Get Oregon Composite Return

The Oregon Composite Return, also known as Form OC, is designed for pass-through entities to report the income of nonresident owners who opt to participate in the composite filing. This guide provides step-by-step instructions to ensure users can successfully complete and submit the form online.

Follow the steps to fill out the Oregon Composite Return online.

1. Press the ‘Get Form’ button to access the Oregon Composite Return form and open it in your designated editor.
2. Complete the heading section of the Form OC by entering the pass-through entity’s name, federal employer identification number (FEIN), and Oregon business identification number (BIN). Note the number of electing owners included in the return.
3. Indicate the type of pass-through entity (PTE) filing this return, such as partnership, S corporation, or trust.
4. For each electing owner, enter their name, ownership percentage, share of federal income, and share of Oregon-source distributive income in the appropriate sections provided on Schedules OC1 and OC2.
5. Calculate the Oregon income tax for each owner and enter this on the main Form OC.
6. If applicable, include any penalties and interest in the relevant lines, ensuring accuracy in calculations.
7. Review all entries for correctness. After confirming that all information is accurate, proceed to save your changes.
8. Download or print your completed form for submission. Ensure that you include the payment voucher Form OC-V if any tax is due.

Complete your Oregon Composite Return online today to ensure timely tax compliance.