Instructions for Form 150-102-171 Schedule OR-AP Apportionment of Income for Corporations and Partnerships - Oregon

Form 150-102-171 Schedule OR-AP Apportionment of Income for Corporations and Partnerships - Oregon

This document contains official instructions for Form 150-102-171 Schedule OR-AP, Apportionment of Income for Corporations and Partnerships - a form released and collected by the Oregon Department of Revenue. An up-to-date fillable Form 150-102-171 Schedule OR-AP is available for download through this link.

FAQ

Q: What is Form 150-102-171?
A: Form 150-102-171 is a tax form used for the apportionment of income for corporations and partnerships in Oregon.

Q: Who needs to fill out Form 150-102-171?
A: Corporations and partnerships that have income from multiple states and are doing business in Oregon need to fill out this form.

Q: What is the purpose of Form 150-102-171?
A: The purpose of this form is to determine how much of a corporation or partnership's income is taxable in Oregon based on its apportionment factor.

Q: What is apportionment?
A: Apportionment is the process of dividing a corporation or partnership's income among the states in which it does business, in order to determine each state's share of taxable income.

Q: How is the apportionment factor determined?
A: The apportionment factor is determined using a formula that takes into account the percentage of a corporation or partnership's property, payroll, and sales in Oregon compared to its total property, payroll, and sales everywhere.

Q: Is Form 150-102-171 the only form required for Oregon apportionment?
A: No, in addition to this form, corporations and partnerships also need to complete Schedule OR-AP of their Oregon tax return, such as Form OR-20 or Form OR-65.

Q: When is Form 150-102-171 due?
A: The due date for Form 150-102-171 depends on the tax year of the corporation or partnership. The specific due date can be found in the instructions for the form.

Q: Are there any penalties for not filing Form 150-102-171?
A: Yes, there can be penalties for not filing or filing late, including interest charges and potential loss of deductions or credits.