Oregon Form 20 S – Fill Out and Use This PDF

The Oregon 20-S form serves as the tax return for S corporations operating within the state, covering both excise and income taxes. It is designed for corporations to report earnings, tax deductions, and payments for a fiscal year, including information on federal adjustments and estimated tax payments. To ensure compliance and avoid penalties, businesses should accurately complete and submit this form. Ready to file your Oregon 20-S form? Click the button below to get started.

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Oregon Form 20 S PDF Details

Navigating the complexities of corporate taxation requires a solid understanding of specific forms and regulations, such as the Oregon 20 S form, officially recognized as the 2008 Form 20-S Oregon S Corporation Tax Return. This essential document serves multiple purposes for S corporations operating within Oregon, outlining necessary information for both excise and income tax computations. It initiates with identifying the corporation's fiscal year, alongside critical details like the corporation's name, Federal Employer Identification Number (FEIN), and Business Identification Number (BIN). Furthermore, it paves the way for corporations to adjust their tax obligations based on various income sources, including built-in gains and excess net passive income, while also considering the vital additions and subtractions that affect taxable income. Beyond the mere calculation of tax dues, the form intricately captures any changes in federal taxable income, audits, and amendments that might influence the final taxation outcome. Notably, it accommodates corporations to clarify their status regarding mergers, reorganizations, withdrawals, or dissolutions. Additionally, the form extends to specify the tax computation process specifically tailored for S corporations, incorporating stages from determining Oregon taxable income to listing potential tax adjustments, credits, and prepayments. To aid in accurately reflecting the federal taxable income adjustments at the shareholder level, it includes the Schedule SM for Oregon Modifications Passed Through to Shareholders, ensuring comprehensive compliance and precision in reporting.

Question	Answer
Form Name	Oregon Form 20 S
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	102 025 08 oregon s corporation tax return form

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• 2008 Form 20-S

Oregon S Corporation Tax Return

•

Excise Tax

•

Income Tax

* 0 2 6 5 0 8 0 1 0 1 0 0 0 0

•Fiscal year beginning

•Fiscal year ending

•Name:

•FEIN:

For office use only

•Address:

BIN:

•

•City:

Payment

•

• St:

• ZIP code:

•

New name

FOR COMPUTER USE ONLY

•

New address

•Phone:

• Extension

• Form 37

• Amended

• Form 24

• FCG-20

• 8886/REIT/RIC

Contact:
Web:
Questions: Complete A through D only if this is your first return or the answer changed during 2008.
• A. Incorporated in (state);	• Incorporated on (date)	• B. State of commercial domicile • C. Date business activity began in Oregon • D. Business Activity Code

•E. List the tax years for which federal waivers of the statute of limitations are in effect and dates on which waivers expire

•F. List the tax years for which your federal taxable income was changed by an IRS audit or by an amended federal return filed during this tax year

• G. If first return, indicate		Name of previous business		FEIN	BIN
New business, or
Successor to previous business
• H. If final return, indicate
• H. If final return, indicate		Name of merged or reorganized corporation		FEIN	BIN
Withdrawn,	Dissolved, or
Merged or reorganized

I. Enter the amount from federal Form 1120S, line 21			• I
J. Utility, telecommunications, or timber companies			• J
J. Utility, telecommunications, or timber companies			• J
......................................K. If you did not complete Schedule AP, fill in the amount of your Oregon sales			• K

Tax computation for S corporations with federal taxable income or LIFO benefit recapture. S Corporations without federal taxable income, start on line 7.

1.Income taxed on federal Form 1120S from:

(a) Built-in gains (enter amount from Form 1120S, Schedule D, Part III, line 16)....
(b) Excess net passive income (enter amount from 1120S “Worksheet for line 22a”) ....		............. Total • 1
2.	Additions (enter only additions that apply to taxable income included in line 1)	• 2
3.	Subtractions (enter only subtractions that apply to income included in line 1)	• 3
4.	S corporation income before net loss deduction (line 1 plus line 2, minus line 3)	4

If income is entirely Oregon source continue. If from both in Oregon and other states, see Schedule AP.

5.	Net loss from prior years as C corporation (deductible from built-in gain income only) (attach schedule)			• 5
5.				• 5
6.	................................................Oregon taxable income (line 4 minus line 5 or amount from Schedule AP-2, line 11)			• 6
7.	Tax (6.6 percent of line 6) (minimum $10 tax is required for excise taxpayers)	.............•	7
8.	Tax adjustments (attach schedule)		8
9.	Total tax (line 7 plus line 8)			• 9

150-102-025 (11-08) web Form 20-S, page 1 of 2

	*	0	2	6	5	0	8	0	1	0	2	0	0	0	0	*


10.	Total credits (attach schedule and explanation)											• 10
11.	Tax after credits (line 9 minus line 10) (excise tax not less than minimum tax)							..................................					11
12.	LIFO benefit recapture addition											• 12
12.	LIFO benefit recapture addition											• 12
13.	Net tax (line 11 plus line 12) (excise tax not less than minimum tax)											• 13
13.												• 13
14.	2008 estimated tax payments from Schedule ES below. Include payments made with extension											• 14
14.												• 14
15.	Tax due. Is line 13 more than line 14? If so, line 13 minus line 14									Tax due• 15
15.						...................................				Tax due• 15
16.	Overpayment. Is line 13 less than line 14? If so, line 14 minus line 13								Overpayment• 16
16.									Overpayment• 16
17.	Penalty due with this return					17
18.	Interest due with this return					18
18.	Interest due with this return					18
19.	Interest on underpayment of estimated tax (attach Form 37)					• 19
19.	Interest on underpayment of estimated tax (attach Form 37)					• 19
20.	Total penalty and interest (add lines 17 through 19)												20
21.	Total due (line 15 plus line 20)									Total due			21
21.	Total due (line 15 plus line 20)									Total due			21
22.	Refund available (line 16 minus line 20)										Refund		22
22.	Refund available (line 16 minus line 20)										Refund		22
23.	Amount of refund to be credited to 2009 estimated tax									2009 credit• 23
23.	Amount of refund to be credited to 2009 estimated tax									2009 credit• 23
24.	Net refund (line 22 minus line 23)									Net refund			24

Schedule SM—Oregon Modifications Passed Through to Shareholders

Federal taxable income passed through to the shareholders is adjusted to the extent that items of income, loss, or deduction of the shareholder are required to be adjusted under the provisions of Oregon Revised Statutes, Chapters 314 and 316. Indicate which federal Schedule K-1 line item each modification is for.

Additions			1.	Interest on government bonds of other states	(K-1 line _____)		1
			2.	Gain or loss on the sale of depreciable property	(K-1 line _____)		2
			2.	Gain or loss on the sale of depreciable property	(K-1 line _____)		2
			3.	Other (attach schedule)			3
			3.	Other (attach schedule)			3

			4.	Total Oregon additions						4
Subtractions			5.	Interest from U.S. government, such as Series EE and HH bonds	(K-1 line _____)		5


			6.	Gain or loss on the sale of depreciable property	(K-1 line _____)		6
			6.	Gain or loss on the sale of depreciable property	(K-1 line _____)		6
			7.	Work opportunity credit wage reductions	(K-1 line _____)		7
			7.	Work opportunity credit wage reductions	(K-1 line _____)		7
			8.	Other (attach schedule)			8
			8.	Other (attach schedule)			8

			9.	Total Oregon subtractions						9



				Schedule ES—Estimated Payments or Other Prepayments
				Name of payer	Payer FEIN			Date of payment				Amount paid

1.	Voucher 1							/	/		1
2.	Voucher 2							/	/		2
3.	Voucher 3							/	/		3
4.	Voucher 4							/	/		4
5.	Overpayment of last year’s tax elected as a credit against this year’s tax										5

6.	........Payments made with extension or other prepayments for this tax year and date paid							/	/		6

7.	Total prepayments (carry to line 14 above)										7


Under penalty of false swearing, I declare that the information in this return and any attachments is true, correct, and complete.
		Signature of officer				Signature of preparer other than taxpayer				License number of preparer
Sign		X				X				•
Here		X				X				•
		Date				Date			Telephone number
									(	)

		Print name of officer				Print name of preparer

		Title of officer				Address of preparer

Please attach a complete copy of your federal Form 1120S and schedules, including all K-1s

Mail refund returns and no tax due returns to: Mail tax-to-pay returns with payment and payment voucher to: Refund, PO Box 14777, Salem OR 97309-0960 Oregon Department of Revenue, PO Box 14790, Salem OR 97309-0470

150-102-025 (11-08) web Form 20-S, page 2 of 2

How to Edit Oregon Form 20 S Online for Free

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It is actually simple to fill out the pdf following this practical guide! Here is what you want to do:

1. First, once filling in the Oregon Form 20 S, start out with the part containing subsequent blanks:

2. Once your current task is complete, take the next step – fill out all of these fields - Contact Web Questions Complete A, B State of commercial domicile C, Incorporated on date, A Incorporated in state E List, Name of previous business, FEIN, BIN, BIN, New business or, Successor to previous business, H If final return indicate, Withdrawn, Dissolved or, Merged or reorganized, and Name of merged or reorganized with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Oregon Form 20 S conclusion process detailed (portion 2)

3. Within this stage, examine Total Additions enter only, S corporation income before net, If income is entirely Oregon, Net loss from prior years as C, Tax percent of line minimum, and web Form S page of. Every one of these have to be filled out with utmost attention to detail.

4. Filling in Tax after credits line minus, Total credits attach schedule and, Penalty due with this return, Interest on underpayment of, Total penalty and interest add, Amount of refund to be credited, Net refund line minus line Net, Federal taxable income passed, Schedule SMOregon Modifications, Additions, Interest on government bonds of, Subtractions, and Interest from US government such is key in this fourth part - don't forget to don't hurry and fill in each blank!

Interest from US government such, Federal taxable income passed, and Total penalty and interest add inside Oregon Form 20 S

5. To conclude your document, this particular subsection features some extra blank fields. Typing in Subtractions, Interest from US government such, Name of payer, Payer FEIN, Date of payment, Amount paid, Schedule ESEstimated Payments or, Voucher Voucher Voucher, Under penalty of false swearing I, Sign Here, Signature of officer X Date, Print name of officer, Title of officer, Signature of preparer other than, and License number of preparer will conclude everything and you can be done in no time!

Guidelines on how to fill in Oregon Form 20 S portion 5

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Oregon Form 20 S – Fill Out and Use This PDF

Oregon Form 20 S PDF Details

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