Get Or Form Or-tm 2021

Filling out the OR Form OR-TM online is a crucial step for individuals and partnerships reporting self-employment earnings in Oregon. This guide provides step-by-step instructions to ensure that you accurately complete the form with ease.

Follow the steps to successfully fill out the OR Form OR-TM.

1. Click ‘Get Form’ button to obtain the OR Form OR-TM and open it in your online editor.
2. Enter the fiscal year beginning and ending dates in the provided format (MM/DD/YYYY).
3. Check all applicable boxes regarding return status, such as amended return or name change.
4. Indicate if you filed Form OR-TM for 2020 by selecting 'Yes' or 'No'. If 'No', provide a reason.
5. Complete personal information fields, including first name, initial, last name, and, if applicable, partnership name.
6. Provide your Social Security number (SSN) or Federal employer identification number (FEIN), and include your contact phone number.
7. Fill in the business address details including county, city, state, and ZIP code.
8. Report self-employment earnings from federal Schedule SE or Partnership Form 1065 in the designated field.
9. Input apportionment percentage from Schedule OR-TSE-AP as required.
10. Calculate net self-employment earnings by multiplying the amounts from the previous fields as instructed.
11. Deduct the exclusion amount (not more than $400 per taxpayer) from your net earnings.
12. Determine the net earnings subject to transit district tax by subtracting the exclusion from the previous line.
13. Calculate the net tax by multiplying the amount subject to tax by 0.007837.
14. Record any prepayments made previously in the designated field.
15. Calculate the tax to pay by subtracting any prepayments from the net tax owed.
16. Include any penalty and interest for late filing or payment as necessary.
17. Total the amount due by adding the tax to pay and any penalties.
18. If applicable, calculate any refund due by subtracting the net tax owed from any overpayments.
19. Provide a brief description of business activity and include the required copies of supporting schedules.
20. Sign and date the form, including any preparer's information if applicable.
21. Once all fields are completed, remember to save changes, and download, print, or share the form as needed.

Complete your OR Form OR-TM online today to ensure your self-employment tax responsibilities are met accurately.