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Oregon Form 20-S Instructions
Extracted from PDF file 2023-oregon-form-20-s-instructions.pdf, last modified July 2023Form 20-S Instructions
Clear form 2023 Form OR-20-S Oregon Department of Revenue Oregon S Corporation Tax Return Page 1 of 8 • Use UPPERCASE letters. • Use blue or black ink. • Print actual size (100%). • Don’t submit photocopies or use staples. Excise tax Income tax Fiscal year beginning (MM/DD/YYYY) / Fiscal year ending (MM/DD/YYYY) / / / See instructions for checkboxes. New name New address OR-FCG-20 Extension Form OR-37 REIT/RIC Amended Form OR-24 Federal Form 8886 GILTI included on federal return Accounting period change Alternative apportionment request included Corporation legal name Federal employer identification number (FEIN) Doing business as (DBA) or assumed business name (ABN) Attn: or c/o, first name Initial Attn: or c/o, last name Corporation current address State City ZIP code Contact first name Initial Contact last name Contact phone Email Continued on next page 150-102-025 (Rev. 07-18-23, ver. 01) 02652301010000 2023 Form OR-20-S 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. Only complete questions A through C if this is your first return, or the answer changed during this tax year. A. Incorporated in (state) Incorporated on (date) (MM/DD/YYYY) / B. State of commercial domicile / C. Date business activity began in Oregon (MM/DD/YYYY) / D. NAICS code / E. List the tax years for which federal waivers of the statute of limitations are in effect and dates on which waivers expire F. List the tax years for which your federal taxable income was changed by an IRS audit or by an amended federal return filed during this tax year G. If first return, indicate: New business Successor to previous business Previous business name FEIN H. If final return, indicate: Withdrawn Dissolved Merged or reorganized Merged or reorganized corporation name FEIN I. Utility or telecommunications companies (see instructions). J. Enter ordinary business income or loss from federal Form 1120-S...............J. , , , 0 0 K. Fill in the amount of your total Oregon sales................................................ K. , , , 0 0 Continued on next page 150-102-025 (Rev. 07-18-23, ver. 01) 02652301020000 2023 Form OR-20-S 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. S corporations without built-in gains or excess net passive income, fill in your apportionment percentage on line 6 then enter -0- on lines 7, 8, and 10 and go to line 11. 1. Income taxed on federal Form 1120-S from: (a) Built-in gains (see instructions)............................................................................................ 1a. , , , 0 0 (b) Excess net passive income (see instructions)...................................1b. , , , 0 0 Total: Line 1a plus line 1b..............................................................Total 1c. , , , 0 0 2. Total additions from Schedule OR-ASC-CORP, Section A, (only if apply to amounts included in line 1, see instructions)........................................2. , , , 0 0 3. Total subtractions from Schedule OR-ASC-CORP, Section B, (only if apply to amounts included in line 1, see instructions)..............................3. 4. S corporation income before net loss deduction (line 1c plus line 2, minus line 3) If income is entirely from Oregon sources, continue. If from both Oregon and other states, see Schedule OR-AP and continue...................................................................................................4. , , , 0 0 , , , 0 0 5. Net loss from prior years as C corporation (deductible from built-in gain income only) (include schedule, enter as a positive number)...........5. , , , 0 0 6. Enter the apportionment percentage from Schedule OR-AP, part 1, line 23. Enter 100.0000 if you don’t apportion income.............................6. You must attach Schedule OR-AP to apportion income. 7. Oregon taxable income (line 4 minus line 5, or from Schedule OR-AP, part 2, line 12)...........................................................................................7. % , , , 0 0 8. Calculated tax (see instructions)...............................................................8. , , , 0 0 9. Schedule OR-FCG-20 adjustment (see instructions, include schedule)......................................................................................9. , , , 0 0 10. Total calculated tax (line 8 minus line 9).................................................10. , , , 0 0 , , , 0 0 , , , 0 0 Tax 11. Minimum tax (see instructions)...............................................................11. 12. Tax (greater of line 10 or line 11).............................................................12. Continued on next page 150-102-025 (Rev. 07-18-23, ver. 01) 02652301030000 2023 Form OR-20-S 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. 13. Tax adjustment for installment sales interest (include schedule)............13. , , , 0 0 14. Tax before credits (line 12 plus line 13)...................................................14. , , , 0 0 15. Total carryforward credits from Schedule OR-ASC-CORP, Section D (see instructions).....................................................................................15. , , , 0 0 16. Tax after carryforward credits (line 14 minus line 15)..............................16. , , , 0 0 17. LIFO benefit recapture addition (see instructions)..................................17. , , , 0 0 18. Net tax (line 16 plus line 17, see instructions).........................................18. , , , 0 0 19. Estimated tax payments from Schedule ES line 8. Include payments made with extension...............................................................19. , , , 0 0 20. Tax due. Is line 18 more than line 19? If so, line 18 minus line 19........................................................................................Tax due 20. , , , 0 0 21. Overpayment. Is line 18 less than line 19? If so, line 19 minus line 18.............................................................................. Overpayment 21. , , , 0 0 22. Penalty due with this return (see instructions)........................................22. , , , 0 0 23. Interest due with this return (see instructions)........................................23. , , , 0 0 24. Interest on underpayment of estimated tax (include Form OR-37)........24. , , , 0 0 , , , 0 0 , , , 0 0 Credits Net tax 25. Total penalty and interest (add lines 22 through 24)...............................25. 26. Total due (line 20 plus line 25)................................................ Total due 26. Continued on next page 150-102-025 (Rev. 07-18-23, ver. 01) 02652301040000 2023 Form OR-20-S 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. 27. Refund available (line 21 minus line 25)....................................Refund 27. , , , 0 0 28. Amount of refund to be credited to your open estimated tax account.............................................................................................28. , , , 0 0 29. Net refund (line 27 minus line 28)........................................Net refund 29. , , , 0 0 Schedule SM—Oregon modifications passed through to shareholders Federal taxable income passed through to the shareholders is adjusted to the extent that items of income, loss, or deduction of the shareholder are required to be adjusted under the provisions of Oregon Revised Statutes, Chapters 314 and 316. Indicate which federal Schedule K-1 line item each modification is for. Don’t use Schedule OR-ASC-CORP codes for this section. Additions , , , 0 0 , , , 0 0 3. Other addition (include schedule)...........................................................3. , , , 0 0 4. Total Oregon additions..............................................................................4. , , , 0 0 , , , 0 0 , , , 0 0 , , , 0 0 1. Interest on government bonds of other states.........................................1. K-1 line 2. Gain or loss on the sale of depreciable property......................................2. K-1 line Subtractions 5. Interest from U.S. government, such as Series EE and HH bonds .................................................................................................5. K-1 line 6. Gain or loss on the sale of depreciable property......................................6. K-1 line 7. Work opportunity credit wage reductions ................................................7. K-1 line Continued on next page 150-102-025 (Rev. 07-18-23, ver. 01) 02652301050000 2023 Form OR-20-S 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. 8. Other subtraction (include schedule)......................................................8. , , , 0 0 9. Total Oregon subtractions.........................................................................9. , , , 0 0 Schedule ES—Estimated tax payments, other prepayments, and refundable credits 1. Quarter 1 Payer name Date paid Payer FEIN / / 1. Amount paid.............................................................................................1. , , , 0 0 , , , 0 0 , , , 0 0 2. Quarter 2 Payer name Payer FEIN Date paid / / 2. Amount paid.............................................................................................2. 3. Quarter 3 Payer name Payer FEIN Date paid / / 3. Amount paid.............................................................................................3. Continued on next page 150-102-025 (Rev. 07-18-23, ver. 01) 02652301060000 2023 Form OR-20-S 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. 4. Quarter 4 Payer name Payer FEIN Date paid / / 4. Amount paid.............................................................................................4. , , , 0 0 5. Overpayment of another year’s tax applied as a credit against this year’s tax...................................................................................................5. , , , 0 0 6. Payments made with extension or other prepayments for this tax year....6. , , , 0 0 , , , 0 0 Date paid (MM/DD/YYYY) / / 7. Reserved...................................................................................................7. 8. Total prepayments (carry to line 19 above)...............................................8. Continued on next page 150-102-025 (Rev. 07-18-23, ver. 01) 02652301070000 2023 Form OR-20-S 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. Under penalty of false swearing, I declare that the information in this return and any enclosures are true, correct, and complete. Officer signature X Date (MM/DD/YYYY) / / Officer first name Initial Officer last name Officer title Check the box to authorize the following individual(s) to receive and provide confidential tax information relating to this return. Preparer signature other than taxpayer X Date (MM/DD/YYYY) / Preparer license number Phone / Preparer first name Initial Preparer last name Preparer address City State ZIP code Mail refund returns and no tax due returns to: Refund, PO Box 14777, Salem OR 97309-0960 Mail tax-to-pay returns with payment to: Oregon Department of Revenue, PO Box 14790, Salem OR 97309-0470 Do not include a payment voucher with your return. Include a complete copy of your federal Form 1120-S and schedules, including all federal K-1s or K-1 summary (see instructions). 150-102-025 (Rev. 07-18-23, ver. 01) 02652301080000
2023 Form OR-20-S, Oregon S Corporation Tax Return, 150-102-025
More about the Oregon Form 20-S Instructions Corporate Income Tax TY 2023
We last updated the Form 20-S Instructions in January 2024, so this is the latest version of Form 20-S Instructions, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 20-S Instructions directly from TaxFormFinder. You can print other Oregon tax forms here.
Related Oregon Corporate Income Tax Forms:
TaxFormFinder has an additional 50 Oregon income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Oregon Form 20-S Instructions.
| Form Code | Form Name |
|---|---|
| Form 20-S | Oregon S Corporation Tax Return |
View all 51 Oregon Income Tax Forms
Form Sources:
Oregon usually releases forms for the current tax year between January and April. We last updated Oregon Form 20-S Instructions from the Department of Revenue in January 2024.
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 20-S Instructions
We have a total of ten past-year versions of Form 20-S Instructions in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 20-S Instructions
2023 Form OR-20-S, Oregon S Corporation Tax Return, 150-102-025
2022 Form 20-S Instructions
2022 Form OR-20-S, Oregon S Corporation Tax Return, 150-102-025
2021 Form 20-S Instructions
2021 Form OR-20-S, Oregon S Corporation Tax Return, 150-102-025
2020 Form 20-S Instructions
2020 Form OR-20-S, Oregon S Corporation Tax Return, 150-102-025
2019 Form 20-S Instructions
2019 Form OR-20-S, Oregon S Corporation Tax Return, 150-102-025
2018 Form 20-S Instructions
2018 Form OR-20-S Instructions, Oregon S-Corporation Tax, 150-102-018
2017 Form 20-S Instructions
2017, Form OR-20-S Instructions, Oregon S-Corporation Tax Return, 150-102-018
2016 Form 20-S Instructions
2016, Form OR-20-S Instructions, Oregon S-Corporation Tax Return, 150-102-025-1
2015 Form 20-S Instructions
2015 Form 20-S Instructions, Oregon S-Corporation Tax Return, 150-102-025-1
2014 Form 20-S Instructions
2012 Form 20-S Instructions, Oregon S-Corporation Tax Return, 150-102-025-1
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