Form OR-LTD "Lane County Mass Transit District Self-employment Tax" - Oregon

What Is Form OR-LTD?

This is a legal form that was released by the Oregon Department of Revenue - a government authority operating within Oregon. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on October 1, 2017;
  • The latest edition provided by the Oregon Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form OR-LTD by clicking the link below or browse more documents and templates provided by the Oregon Department of Revenue.

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Download Form OR-LTD "Lane County Mass Transit District Self-employment Tax" - Oregon

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Clear form
2017 Form OR-LTD
Office use only
08561701010000
Page 1 of 1, 150-560-001 (Rev. 10-17)
Oregon Department of Revenue
Lane County Mass Transit District
Self-Employment Tax
1
2
Submit original form—do not submit photocopy.
Amended return
Mo
Day
Year
Fiscal year
/
/
If you've previously filed
beginning:
a return, indicate if:
Mo
Day
Year
Name change
Address change
Fiscal year
/
/
ending:
First name and initial
Last name (if an individual filing)
Social Security number (SSN)
Partnership name (if a partnership filing)
Federal employer identification number (FEIN)
Business address
County
City
State
ZIP code
Telephone
(
)
An extension has been filed
Did you file Form OR-LTD for 2016?
Yes
No (If no, give reason.)
Utility or telecommunications
Include your payment with this return.
Round all amounts to the nearest whole dollar.
.00
1. Self-employment earnings from federal Schedule SE or Partnership Form 1065 .................
1.
.
2. Apportionment percentage from Schedule OR-TSE-AP ........................................................
2.
%
.00
3. Net self-employment earnings. Multiply line 1 by line 2 .........................................................
3.
.00
4. Less: Exclusion. Not more than $400 per taxpayer ...............................................................
4.
.00
5. Net earnings subject to transit district tax. Line 3 minus line 4 .............................................
5.
.00
6. Net tax. Multiply the amount on line 5 by 0.0072 ...................................................................
6.
.00
7. Prepayments ..........................................................................................................................
7.
.00
8.
TAX TO PAY. If line 6 is more than line 7, you have tax to pay. Line 6 minus line 7 .... TAX TO PAY
8.
.00
9. Penalty and interest for filing or paying late ...........................................................................
9.
.00
10. Total amount due. Line 8 plus line 9. ...................................................................................... 10.
.00
11.
REFUND.
If line 7 is more than line 6, you overpaid. Line 7 minus line 6 .................
REFUND
11.
Individuals: Include a copy of your federal Schedule SE. Business activity:
Sales
Services
Other
Partnerships: Include a schedule listing each partner’s name, Social Security number, partnership earnings, and exclusion.
Apportioning: You must include your completed Schedule OR-TSE-AP. If you don't provide your schedule as required, an
unnecessary billing for tax may occur.
Under penalty of false swearing, I declare that the information in this return and any enclosures is true, correct, and complete.
Your signature
Date
Sign
Signature of preparer other than taxpayer
/
/
here
X
X
Telephone
License No.
Pay online or make check or money order payable to:
(
)
Oregon Department of Revenue
Address of preparer
Mail your return to:
LTDSE, Oregon Department of Revenue
State
ZIP code
City
PO Box 14003, Salem OR 97309-2502
Do NOT attach your OR-LTD self-employment tax return to your Oregon income tax return, or any other form.
Clear form
2017 Form OR-LTD
Office use only
08561701010000
Page 1 of 1, 150-560-001 (Rev. 10-17)
Oregon Department of Revenue
Lane County Mass Transit District
Self-Employment Tax
1
2
Submit original form—do not submit photocopy.
Amended return
Mo
Day
Year
Fiscal year
/
/
If you've previously filed
beginning:
a return, indicate if:
Mo
Day
Year
Name change
Address change
Fiscal year
/
/
ending:
First name and initial
Last name (if an individual filing)
Social Security number (SSN)
Partnership name (if a partnership filing)
Federal employer identification number (FEIN)
Business address
County
City
State
ZIP code
Telephone
(
)
An extension has been filed
Did you file Form OR-LTD for 2016?
Yes
No (If no, give reason.)
Utility or telecommunications
Include your payment with this return.
Round all amounts to the nearest whole dollar.
.00
1. Self-employment earnings from federal Schedule SE or Partnership Form 1065 .................
1.
.
2. Apportionment percentage from Schedule OR-TSE-AP ........................................................
2.
%
.00
3. Net self-employment earnings. Multiply line 1 by line 2 .........................................................
3.
.00
4. Less: Exclusion. Not more than $400 per taxpayer ...............................................................
4.
.00
5. Net earnings subject to transit district tax. Line 3 minus line 4 .............................................
5.
.00
6. Net tax. Multiply the amount on line 5 by 0.0072 ...................................................................
6.
.00
7. Prepayments ..........................................................................................................................
7.
.00
8.
TAX TO PAY. If line 6 is more than line 7, you have tax to pay. Line 6 minus line 7 .... TAX TO PAY
8.
.00
9. Penalty and interest for filing or paying late ...........................................................................
9.
.00
10. Total amount due. Line 8 plus line 9. ...................................................................................... 10.
.00
11.
REFUND.
If line 7 is more than line 6, you overpaid. Line 7 minus line 6 .................
REFUND
11.
Individuals: Include a copy of your federal Schedule SE. Business activity:
Sales
Services
Other
Partnerships: Include a schedule listing each partner’s name, Social Security number, partnership earnings, and exclusion.
Apportioning: You must include your completed Schedule OR-TSE-AP. If you don't provide your schedule as required, an
unnecessary billing for tax may occur.
Under penalty of false swearing, I declare that the information in this return and any enclosures is true, correct, and complete.
Your signature
Date
Sign
Signature of preparer other than taxpayer
/
/
here
X
X
Telephone
License No.
Pay online or make check or money order payable to:
(
)
Oregon Department of Revenue
Address of preparer
Mail your return to:
LTDSE, Oregon Department of Revenue
State
ZIP code
City
PO Box 14003, Salem OR 97309-2502
Do NOT attach your OR-LTD self-employment tax return to your Oregon income tax return, or any other form.
Instructions for Form OR-LTD
2017
LTD Self-Employment Tax
Lane County Mass Transit District
These instructions aren't a complete statement of laws and rules that apply to the Lane County Mass Transit District self-employment tax.
For more information, visit www.oregon.gov/dor/business, on the left menu, go to Self-employment and transit, then click on Transit
district self-employment taxes.
employment earnings of individuals doing business or
New information
providing services in the district. The Oregon Department
of Revenue collects the tax for Lane transit.
You may file your return through the federal/state e-filing
program. For more information about e-filing, to make pay-
A list of ZIP codes included in the district boundary is on
ments, or check account status, go to our website at www.
page 5. For more information, call LTD at 541-682-6100, or
oregon.gov/dor.
visit their website at www.ltd.org/businesscenter.html.
You may also file directly with us through Revenue Online.
The tax rate is 0.0072 (.7200 of 1 percent).
Revenue Online is a secure online portal that provides access
to your tax account at any time. You can:
Who must file and pay this tax?
• File a return.
• Check the status of your refund.
Individuals
• View and print letters from us.
Anyone who has self-employment earnings from business
• Make payments or schedule future payments.
or service activities carried on in the Lane Transit District
• Securely communicate with us.
must pay this tax.
• Update your information.
People who must pay the self-employment tax include:
• Check balances and view your account history.
• File an appeal.
• Self-employed individuals, sole proprietors, independent
contractors, members of a partnership, and persons who
Visit www.oregon.gov/dor to sign up for a Revenue Online
have net self-employment earnings greater than $400 from
account.
doing business or providing services within LTD.
Important reminders
• Real estate agents. Federal laws generally treat real estate
agents as self-employed. This includes those who provide
services to real estate brokers under contract. This means
The Lane Transit District (LTD) has its own payment vouch-
that commissions on sales are subject to the LTD self-
er, Form OR-LTD-V. Please include this voucher with your
employment tax.
payment.
If you were granted an extension, attach your extension
Partnerships
payment to the Form OR-LTD-V and mark the extension
Partnerships aren't subject to LTD self-employment tax.
payment box. Don't file the Form OR-LTD as an extension.
The individual self-employed members of the partnership
If you're a partnership and are a fiscal year filer and your
are responsible for filing and paying the tax. However, a
tax year ends in 2017, you should file on a 2017 tax return.
partnership may choose to file one return and pay the tax
If you apportion your self-employment earnings, you must
for all of its individual partners. See “Partnership election”
include a completed Schedule OR-TSE-AP with your return.
instructions on page 3.
If you don't provide the Schedule OR-TSE-AP as required,
Exemptions
an unnecessary billing for tax may occur.
• Ministers. Compensation received by a minister or mem-
Be sure to attach a copy of your federal Schedule SE to your
return. If you and your spouse both file returns, you must
ber of a religious order when performing religious services
make separate payments using separate Forms OR-LTD-V.
isn't subject to this tax. However, compensation received
for performing religious services as an independent con-
tractor has been and remains subject to this tax.
What is the LTD self-employment tax?
• Insurance agents. The exemption applies only to insurance
The Lane transit tax helps fund mass transportation in
related income. Non-insurance related self-employment
activities are subject to this tax (ORS 731.840).
the Lane Transit District (LTD). This tax is applied to self-
2017 Form OR-LTD Instructions
1
150-560-001 (Rev. 10-17)
• C and S corporations. Distributions aren't subject to this
Frequently asked questions
tax. However, all employers who pay wages for services
performed in the district must pay a transit payroll tax.
I have more than one business. How should I file
This includes corporation officers who receive compensa-
my return?
tion for services performed. For more information about
payroll transit tax, call 503-945-8091 or email payroll.help.
File one return. If you have separate business activities
dor@oregon.gov.
within the district, include a schedule that shows net earn-
ings or losses for each business. Compute the self-employ-
How to file
ment earnings from the total net income of all your Schedule
C activities within the same transit district. See instructions
Visit us online at www.oregon.gov/dor for current infor-
for line 1 on page 4.
mation about electronic filing or how to file using Revenue
Can I file a joint return?
Online.
No. Each taxpayer having self-employment earnings must
Complete Form OR-LTD, Lane County Mass Transit District
file a separate Form OR-LTD. That’s true even if you and
Self-Employment Tax Return and include the following:
your spouse file a joint federal income tax return. The only
• Federal Schedule SE.
exception is a partnership filing for all partners. Both spouses
• Form OR-TSE-AP if you're apportioning.
can be members of the same partnership.
Payments
I’m getting a refund on my Oregon individual income
tax return. Can I have that refund applied to this tax?
To make payments online, visit us at www.oregon.gov/dor.
No. We can't apply any income tax refund to pay your LTD
To pay by mail, make your check or money order payable
self-employment tax.
to "Oregon Department of Revenue" and include it with
Can I file my return electronically?
Form OR-LTD-V payment voucher. On your check, write
the following:
Yes. Visit us online at www.oregon.gov/dor for current
information about electronic filing.
• Daytime telephone number.
• Tax year.
Can I file an amended return?
• "Form OR-LTD."
Yes. File an amended return any time you need to correct
• SSN or FEIN.
your return as originally filed. Generally, you're allowed
Mail to: LTDSE
three years from the due date of the return or the date the
Oregon Department of Revenue
return was filed, whichever is later, to file an amended
PO Box 14003
return to claim a refund. Check the “amended return” box
Salem OR 97309-2502
on your return.
Important filing information
What if business is done both inside and outside
of the district?
• Don't combine your LTD self-employment tax payment
with any other tax payment made to the Oregon Depart-
Use an apportionment formula by completing Schedule OR-
ment of Revenue.
TSE-AP. Self-employment earnings are apportioned using a
100 percent sales factor unless you're a qualifying taxpayer
• Don't attach your Form OR-LTD to your Oregon income
in utilities or telecommunications. A taxpayer primarily
tax return.
engaged in utilities or telecommunications may elect to use
• E-file or mail your return to the Oregon Department of
the double-weighted sales factor formula.
Revenue.
What if I’m audited by the IRS?
File one return for all of your self-employment earnings.
If changes are made that affect your self-employment earn-
To avoid penalty and interest, file your return and pay your
ings, file an amended return to report and pay any additional
tax by the due date.
tax due. If the change reduces your tax, you have two years
from the date of the audit report to claim a refund.
Extension payments. If you were granted an extension,
attach your extension payment to the Form OR-LTD-V and
See more FAQs at www.oregon.gov/dor.
mark the extension payment box. Don't file the Form OR-
LTD as an extension.
When to file
Individual fiscal year filers. If you're an individual fiscal
year filer and your tax year begins in 2017, you should file
Your return is generally due the same day as your federal and
Oregon individual income tax returns. For most taxpayers,
on a 2017 tax return.
2017 Form OR-LTD Instructions
2
150-560-001 (Rev. 10-17)
the 2017 due date is April 17, 2018. For individuals filing a
partners from the partnership for their taxable years ending
with or within the calendar year.
fiscal year return, the return is due on the 15th day of the
fourth month after the end of the fiscal year. When the due
You must include a schedule with Form OR-LTD. Include
date falls on a Saturday, Sunday, or legal holiday, the due
the partners name, SSN, share of partnership income, and
date will be the next business day.
individual exclusion for each partner. Your return can't be
processed without this information.
Extensions to file
Due date for calendar year filers: April 17, 2018. The part-
nership must file a return and pay the tax due on or before
If you received a federal extension or an extension to file
April 17, 2018.
your federal or Oregon individual income tax return, it will
Fiscal year filers. If you're a partnership fiscal year filer and
also extend your LTD Self-Employment Tax Return.
your tax year ends in 2017, file on a 2017 tax return.
Check the “An extension has been filed” box on your Form
Example: If a partnership has a tax year ending August 31,
OR-LTD. Don't include a copy of your federal extension with
2017, the partnership must pay on or before April 17,
your Oregon return. Keep it with your records.
2018, the tax due from the partners' net earnings from the
An extension doesn't mean more time to pay.
partnership for its taxable year ending August 31, 2017.
If you have an extension, you must make your payment
Partners: If your partnership is filing on behalf of all part-
by the original due date of the return to avoid a penalty
ners, you don't need to file a separate Form OR-LTD unless
and interest charge. Complete Form OR-LTD-V and send it
you have net self-employment earnings from sources other
with your payment of tax. Form OR-LTD-V is available at
than the partnership. Report only these additional net self-
www.oregon.gov/dor. Be sure to use the same name and
employment earnings on your individual Form OR-LTD.
Social Security number (SSN) or federal employer identifi-
Note: You may only take one $400 exclusion for all self-
cation number (FEIN) that you'll use on your return when
employment income.
you file.
If you can't pay all the tax you expect to owe, pay what you
Amended returns
can, then call us as soon as possible to set up a payment plan
to reduce penalties and interest.
If you need to amend your tax return, use the Form OR-LTD
for the specific tax year. You must file an amended return to
Penalties
claim a refund of tax paid. To file an amended return, use
the appropriate form for the year of the original return and
check the “amended return” box. Include an explanation of
You'll owe a 5 percent late-payment penalty on any tax not
the changes made with the return. Oregon doesn't have a
paid by due date of the return, even if you've filed an exten-
separate amended transit tax return.
sion.
Oregon doesn't allow an extension of time to pay even if the
Form OR-LTD instructions
IRS allows an extension.
If you file your return more than three months after the due
If you're amending your return, check the "amended return"
date (including extensions), a 20 percent late-filing penalty
box in the upper right corner.
will be added; you'll owe a total penalty of 25 percent of any
Name and address section
tax not paid. A 100 percent penalty is charged if you don’t
file a return for three consecutive years by the due date of
Individuals: Fill in your name, business address, telephone
the third year, including extensions.
number, and SSN.
Important. Don't include a FEIN (federal employer identifi-
Partnership election
cation number) if you're filing as an individual.
The request for your SSN(s) is authorized by Section 405,
A partnership may elect to file and pay the transit self-
Title 42, United States Code. You must give us this informa-
employment tax for the individual partners. The partnership
tion. It will be used to establish your identity.
must use net earnings from self-employment as reported
on federal Form 1065 to figure the tax. Don't make Oregon
Partnerships: Fill in the partnership name, address, tele-
modifications to the partnership’s earnings. If some partners
phone number, and FEIN.
have different tax years than others, net earnings from self-
Check the box if any apply:
employment is determined using amounts from different
tax years.
• An extension has been filed checkbox. If you received
The partnership’s return and payment shall be based upon
a federal extension to file, or are filing an extension for
the net earnings from self-employment of the individual
Oregon only, check the box on the return.
2017 Form OR-LTD Instructions
3
150-560-001 (Rev. 10-17)
• Utility or telecommunications companies checkbox.
• Fill out and include a completed Schedule OR-TSE-AP
Taxpayers primarily engaged in utilities or telecommu-
with your Form OR-LTD if your business activity is carried
nications may elect to apportion income using double-
on both in and out of the district.
weighted sales factor formula (ORS 314.280 and OAR
Note: If you have multiple businesses within the district
150-314-0060). Check the box if making this election.
that must apportion income or losses: determine each busi-
ness's apportionment percentage separately; apply each
Line instructions—Form OR-LTD
percentage to the earnings of the respective business; add
the amounts; and enter on line 3. Include a schedule show-
Instructions are for lines not fully explained on the return.
ing your calculations.
Rounding to whole dollars. Enter amounts on the return and
accompanying schedules as whole dollars only. Example:
For example:
Business 1
Business 2
$4,681.55 becomes $4,682; and $8,775.22 becomes $8,775.
Sales in District
$20,000
$5,000
Gross Sales
100,000
5,000
Line 1. Self-employment earnings.
Apportionment
20.0000%
100.0000%
• Individuals: Fill in the amount from federal Schedule SE,
Total Earnings (Loss)
25,000
(1,000)
Section A, line 3; or Section B, line 3 unless you meet one
Earnings in District
5,000
(1,000)
of the exemptions.
Net earnings to enter on line 3
$4,000
More than one business included on federal Schedule SE?
Line 4. Exclusion. Each taxpayer’s exclusion is the lesser of
Only include earnings from line 3 of your federal Schedule
the taxpayer’s self-employment earnings (line 3), or $400.
SE that are from businesses that are doing business or pro-
viding services in the Lane Transit District. You may use a
Individuals. Enter $400 or the amount on line 3, whichever
business with a net loss to offset a business with net earnings
is less. Was the exclusion partially or completely used on
if they're both within the Lane Transit District.
another 2017 Form OR-LTD filed by your partnership? If so,
fill in only the unused amount of the $400 exclusion.
Example: Business A has net earnings of $20,000 and Busi-
ness B has a net loss of $10,000. Both businesses are in the
Partnerships. Enter $400 for only those partners whose share
Lane Transit District.The amount on line 3 of your federal
of positive earnings are included in the amount on line 3. If
Schedule SE is $10,000. Fill in line 1 on Form OR-LTD the
any partner’s exclusion was partially or completely used
amount of $10,000. File one return. Include a schedule
on another 2017 Form OR-LTD, include on line 4 only that
with the return and list each separate business and their
partner’s unused amount of the $400 exclusion. Each partner
net earnings or losses. Losses can't be carried forward to
is responsible for ensuring that the total of all exclusions
another year.
doesn't exceed $400.
Did you receive Partnership income? Did the partnership
Don't include any partner with a loss.
file Form OR-LTD and pay the tax for the partners? If so,
reduce the amount from your federal Schedule SE, Section
Line 7. Prepayments. Fill in the amount of any advance pay-
A, line 3; or Section B, line 3 by the amount of your income
ments you made for this tax year.
from that partnership.
Line 8. Tax to pay. Include your check or money order pay-
Important. Don't make Oregon changes or modifications
able to the Oregon Department of Revenue. Write your day-
to federal income on Form OR-LTD. Your earnings that are
time telephone number and “2017 Oregon Form OR-LTD”
subject to Lane Transit self-employment tax will generally be
on your check and include the Form OR-LTD-V payment
the same as the earnings you report on your federal Schedule
voucher. An expected refund from your state income tax
SE, Section A, line 3; or Section B, line 3.
can't be used to pay your transit tax.
• Partnerships: Fill in the net earnings from federal Partner-
Line 9. Penalty and interest. For filing or paying late.
ship Form 1065. Don't include Oregon modifications.
Due date. Form OR-LTD is generally due the same day as
Note: Partnership net earnings may be netted with Sched-
your federal and Oregon income tax returns. For a calendar
ule C gains or losses for LTD tax purposes.
year return, this is April 17, 2018.
Line 2. Apportionment:
Interest. If you're paying your tax after the due date, include
• Percentage can't be less than 0 percent or more than
interest on any unpaid tax.
100 percent.
If you don't pay the tax by the due date, interest will be
• Round the percentage to four decimal places. For example,
charged on the unpaid tax. Interest periods generally begin
12.34558 percent should be 12.3456 percent.
the day after the return is due. Interest is figured daily. Inter-
• If all of your business activity is within the transit district
don't fill out the Schedule OR-TSE-AP.
est rates may change once a calendar year.
2017 Form OR-LTD Instructions
4
150-560-001 (Rev. 10-17)
Page of 6