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 the form used for the repayment of the Oregon Natural Resource Credit.

Q: What is the purpose of Form OR-706-R?
A: The purpose of Form OR-706-R is to calculate and pay back the Oregon Natural Resource Credit that was previously claimed.

Q: Who needs to file Form OR-706-R?
A: Anyone who claimed the Oregon Natural Resource Credit and needs to repay all or a portion of it must file Form OR-706-R.

Q: When is Form OR-706-R due?
A: Form OR-706-R is due on or before April 15th of the year following the tax year in which the credit was originally claimed.

Q: What information is needed to complete Form OR-706-R?
A: To complete Form OR-706-R, you will need information about the amount of Oregon Natural Resource Credit claimed and the repayment amount.

Q: Are there any penalties for not filing Form OR-706-R?
A: Yes, failure to file Form OR-706-R or to pay the required repayment amount may result in penalties and interest charges.

Q: Can Form OR-706-R be filed electronically?
A: No, currently Form OR-706-R cannot be filed electronically and must be filed by mail.

Q: Can I get an extension to file Form OR-706-R?
A: No, there is no extension available for filing Form OR-706-R. It must be filed by the April 15th deadline.