Instructions for Form OR-37, 150-102-037 Underpayment of Oregon Corporation Estimated Tax - Oregon

Form OR-37 (150-102-037) Underpayment of Oregon Corporation Estimated Tax - Oregon

This document contains official instructions for Form OR-37 , and Form 150-102-037 . Both forms are released and collected by the Oregon Department of Revenue. An up-to-date fillable Form OR-37 (150-102-037) is available for download through this link.

FAQ

Q: What is Form OR-37?
A: Form OR-37 is used for reporting underpayment of Oregon corporation estimated tax.

Q: Who needs to file Form OR-37?
A: Oregon corporations who underpaid their estimated tax during the tax year.

Q: What is the purpose of Form OR-37?
A: The purpose of Form OR-37 is to calculate and report the underpayment of estimated tax by Oregon corporations.

Q: What is considered an underpayment of estimated tax?
A: An underpayment of estimated tax occurs when a corporation did not pay enough estimated tax throughout the year.

Q: Are there any penalties for underpayment of estimated tax?
A: Yes, there may be penalties for underpayment of estimated tax, which are calculated based on the amount of the underpayment.

Q: When is Form OR-37 due?
A: Form OR-37 is due on the original due date of the Oregon corporation tax return.

Q: Is there an extension available for filing Form OR-37?
A: Yes, an extension for filing Form OR-37 can be requested, but any underpayment penalty will still be calculated based on the original due date.