Get Oregon Form Tm 2014

Filling out the Oregon Form Tm 2014 can be a straightforward process when guided step-by-step. This guide will provide clear instructions for completing each section of the form to ensure that your self-employment tax return is accurate and compliant with Oregon tax laws.

Follow the steps to fill out the Oregon Form Tm 2014 online.

1. Click the ‘Get Form’ button to obtain the form and open it in the editor.
2. Complete the name and address section. Individuals should fill in their full name, business address, telephone number, and Social Security number (SSN). Partnerships need to provide their name, address, and Employer Identification Number (EIN).
3. If you have previously filed a return, indicate if there has been a name or address change, and specify if you are filing an amended return.
4. For line 1, enter self-employment earnings as reported on your federal Schedule SE or Partnership Form 1065. Make sure to only include those businesses that have net earnings and are conducted within the TriMet District.
5. Determine the apportionment percentage for line 2. If all business activity occurs within the transit district, fill in 100 percent. Otherwise, you may need to complete Form TSE-AP and attach it to the return.
6. Calculate net self-employment earnings for line 3 by multiplying the amount on line 1 by the apportionment percentage from line 2.
7. Complete line 4 by entering the lesser of your self-employment earnings or $400 as an exclusion.
8. For line 5, calculate net earnings subject to transit district tax by subtracting line 4 from line 3.
9. Compute the tax to pay on line 6 by multiplying the figure from line 5 by the applicable tax rate.
10. Enter any prepayments made on line 7. For line 8, if applicable, subtract line 7 from line 6 to determine any tax due.
11. Penalties and interest for late filing or payment should be included in line 9. Finally, on line 10, sum the amount from line 8 and any penalties to find the total amount due.
12. If you expect a refund, fill out line 11 to calculate this amount based on line 7 and 6.
13. Sign and date your return before sending it to the Oregon Department of Revenue. Ensuring that all information is complete is crucial.
14. After completing your form, you can save changes, download, print, or share the form, if needed.

Take the first step today and fill out your Oregon Form Tm 2014 online to ensure compliance and avoid penalties.