Get Or Form Or-tm 2024-2025

This guide provides a straightforward approach to filling out the OR Form OR-TM online. Whether you have prior experience with tax forms or are filing for the first time, this guide will help you navigate each section with confidence.

Follow the steps to successfully complete the OR Form OR-TM

1. Click the ‘Get Form’ button to access the form and open it in a suitable online editor for completion.
2. Enter the fiscal year beginning and ending dates in the appropriate MM/DD/YYYY format. Ensure accuracy to avoid any filing issues.
3. Check any applicable boxes such as 'Amended return,' 'Name change,' or 'Address change.' This provides context for your filing.
4. Indicate whether you filed Form OR-TM for 2023 by selecting 'Yes' or 'No.' If you choose 'No,' provide the reason in the designated area.
5. Complete the personal or partnership information including the first and last name, Social Security number, contact phone, and business address.
6. Report self-employment earnings from federal Schedule SE or Partnership Form 1065 in the specified field. Be precise with the amounts.
7. State the apportionment percentage from your Schedule OR-TSE-AP.
8. Calculate your net self-employment earnings by multiplying the self-employment earnings by your apportionment percentage.
9. Subtract any exclusions, which cannot exceed $400 per taxpayer, from your net self-employment earnings.
10. Determine the net earnings subject to transit district tax by subtracting the exclusion from the net self-employment earnings.
11. Calculate the net tax by multiplying the amount subject to tax by the tax rate of 0.008137.
12. List any prepayments made towards your tax.
13. Determine your tax to pay by subtracting any prepayments from the net tax.
14. If applicable, include penalties and interest for late filing or payment.
15. Total your amount due by adding any tax to pay and penalties.
16. If you overpaid, calculate the refund by subtracting the net tax from the prepayments.
17. Complete the business activity section as necessary and ensure you attach required documents like federal Schedule SE or Others if applicable.
18. Sign and date the return, ensuring the preparer also signs if someone else helped complete the form.

Complete your OR Form OR-TM online to ensure timely and accurate filing.