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Oregon Underpayment of Oregon Corporation Estimated Tax
Extracted from PDF file 2023-oregon-form-37.pdf, last modified July 2023Underpayment of Oregon Corporation Estimated Tax
Clear form 2023 Form OR-37 Oregon Department of Revenue Underpayment of Oregon Corporation Estimated Tax Page 1 of 8 • Use UPPERCASE letters. • Use blue or black ink. • Print actual size (100%). • Don’t submit photocopies or use staples. Corporation legal name (as shown on your Oregon return) Federal employer identification number (FEIN) Current and prior year information 1. Current year net excise or income tax (from Form OR-20, OR-20-INC, OR-20-INS, or OR-20-S)...........................................................................1. , , , 0 0 2. Prior year net excise or income tax......................................................... 2. , , , 0 0 3a. Quarter 1: Current year net tax (25% of line 1)...................................... 3a. , , , 0 0 3b. Quarter 2: Current year net tax (25% of line 1)...................................... 3b. , , , 0 0 3c. Quarter 3: Current year net tax (25% of line 1)...................................... 3c. , , , 0 0 3d. Quarter 4: Current year net tax (25% of line 1)...................................... 3d. , , , 0 0 4a. Quarter 1: Prior year net tax (25% of line 2).......................................... 4a. , , , 0 0 4b. Quarter 2: Prior year net tax (25% of line 2).......................................... 4b. , , , 0 0 4c. Quarter 3: Prior year net tax (25% of line 2).......................................... 4c. , , , 0 0 4d. Quarter 4: Prior year net tax (25% of line 2).......................................... 4d. , , , 0 0 Part 1—Figuring the required installments Exception 1: Figuring the required installments for exception 1. Exception 2: Figuring the required installments for exception 2 (high-income taxpayers may use this exception for the first installment only - See instructions). Continued on next page 150-102-037 (Rev. 07-18-23, ver. 01) 02712301010000 2023 Form OR-37 Page 2 of 8 Oregon Department of Revenue • Use UPPERCASE letters. • Use blue or black ink. • Print actual size (100%). • Don’t submit photocopies or use staples. Exception 3: Annualized income (lines 22 through 28) 5a. Quarter 1: Net annualized tax (25% of line 28a).................................... 5a. , , , 0 0 5b. Quarter 2: Net annualized tax (25% of line 28b).................................... 5b. , , , 0 0 5c. Quarter 3: Net annualized tax (25% of line 28c).................................... 5c. , , , 0 0 5d. Quarter 4: Net annualized tax (25% of line 28d).................................... 5d. , , , 0 0 6a. Quarter 1: .............................................................................................. 6a. , , , 0 0 6b. Quarter 2: .............................................................................................. 6b. , , , 0 0 6c. Quarter 3: .............................................................................................. 6c. , , , 0 0 6d. Quarter 4: .............................................................................................. 6d. , , , 0 0 Exception 4: Recurring seasonal income (see instructions) Part 2: Figuring the underpayment (high-income taxpayers, see instructions) 7. Enter the exception number claimed for quarters 1 through 4: (1, 2, 3, or 4 ).......................................................................................... 7a. 7b. 7c. 7d. 8a. Quarter 1: Required installment, the lesser of lines 3a, 4a, 5a or 6a....................................................................................................... 8a. , , , 0 0 8b. Quarter 2: Required installment, the lesser of lines 3b, 4b, 5b or 6b....................................................................................................... 8b. , , , 0 0 8c. Quarter 3: Required installment, the lesser of lines 3c, 4c, 5c or 6c....................................................................................................... 8c. , , , 0 0 8d. Quarter 4: Required installment, the lesser of lines 3d, 4d, 5d or 6d....................................................................................................... 8d. , , , 0 0 Continued on next page 150-102-037 (Rev. 07-18-23, ver. 01) 02712301020000 2023 Form OR-37 Page 3 of 8 Oregon Department of Revenue • Use UPPERCASE letters. • Use blue or black ink. • Print actual size (100%). • Don’t submit photocopies or use staples. Quarter 1: Underpayment calculation 10a. Required Installment (from line 8a)...................................................... 10a. , , , 0 0 11a. Estimated tax paid or credited for quarter 1........................................ 11a. , , , 0 0 12a. Total tax paid (from line 11a)................................................................ 12a. , , , 0 0 13a. Overpayment. Subtract line 10a from line 12a.................................... 13a. , , , 0 0 14a. Underpayment. Subtract line 12a from line 10a.................................. 14a. , , , 0 0 9b. Underpayment from line 14a................................................................. 9b. , , , 0 0 10b. Total tax due. Add lines 8b and 9b...................................................... 10b. , , , 0 0 11b. Estimated tax paid or credited for quarter 2........................................ 11b. , , , 0 0 12b. Overpayment from line 13a.................................................................. 12b. , , , 0 0 13b. Total tax paid. Add lines 11b and 12b................................................. 13b. , , , 0 0 14b. Overpayment. Subtract line 10b from line 13b.................................... 14b. , , , 0 0 15b. Underpayment. Subtract line 13b from line 10b.................................. 15b. , , , 0 0 Quarter 2: Underpayment calculation Continued on next page 150-102-037 (Rev. 07-18-23, ver. 01) 02712301030000 2023 Form OR-37 Page 4 of 8 Oregon Department of Revenue • Use UPPERCASE letters. • Use blue or black ink. • Print actual size (100%). • Don’t submit photocopies or use staples. Quarter 3: Underpayment calculation 9c. Underpayment from line 15b................................................................. 9c. , , , 0 0 10c. Total tax due. Add lines 8c and 9c....................................................... 10c. , , , 0 0 11c. Estimated tax paid or credited for quarter 3........................................ 11c. , , , 0 0 12c. Overpayment from line 14b................................................................. 12c. , , , 0 0 13c. Total tax paid. Add lines 11c and 12c.................................................. 13c. , , , 0 0 14c. Overpayment. Subtract line 10c from line 13c.................................... 14c. , , , 0 0 15c. Underpayment. Subtract line 13c from line 10c.................................. 15c. , , , 0 0 9d. Underpayment from line 15c................................................................. 9d. , , , 0 0 10d. Total tax due. Add lines 8d and 9d...................................................... 10d. , , , 0 0 11d. Estimated tax paid or credited for quarter 4........................................ 11d. , , , 0 0 12d. Overpayment from line 14c.................................................................. 12d. , , , 0 0 13d. Total tax paid. Add lines 11d and 12d................................................. 13d. , , , 0 0 14d. Overpayment. Subtract line 10d from line 13d.................................... 14d. , , , 0 0 15d. Underpayment. Subtract line 13d from line 10d.................................. 15d. , , , 0 0 Quarter 4: Underpayment calculation Continued on next page 150-102-037 (Rev. 07-18-23, ver. 01) 02712301040000 2023 Form OR-37 Page 5 of 8 Oregon Department of Revenue • Use UPPERCASE letters. • Use blue or black ink. • Print actual size (100%). • Don’t submit photocopies or use staples. Part 3—Calculating interest on underpayments (see instructions) Quarter 1: Underpayment interest , , 0 0 , , , 0 0 16b. Enter the amount of underpayment from line 15b............................... 16b. , , , 0 0 17b. Date estimated payment was due....................................................... 17b. / / 18b. Enter the earliest date the installment was paid or the due date of the following installment.................................................................. 18b. / / , , , 0 0 , , , 0 0 , , 0 0 16a. Enter the amount of underpayment from line 14a............................... 16a. , 17a. Date estimated payment was due....................................................... 17a. / / 18a. Enter the earliest date the installment was paid or the due date of the following installment...................................................................... 18a. / / 19a. Number of days between dates on lines 17a and 18a........................ 19a. 20a. Interest due (see instructions).............................................................. 20a. Quarter 2: Underpayment interest 19b. Number of days between dates on lines 17b and 18b........................ 19b. 20b. Interest due (see instructions).............................................................. 20b. Quarter 3: Underpayment interest 16c. Enter the amount of underpayment from line 15c............................... 16c. 17c. Date estimated payment was due....................................................... 17c. / / 18c. Enter the earliest date the installment was paid or the due date of the following installment.................................................................. 18c. / / 19c. Number of days between dates on lines 17c and 18c........................ 19c. 20c. Interest due (see instructions).............................................................. 20c. , Continued on next page 150-102-037 (Rev. 07-18-23, ver. 01) 02712301050000 2023 Form OR-37 Page 6 of 8 Oregon Department of Revenue • Use UPPERCASE letters. • Use blue or black ink. • Print actual size (100%). • Don’t submit photocopies or use staples. Quarter 4: Underpayment interest 16d. Enter the amount of underpayment from line 15d............................... 16d. , 17d. Date estimated payment was due....................................................... 17d. / / 18d. Enter the earliest date the installment was paid or the due date of the return......................................................................................... 18d. / / , , 0 0 19d. Number of days between dates on lines 17d and 18d........................ 19d. 20d. Interest due (see instructions).............................................................. 20d. , , , 0 0 21. Total interest due (add line 20a, 20b, 20c, 20d)..................................... 21. , , , 0 0 , , 0 0 Enter the amount from line 21 on the “interest on underpayment of estimated tax” line on your return. Part 4—Exception 3 Annualized income worksheet (see instructions) Quarter 1—Figuring annualized income 22a. Number of months in annualization period.......................................... 22a. 23a. Actual income for the period on line 22a, less net losses carried forward from prior tax years................................................................ 23a. , % 24a. Annualization factors based on selected annualized period............... 24a. 25a. Annualized income (line 23a x line 24a)............................................... 25a. , , , 0 0 26a. Annualized tax (see calculated tax rate in instructions)....................... 26a. , , , 0 0 27a. Less credits corporation is entitled to for months shown on line 22a................................................................................................. 27a. , , , 0 0 28a. Net annualized tax (use to figure line 5a)............................................. 28a. , , , 0 0 Continued on next page 150-102-037 (Rev. 07-18-23, ver. 01) 02712301060000 2023 Form OR-37 Page 7 of 8 Oregon Department of Revenue • Use UPPERCASE letters. • Use blue or black ink. • Print actual size (100%). • Don’t submit photocopies or use staples. Quarter 2—Figuring annualized income 22b. Number of months in annualization period.......................................... 22b. 23b. Actual income for the period on line 22b, less net losses carried forward from prior tax years................................................................ 23b. , , , 0 0 % 24b. Annualization factors based on selected annualized period............... 24b. 25b. Annualized income (line 23b x line 24b)............................................... 25b. , , , 0 0 26b. Annualized tax (see calculated tax rate in instructions)....................... 26b. , , , 0 0 27b. Less credits corporation is entitled to for months shown on line 22b................................................................................................ 27b. , , , 0 0 28b. Net annualized tax (use to figure line 5b)............................................. 28b. , , , 0 0 , , , 0 0 Quarter 3—Figuring annualized income 22c. Number of months in annualization period.......................................... 22c. 23c. Actual income for the period on line 22c, less net losses carried forward from prior tax years................................................................ 23c. % 24c. Annualization factors based on selected annualized period............... 24c. 25c. Annualized income (line 23c x line 24c)............................................... 25c. , , , 0 0 26c. Annualized tax (see calculated tax rate in instructions)....................... 26c. , , , 0 0 27c. Less credits corporation is entitled to for months shown on line 22c................................................................................................. 27c. , , , 0 0 28c. Net annualized tax (use to figure line 5c)............................................. 28c. , , , 0 0 Continued on next page 150-102-037 (Rev. 07-18-23, ver. 01) 02712301070000 2023 Form OR-37 Page 8 of 8 Oregon Department of Revenue • Use UPPERCASE letters. • Use blue or black ink. • Print actual size (100%). • Don’t submit photocopies or use staples. Quarter 4—Figuring annualized income 22d. Number of months in annualization period.......................................... 22d. 23d. Actual income for the period on line 22d, less net losses carried forward from prior tax years................................................................ 23d. , , , 0 0 % 24d. Annualization factors based on selected annualized period............... 24d. 25d. Annualized income (line 23d x line 24d)............................................... 25d. , , , 0 0 26d. Annualized tax (see calculated tax rate in instructions)....................... 26d. , , , 0 0 27d. Less credits corporation is entitled to for months shown on line 22d................................................................................................ 27d. , , , 0 0 28d. Net annualized tax (use to figure line 5d)............................................. 28d. , , , 0 0 Include this form with your corporation return if you owe interest or meet an exception, and check the “Form OR-37” box on the return. 150-102-037 (Rev. 07-18-23, ver. 01) 02712301080000
2023 Form OR-37, Underpayment of Oregon Corporation Estimated Tax, 150-102-037
More about the Oregon Form 37 Corporate Income Tax Estimated TY 2023
We last updated the Underpayment of Oregon Corporation Estimated Tax in February 2024, so this is the latest version of Form 37, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 37 directly from TaxFormFinder. You can print other Oregon tax forms here.
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Form Sources:
Oregon usually releases forms for the current tax year between January and April. We last updated Oregon Form 37 from the Department of Revenue in February 2024.
Form 37 is an Oregon Corporate Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Oregon Form 37
We have a total of twelve past-year versions of Form 37 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 37
2023 Form OR-37, Underpayment of Oregon Corporation Estimated Tax, 150-102-037
2022 Form 37
2022 Form OR-37, Underpayment of Oregon Corporation Estimated Tax, 150-102-037
2021 Form 37
2021 Form OR-37, Underpayment of Oregon Corporation Estimated Tax, 150-102-037
2020 Form 37
2020 Form OR-37, Underpayment of Oregon Corporation Estimated Tax, 150-102-037
2019 Form 37
2019 Form OR-37, Underpayment of Oregon Corporation Estimated Tax, 150-102-037
2018 Form 37
2018 Form OR-37, Underpayment of Oregon Corporation Estimated Tax, 150-102-037
2017 Form 37
2017, Form OR-37, Underpayment of Oregon Corporation Estimated Tax, 150-102-037
2016 Form 37
2015 Form 37, Underpayment of Oregon Corporation Estimated Tax, 150-102-037
2015 Form 37
2015 Form 37, Underpayment of Oregon Corporation Estimated Tax, 150-102-037
2014 Form 37
Form 37, Underpayment of Oregon Corporation Estimated Tax, 150-102-037
2012 Form 37
PDF Form Pack
2011 Form 37
Form 37, Underpayment of Oregon Corporation Estimated Tax, 150-102-037
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