Instructions for Form OR-706-R, 150-104-007 Repayment of Oregon Natural Resource Credit - Oregon

Form OR-706-R (150-104-007) Repayment of Oregon Natural Resource Credit - Oregon

This document contains official instructions for Form OR-706-R , and Form 150-104-007 . Both forms are released and collected by the Oregon Department of Revenue. An up-to-date fillable Form OR-706-R (150-104-007) is available for download through this link.

FAQ

Q: What is Form OR-706-R?
A: Form OR-706-R is a form used for the repayment of Oregon Natural Resource Credit in Oregon.

Q: What is the purpose of Form OR-706-R?
A: The purpose of Form OR-706-R is to facilitate the repayment of Oregon Natural Resource Credit.

Q: Who needs to file Form OR-706-R?
A: Individuals or entities who previously claimed the Oregon Natural Resource Credit and need to repay it.

Q: What information is required on Form OR-706-R?
A: Form OR-706-R requires information about the taxpayer's identity, the amount of credit to be repaid, and the payment details.

Q: Are there any specific guidelines for completing Form OR-706-R?
A: Yes, the Oregon Department of Revenue provides instructions and guidelines for completing Form OR-706-R.

Q: When is Form OR-706-R due?
A: Form OR-706-R is due on or before the original due date of the tax return for the year the credit was claimed.

Q: What happens if I don't repay the Oregon Natural Resource Credit?
A: Failure to repay the Oregon Natural Resource Credit may result in penalties and interest being assessed by the Oregon Department of Revenue.

Q: Can Form OR-706-R be filed electronically?
A: No, Form OR-706-R cannot be filed electronically. It must be filed by mail or delivered in person.