 Schedule C of federal Form 5471 required third quarter installment equals $3 500 required to be included in the determination of federal required to e file for Oregon We accept calendar year Requirements requirements is met: Requirements Payment due dates Payment options 3 requirements: reserves that the insurer is required to maintain result Enter 0 if the result is negative or zero return return return (not including extensions) or the date the overpayment return (subject corporation) shall be included in return and return and include the extension after all other attachments return at www oregon gov/dor return doing business in Oregon return is $500 or more you may return is the sum of the net losses available to each of return or as previously adjusted Don t include any penalty return or within 30 days after receiving a billing notice return sends us a signed Oregon Affidavit for a Nonresident return This form begins with Net income from the return This includes Oregon s minimum tax return to carry a net operating loss back to prior return to explain how each amount is determined return up to the day your full payment is received by us return We accept electronic payments when you return We ll hold your protective claim until you notify return when claiming any certified credit return when you file Check the Extension checkbox return you must file an amended Oregon return within returns for 2013 and 2012 returns for tax year 2014 and will continue accepting Revenue 353 Or 616 302 P 3d 804 (2013) all corporation Salem OR 97309 0470 Salem OR 97309 0960 sales is the amount of Oregon total insurance sales Schedule AF instructions Schedule AF instructions 12 Schedule ES Estimated tax payments Schedule ES Estimated tax payments or other prepayments Schedule ES on your return List all payments that Schedule T Premiums and Annuity schedule to your return that shows the carryforward schedule with your return to explain how each amount scientific equipment for research carryforward 900 second quarters To avoid UND charges for the third see e filing at www oregon gov/dor See instructions for Oregon Form OR 18 Report of Tax See Interest rates See Other additions for more information See the instructions for the extension seller); or separate amount on Schedule ASC CORP Oregon Adjustments separate amount on Schedule ASC CORP; don t combine separate returns) Foreign insurers and domestic insurers set forth in the charter or legal document creating it) shall be claimed in three consecutive tax years beginning shall be included in Oregon income as a negative shall be included in Oregon income as an Other share (ORS 314 684 and 314 680) share of income Show you meet an exception to the payment of showing how you figured the interest societies aren t subject to the excise tax if exempt under source income aren t required to file Oregon Form Special instructions state audit report we have two years from the date we statement statement about retirement plans Statement: strengthening or reserve weakening submitted to claim credits including certifications subtract for Oregon the amount that was previously Subtract tax credits allowable in 3 Subtract the amount subtraction [code 367] for the portion of the income that subtraction is for amounts not deducted in the computation Subtractions Subtractions 9 Such organizations are required to provide a Such practices are commonly known as reserve Sunday or legal holiday the due date is the next Surplus lines insurance companies and fraternal benefit surplus revenues will no longer be credited to corporate Table of Contents taken into account in the computation of Oregon taxable tax (UND) If you have an underpayment refer to Form 37 Tax 10 Tax Annual interest rate Number of full years tax balance Tax biennia beginning on or after July 1 2013 Oregon Tax credit sunsets tax credit you ll have an Oregon addition for the tax credits except for the Contributions of computers Tax Daily interest rate Number of days Tax due returns mail to: tax increased from $2 000 to $6 000 Corporation A made Tax Monthly interest rate Number of full months tax on capital gain that was netted out of the amount Tax on Oregon net income (see 2 tax on this line Determine your calculated tax as follows: Tax Payment Voucher and Instructions 150 102 172 Tax Payments 150 101 182 for more information tax payments if you expect to owe $500 or more tax rate tables for corporation tax tax returns utilizing the IRS Modernized e file platform tax To avoid penalty and interest pay tax due prepayments Tax year 4 Tax year All insurance companies required to file an tax You may elect to apply part or all of your refund to taxable income as carried to your Oregon return taxable income as of December 31 2013; however Oregon taxable income before net operating loss and capital taxable income it won t be included again If a portion of Taxable income or loss of any unitary corporation that s taxable income per ORS 317 715 was already included in taxed on income and later find you have no right to that taxpayer A high income taxpayer is one that had federal taxpayers when actual revenues exceed the revenue than $500 stop You don t have than decreases that (a) are deducted in arriving at the than one affiliate doing business in Oregon or with than you reported for last year that aren t doing business in Oregon The amount that aren t included in this Oregon return List each corporation s that has no other Oregon source income is required to that quarter; or that s incorporated in a listed foreign jurisdiction and that weren t included in net income from operations the amended net tax amount by the number of required the amount of dependent care credit claimed [ORS the bill you receive from us the corporation s behalf enter the amount on line 33 the corporations included in your consolidated federal the corporations subject to the limitations in OAR 150317 476( the current required installment [OAR 150 314 515(2)] the current year the deduction on line 20 if taxable only by the filer on the consolidated Oregon return the final tax debt is $500 or more the Form 37 box checked to your tax return and file the greater of total calculated tax or minimum tax the minimum tax is less than $500 you don t need to the numeric description code from the list in Appendix The Oregon extension due date is the 15th day the Oregon sales amount from line 21(a) on Schedule AP the original due date of the return and the Other addition loss for the portion that was previously the overpayment of tax was made whichever is later The The requirement is waived if the nonresident owner the return in the name of the member of the group the State School Fund (ORS 291 349) the tax return You must also mail your tax return by the The total of all Other additions is entered on Form the University Venture Fund Contribution credit taken them before the due date of the return then Fire insurance premiums tax credit These credits then on the left navigation bar click on Electronic then you don t need to file a corporation tax return There is a requirement to withhold tax from the proceeds There is no explicit item in the annual statement there is no taxable event until actual sale (ORS 317 362) third quarter estimated payment of $3 500* and a timely This is usually 4 ) this occurred during the tax year being reported this state; or Tie to federal tax law timely first and second quarter estimated payments of to 50 percent of Oregon taxable income (ORS 317 488) to a charitable organization that has received a To avoid additional charges for UND you must pay the to be initiated by touch tone telephone a secure to be withheld is the least of three amounts: To calculate interest: to educational institutions 350 to extend the statute of limitations for a refund request to file a consolidated federal return (subject corporation) to installment obligations under ORS 314 302 enter the to make estimated tax payments to Oregon Department of Revenue Write the following to pay penalty if you meet all of the following to report a loss For more information see ORS 317 715 to report the amount and description of each difference to separate accounts Enter amount from Summary of To speed processing: to your amended Oregon return and explain the adjustments to your Oregon return it s a positive Other addition Total due or refund Total due or refund 12 Total On line 8 enter the total of lines 1 through 7 then total penalty and interest then fill in the result of line transfer (EFT) directly online or by mail transfer won t result in Oregon taxable income Trust for Cultural Development Uncategorized addition (must attach explanation) 199University venture development Uncategorized credit (must attach explanation) 899 Uncategorized credit carryforward Underpayment of Oregon Corporation Estimated Tax 150 102 037 underpayment; or University venture development university venture development fund contribution credit upcoming tax year us the litigation has been completed Use Form 37 to: Use Schedule ASC CORP Oregon Adjustments 150 102 033 Use Schedule ASC CORP to report the amount and Use the form for the tax year you re amending use the next regular business day Use the subject corporation s net income as Use the subject corporation s net income or loss as Visit us online: www oregon gov/dor voucher isn t an extension of time to file or to pay was previously included Don t combine this amount we ll cancel any penalty or interest pertaining to the We will apply the elected amount to the estimated tax Weatherization lender s credit carryforward 917 were included in consolidated federal returns An interinsurance were submitted prior to filing your return Include the What form do I use? What form do I use? 4 What s new? What s new? What s new? when your Oregon basis is greater than your federal which an allowable deduction is greater under Oregon which any allowable deduction is less under Oregon law Who must file with Oregon? Who must file with Oregon? 4 will be determined based on the broadcaster s will revert to pre HB 4138 law and will be based with a valid extension attached With approved third party software you can e file your return complete with all schedules attachments and required with income that arose from cancellation of debt with the day after the due date of the original return with the Other addition to report income If any portion with the year in which the credit s initially allowed with your federal tax return instructions Only enter the with your return see Filing checklist with your return This includes Oregon s minimum tax withhold tax on the nonresident owner s distributive Withholding isn t required if one of the following Wolf depredation 818 Wolf depredation carryforward 918 Worksheet to calculate Oregon estimated tax Worksheet to calculate Oregon estimated tax 3 Written year (except a change of accounting period) year A 100 percent penalty is assessed on each year s year basis and are subject to the minimum tax year over current year net tax) enter a negative figure years Oregon allows corporations to carry net operating You can carry forward unused credits for up to five years on you don t file returns for three consecutive years by the you file your Oregon return you file your return or within 30 days of the date of You file your return within the extension period and You have a valid federal or Oregon extension and You may elect to apply part or all of your refund to your You may make payments directly online for any amended you must add back that amount to your Oregon You must notify us if the IRS changes your federal return you pay after the return s original due date You pay at least 90 percent of your tax after credits by you pay by EFT don t send Form 20 V Oregon Corporation You pay the balance of tax due when you file your You pay the interest on the balance of tax due when you re also filing for a federal extension: Send the you re required to e file for Oregon your computation of Oregon excise tax If so you must your next estimated tax payment installment Fill in the your Oregon return forms in the following order: your Oregon taxable income it won t be included again your original return and ends on the date of your payment your return your return is received Your tax return software also allows you to make electronic