Instructions for Form 150-107-111 Schedule OR-21-AP Oregon Pass-Through Entity Elective Tax Apportionment of Income - Oregon

This document contains official instructions for Form 150-107-111 Schedule OR-21-AP, Oregon Pass-Through Entity Elective Tax Apportionment of Income - a form released and collected by the Oregon Department of Revenue.

FAQ

Q: What is Form 150-107-111?
A: Form 150-107-111 is a schedule called OR-21-AP used for Oregon Pass-Through Entity Elective Tax Apportionment of Income.

Q: What does Schedule OR-21-AP do?
A: Schedule OR-21-AP is used to calculate and report the apportionment of income for pass-through entities in Oregon.

Q: Who needs to file Form 150-107-111?
A: Pass-through entities in Oregon who elect to apportion their income need to file Form 150-107-111.

Q: What is tax apportionment?
A: Tax apportionment is the method used to determine the portion of a business's income that is subject to taxation in a specific state.

Q: Is Form 150-107-111 required for all pass-through entities in Oregon?
A: No, only pass-through entities who elect to apportion their income need to file Form 150-107-111.

Q: When is Form 150-107-111 due?
A: The due date for Form 150-107-111 varies and is determined by the tax year of the pass-through entity. Check the instructions for the specific due date.

Q: What information do I need to complete Form 150-107-111?
A: You will need information about the pass-through entity's income, apportionment factors, and elections made for apportionment.

Q: What happens if I don't file Form 150-107-111?
A: If you are required to file Form 150-107-111 but fail to do so, you may be subject to penalties and interest charges by the Oregon Department of Revenue.