Instructions for Form OR-TM-V, 150-555-172 Trimet Self-employment Tax Payment Voucher - Oregon

Form OR-TM-V (150-555-172) Trimet Self-employment Tax Payment Voucher - Oregon

This document contains official instructions for Form OR-TM-V , and Form 150-555-172 . Both forms are released and collected by the Oregon Department of Revenue. An up-to-date fillable Form OR-TM-V (150-555-172) is available for download through this link.

FAQ

Q: What is Form OR-TM-V?A: Form OR-TM-V is the Trimet self-employment tax payment voucher for residents of Oregon.

Q: What is Trimet?A: Trimet is the public transportation agency serving the Portland metropolitan area in Oregon.

Q: Who needs to use Form OR-TM-V?A: This form is used by self-employed individuals in Oregon who are required to pay Trimet self-employment taxes.

Q: What are Trimet self-employment taxes?A: Trimet self-employment taxes are taxes levied on self-employed individuals in Oregon to fund the Trimet public transportation system.

Q: What is the purpose of Form OR-TM-V?A: The purpose of this form is to calculate and pay the Trimet self-employment taxes owed by self-employed individuals in Oregon.

Q: How do I fill out Form OR-TM-V?A: You should enter your personal information, calculate your self-employment taxes, and make the payment using the voucher.

Q: When is the deadline to file Form OR-TM-V?A: The deadline to file Form OR-TM-V and make the payment is usually April 15th of each year.

Q: What happens if I don't file Form OR-TM-V or pay the taxes?A: Failure to file the form or pay the Trimet self-employment taxes may result in penalties and interest charges.