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This version of the form is not currently in use and is provided for reference only. Download this version of
Form 150-101-166 Schedule OR-FIA-40-P
for the current year.
Form 150-101-166 Schedule OR-FIA-40-P Oregon Farm Income Averaging for Part-Year Residents - Oregon
What Is Form 150-101-166 Schedule OR-FIA-40-P?
This is a legal form that was released by the Oregon Department of Revenue - a government authority operating within Oregon. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form 150-101-166?A: Form 150-101-166 is the Schedule OR-FIA-40-P for Oregon Farm Income Averaging for Part-Year Residents in Oregon.
Q: What is the purpose of Form 150-101-166?A: The purpose of Form 150-101-166 is to allow part-year residents of Oregon who have farm income to average their income over a period of years.
Q: Who should use Form 150-101-166?A: Part-year residents of Oregon who have farm income should use Form 150-101-166.
Q: What is farm income averaging?A: Farm income averaging is a tax benefit that allows farmers to average their income over a period of years, reducing the impact of fluctuating income.
Q: How does Form 150-101-166 work?A: Form 150-101-166 allows part-year residents of Oregon to calculate their farm income average by combining their income from Oregon sources with their farm income from all sources.
Q: What are the eligibility criteria for using Form 150-101-166?A: To be eligible to use Form 150-101-166, you must have farm income and be a part-year resident of Oregon.
Q: When is Form 150-101-166 due?A: Form 150-101-166 is due on April 15th of the tax year, or the next business day if April 15th falls on a weekend or holiday.
Q: Are there any tips for filling out Form 150-101-166?A: Some tips for filling out Form 150-101-166 include carefully reviewing the instructions, gathering all the necessary documents and information, and double-checking your calculations before submitting the form.
Form Details:
- Released on August 25, 2022;
- The latest edition provided by the Oregon Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 150-101-166 Schedule OR-FIA-40-P by clicking the link below or browse more documents and templates provided by the Oregon Department of Revenue.
Download Form 150-101-166 Schedule OR-FIA-40-P Oregon Farm Income Averaging for Part-Year Residents - Oregon
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