Form OR-OC (150-101-154) Oregon Composite Return - Oregon

What Is Form OR-OC (150-101-154)?

This is a legal form that was released by the Oregon Department of Revenue - a government authority operating within Oregon. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form OR-OC?
A: Form OR-OC is the Oregon Composite Return for partnerships, S corporations, and composite income tax returns.

Q: Who needs to file Form OR-OC?
A: Partnerships, S corporations, and taxpayers who elect to file a composite return for nonresident owners need to file Form OR-OC.

Q: What is the purpose of Form OR-OC?
A: The purpose of Form OR-OC is to report income, deductions, credits, and taxes for partnerships and S corporations that have income from Oregon sources.

Q: When is the due date for Form OR-OC?
A: Form OR-OC is due on the 15th day of the third month following the close of the tax year.

Q: Are there any penalties for late filing of Form OR-OC?
A: Yes, there are penalties for late filing of Form OR-OC. It is important to file the return on time to avoid penalties and interest.

Q: What supporting documents do I need to attach to Form OR-OC?
A: Partnerships and S corporations generally do not need to attach supporting documents to Form OR-OC. However, it is important to keep records and documents for possible future review by the Oregon Department of Revenue.

Q: Can I amend a filed Form OR-OC?
A: Yes, you can amend a filed Form OR-OC by filing an amended return using Form OR-OC-Amended.