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 the purpose of Form OR-TM-V?
A: The purpose of Form OR-TM-V is to remit self-employment taxes to Trimet in Oregon.

Q: Who needs to fill out Form OR-TM-V?
A: Residents of Oregon who are self-employed and liable for Trimet self-employment taxes need to fill out Form OR-TM-V.

Q: When is Form OR-TM-V due?
A: Form OR-TM-V is due on a quarterly basis. The due dates are April 30, July 31, October 31, and January 31.

Q: How do I fill out Form OR-TM-V?
A: You need to enter your name, Social Security number, address, and the amount of self-employment income subject to Trimet tax. You then calculate the tax owed and make the payment.

Q: Is there a penalty for late filing of Form OR-TM-V?
A: Yes, there is a penalty for late filing of Form OR-TM-V. The penalty is based on the amount of tax owed and the number of days late.

Q: What if I have questions about Form OR-TM-V?
A: If you have questions about Form OR-TM-V, you can contact the Oregon Department of Revenue's customer service for assistance.