Instructions for Form OR-TM, 150-555-001 Tri-County Metropolitan Transportation District Self-employment Tax - Oregon

Form OR-TM (150-555-001) Tri-County Metropolitan Transportation District Self-employment Tax - Oregon

This document contains official instructions for Form OR-TM , and Form 150-555-001 . Both forms are released and collected by the Oregon Department of Revenue. An up-to-date fillable Form OR-TM (150-555-001) is available for download through this link.

FAQ

Q: What is Form OR-TM?A: Form OR-TM is the Tri-County Metropolitan Transportation District Self-employment Tax form for Oregon.

Q: What is the purpose of Form OR-TM?A: The purpose of Form OR-TM is to report and pay self-employment taxes for individuals who are subject to the Tri-County Metropolitan Transportation District tax in Oregon.

Q: Who needs to file Form OR-TM?A: Individuals who have self-employment income and are subject to the Tri-County Metropolitan Transportation District tax in Oregon need to file Form OR-TM.

Q: When is Form OR-TM due?A: Form OR-TM is due on April 15th of each year or the following business day if it falls on a weekend or holiday.

Q: Are there any penalties for late filing of Form OR-TM?A: Yes, there may be penalties for late filing of Form OR-TM. It is important to file and pay your taxes on time to avoid penalties and interest.

Q: How do I fill out Form OR-TM?A: Form OR-TM requires you to provide your personal information, self-employment income, and calculate your self-employment tax. You may need to refer to your income and expense records to complete the form accurately.

Q: Can I e-file Form OR-TM?A: Yes, you can e-file Form OR-TM using approved tax software or through a tax professional.

Q: Do I need to include any supporting documents with Form OR-TM?A: You may need to include supporting documents that verify your self-employment income and expenses. Keep a copy of your records for your own records.