Instructions for Form 390 (WO), 391 (EO) Small Tract Forestland (Stf) Severance Tax - Oregon

This document contains official instructions for Form 390 (WO) , and Form 391 (EO) . Both forms are released and collected by the Oregon Department of Revenue.

FAQ

Q: What is Form 390 (WO), 391 (EO) Small Tract Forestland (Stf) Severance Tax?A: Form 390 (WO), 391 (EO) Small Tract Forestland (Stf) Severance Tax is a tax form used in Oregon to report and pay the severance tax for small tract forestland.

Q: Who needs to file Form 390 (WO), 391 (EO) Small Tract Forestland (Stf) Severance Tax?A: Any individual or business that owns or operates small tract forestland in Oregon and engages in the severance of timber products needs to file this form.

Q: What is considered small tract forestland in Oregon?A: In Oregon, small tract forestland refers to privately owned contiguous forestland that is 5,000 acres or less in size.

Q: What is the purpose of the severance tax?A: The severance tax is imposed on the removal of timber products from small tract forestland in Oregon and is used to support various forest-related programs.

Q: How often do I need to file Form 390 (WO), 391 (EO) Small Tract Forestland (Stf) Severance Tax?A: This form needs to be filed annually by April 15th for the previous calendar year.

Q: What information do I need to provide on Form 390 (WO), 391 (EO) Small Tract Forestland (Stf) Severance Tax?A: You will need to provide information about the owner and operator of the forestland, the amount and value of timber products severed, and any applicable deductions or exemptions.

Q: Are there any penalties for late or non-filing of Form 390 (WO), 391 (EO) Small Tract Forestland (Stf) Severance Tax?A: Yes, late or non-filing of this form may result in penalties, interest, or other enforcement actions by the Oregon Department of Revenue.