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Oregon Free Printable 2019 Form OR-65, Oregon Partnership Return of Income, 150-101-065 for 2021 Oregon Oregon Partnership Return of Income

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Oregon Partnership Return of Income
2019 Form OR-65, Oregon Partnership Return of Income, 150-101-065

Clear This Page 2019 Form OR-65 Page 1 of 3, 150-101-065 (Rev. 08-02-19, ver. 01) Office use only Date received 00691901010000 Oregon Department of Revenue Oregon Partnership Return of Income Submit original form—do not submit photocopy. For calendar year 2019, or fiscal or short year Beginning: Mo / Day / Year Ending: Mo / Day / Amended return Year Type or print clearly and answer all the questions below. Name of partnership Federal employer identification number (FEIN) Partnership mailing address Partnership phone – City State ZIP code ( - / Name of partner who has the partnership books Partner mailing address ) Date activities started in Oregon / Partner contact phone City ( ) State - ZIP code Type of entity: Partnership Limited partnership Limited liability partnership Limited liability company Check all applicable boxes: (a) Final return (b) Initial return (c) Amended due to federal audit or adjustments (d) Name change (e) Accounting period change Mo Day Year / / (f) Extension filed–extension due date: (g) Form OR-24 is included (h) You have federal Form 8886, a REIT, or a RIC Yes 1. Doing business in Oregon. A. Did the partnership do business in Oregon during the year? ...........................................................................................................1A. 2. Requirement to file Oregon partnership return. A. Does the partnership have income or loss derived from sources in Oregon?......................................................................2A. B. Does the partnership have Oregon resident partners?.........................................................................................................2B. 3. Partnership minimum tax. A. Tax liability. Did you answer yes to question 1 and question 2A and/or 2B? If yes, enter $150; if no, enter -0- (see instructions).............................................................3A. B. Payments. Enter prepayments already made......................................................................3B. C. Tax due. If line 3A is more than line 3B, you have tax to pay. Line 3A minus line 3B..........3C. D. Refund. If line 3B is more than line 3A, you have a refund. Line 3B minus line 3A..............3D. $ $ $ $ .00 .00 .00 .00 4. Partner information. A. Did the partners’ profit/loss sharing percentages change during the year? ........................................................................4A. B. Were the Oregon modifications divided according to each partner’s profit sharing percentage?.......................................4B. Clear This Page 2019 Form OR-65 Page 2 of 3, 150-101-065 (Rev. 08-02-19, ver. 01) 00691901020000 Oregon Department of Revenue Yes 4. Partner information. (Continued) C. Does the partnership have corporate partners?................................................................................................................... 4C. D. Enter the number of federal Schedules K-1 issued to all partners:..................................Total 4D. ......................................................................................................................Oregon residents 4D. ............................................................................................................................ Nonresidents 4D. E. If there are nonresident partners, enter how many partners were included on a Form OR-OC to report this income:.............................................................................................. 4E. 5. Prior year returns and federal audits. A. Was a 2018 Oregon partnership return filed?....................................................................................................................... 5A. If not, why?:__________________________________________________________________________________________________ B. Was an amended federal return filed for a prior year?......................................................................................................... 5B. If yes, what tax year(s) were changed?___________________________________________________________________________ C. Did a federal audit or adjustments change a prior year or the current year tax return?........................................................5C. If yes, what tax year(s) were changed?___________________________________________________________________________ D. Did the partnership make an opt-out election under Internal Revenue Code (IRC) Section 6221(b) for tax year 2019?.... 5D. If “No,” complete the following information (see instructions). Federal partnership representative contact information First name Initial Last name Contact phone ( Entity name ) – Contact phone ( ) – 6. Business inside and outside of Oregon. A. Did the partnership have business activity both inside and outside of Oregon during the year?........................................ 6A. If you answered yes, use the Oregon apportionment percentage from Schedule OR-AP to figure Oregon source income. Include the schedule with your return. 7. Other taxing authorities. A. Do partnership employees perform services in the TriMet Transit District?..........................................................................7A. B. Do any partners have self-employment income from the partnership in the TriMet Transit District?....................................7B. C. Do partnership employees perform services in the Lane Transit District?........................................................................... 7C. D. Do any partners have self-employment income from the partnership in the Lane Transit District?..................................... 7D. If you answered yes to 7B and/or 7D, Form OR-TM and/or Form OR-LTD must be filed by the individual partners or the partnership may elect to file on the partners’ behalf. Clear This Page 2019 Form OR-65 Page 3 of 3, 150-101-065 (Rev. 08-02-19, ver. 01) 00691901030000 Oregon Department of Revenue Schedule I—Oregon modifications to federal partnership income and credits passed through to partners. List the name, numeric code, and amount for each addition, subtraction, and credit (see instructions). Include schedules to explain and compute the modifications and credits. Note: A partner’s share of each modification or credit must be reported to the partner on their federal Schedule K-1, Schedule OR-K-1 or equivalent. Generally, a partner’s share of each modification or credit is figured using the partner’s profit/loss sharing percentage. Additions—Items not included in federal partnership income which are taxable to Oregon. 8. 9. 10. 11. 8a. 9a. 10a. 11a. Amount Code 8b. 9b. 10b. 11b. $ $ $ $ Amount Subtractions—Items included in federal partnership income that are not taxable to Oregon. Code 12. 13. 14. 15. 12a. 13a. 14a. 12b. 13b. 14b. 15a. 15b. $ $ $ $ Amount Credits—Oregon tax credits earned by the partnership that can be passed through to the partners. Code 16. 17. 18. 19. 16a. 17a. 18a. 19a. 16b. 17b. 18b. 19b. $ $ $ $ .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 Under penalty of false swearing, I declare that the information in this return and any attachments is true, correct, and complete. Sign Signature of general partner or LLC member here ➨ X Date X Phone number Date / / License number of preparer Signature of paid preparer / / Print name of general partner or LLC member Print name of paid preparer Title of general partner or LLC member Address of paid preparer City ( ) – State ZIP code Make your payment • Online payments: You may make payments online at w ­ ww.oregon.gov/dor. • Mailing your payment: We accept checks, money orders, and cashier’s checks. Make your check or money order payable to the Oregon Department of Revenue. Write your daytime phone number, FEIN, and “2019 Oregon Form OR-65” on your check or money order. Send your payment in the same envelope as your return. Don’t mail cash. Don’t use Form OR-65-V if sending a payment with your return. Include a complete copy of the 2019 federal partnership return and required schedules as indicated in the instructions. Instructions for Form OR-65 2019 Oregon Partnership Return of Income Which partnerships must file Form OR-65? • A copy of federal Form 1065, U.S. Return of Partnership Income. Include all pages and supporting schedules (for example, Schedule M-3). • Schedule OR-AP, if you answered yes to question 6A on Form OR-65. • If this is the final partnership return, a schedule showing to whom all assets and liabilities were distributed, and each asset’s adjusted basis, fair market value, and sales price. • Federal Schedules K-1, if less than 11 partners during the year. If you had more than 10 partners, include a summary of partner information. Your summary must include each partner’s name, SSN or FEIN, address, profit/loss sharing percentage, and Oregon modifications and credits. If you are mailing the summaries and K-1s, we prefer them on CD. Label the CD with the entity’s name, FEIN, and tax year. If your CD is password protected, mail the password separately or email it to file[email protected]​oregon. gov. Include the partnership name and FEIN with the password. • Form OR-24, if you had a 1031 exchange investing in out of state property. • Any additional schedules required for Oregon modifications and credits from Schedule I. • Every partnership having income or loss derived from or connected with sources in Oregon. • Every partnership having one or more Oregon resident partners. Exception: Publicly traded partnerships taxed as corporations. Oregon follows federal filing guidelines. If you aren’t required to file a federal partnership return, you don’t need to file for Oregon. Example: A married couple electing the qualified joint venture option doesn’t file a federal partnership return; therefore they don’t file an Oregon partnership return. Partnership minimum tax A partnership must pay the $150 minimum tax if it’s doing business in Oregon and required to file a partnership return. “Doing business” is performing a profit-seeking activity. If you are registered to do business in Oregon, but didn’t have any business activity, you are not subject to the minimum tax. When a short year return is filed only because of a change in accounting periods, the tax is prorated for the number of months in the short tax year. Amending instructions Filing and payment deadlines Complete the return as it should have been filed and check the ”amended return” box at the top. Include an explanation of all corrections. There is no tax to pay or refund unless you change the amount entered on line 3C or 3D. If the amended return is a tax-to-pay return, include payment with the amended return. Don’t include the voucher, Form OR-65-V, with the return. Returns and tax payments for the 2019 calendar year are due by March 16, 2020. Fiscal year returns are due by the 15th day of the third month after the end of the partnership’s tax year. Estimated payments are not required. Extension of time to file If you filed a federal extension, you don’t need an Oregon extension. If you need to file an Oregon only extension, use voucher Form OR-65-V. Check the extension box on the voucher and send it in by the original due date of the return, with payment if necessary. An Oregon extension gives the same amount of time to file as a federal extension. The maximum extended due date is September 15, 2020 for calendar tax year partnerships. Penalty and interest The partnership will owe interest on any tax not paid by the due date. The 2020 interest rate is 6 percent per year and increases to 10 percent per year if not paid within 60 days of our billing notice. The partnership will also owe a 5 percent late payment penalty on any tax not paid by the due date. An extension to file doesn’t mean more time to pay. If you need to pay the $150 minimum tax, check the extension box on voucher Form OR-65-V and send us the voucher and payment by the due date. Partnership failure‑to‑file penalty We may assess a penalty if a partnership doesn’t file a return or fails to provide information to us as required by law. The penalty is $50 per month per partner for each month the return is late or incomplete, up to a maximum of five months. What must be included with the Oregon partnership return? Don’t submit a penalty payment with your return. Penalty payments are only required if a penalty is assessed by the department. Submit this information with the return in the following order: 150-101-065-1 (Rev. 11-21-19) 1 2019 Form OR-65 Instructions Guaranteed payments Line 3A. If 1A is “Yes” and 2A or 2B (or both 2A and 2B) are “Yes,” the partnership owes the partnership minimum tax. Enter $150 on line 3A unless the partnership is filing a return for a change in accounting periods. If the “Accounting period change” box is checked, use this chart to determine the correct tax. Enter the tax on line 3A that corresponds to the number of months on the return: Guaranteed payments are treated as distributive shares of partnership income. For nonresident partners income attributable to Oregon sources is determined by applying the allocation and apportionment provisions to each nonresident’s entire distributive share including guaranteed payments. Individual income tax returns Each partner’s distributive share of net income (or loss) and separately stated items must be reported on that partner’s individual income tax return. Partners report their share of Oregon modifications (additions or subtractions) or credits on their tax return. The partner’s modification or credit is based on the total for the business multiplied by their ownership percentage. Nonresident partners can join a composite return, Form OR-OC, filed by the partnership or file their own return using Form OR-40-N and instructions. Number of months Tax Number of months Tax 1 $ 12 7 $ 87 2 $ 25 8 $100 3 $ 37 9 $112 4 $ 50 10 $125 5 $ 62 11 $137 6 $ 75 12 $150 Important: This chart doesn’t apply to other short tax year returns, such as initial returns or final returns. The tax is $150 in those cases. 2020 Short tax year Example 1: For tax year 2019, Renters LLC has federal permission to change from a calendar tax year to a fiscal tax year ending in September. To change the accounting periods, a short year return is required from January 1 to September 30, 2019. The LLC will file a 2019 short year return and owe $112 in tax on the due date for that short year which is December 16, 2019. Later they will file a full year 2019 return from October 1, 2019 to September 30, 2020 and will owe $150 minimum tax for that full tax year. Oregon follows federal filing requirements. Use this form for a short tax year that begins and ends in 2020, if the 2020 forms are not available by the due date. Remember that an extension to file doesn’t change the due date of the tax. Federal centralized partnership audit regime (CPAR). For tax years 2018 and forward, the Internal Revenue Service (IRS) is required to make audit adjustments and collect taxes at the partnership level for partnerships subject to the CPAR. If the partnership is audited by the IRS under CPAR resulting in adjustments that affect Oregon taxes, the partnership must follow certain procedures and timelines for reporting the adjustments to Oregon. For more information, go to our website. Example 2: Freight Partners ended business on May 10, 2019. They are a calendar tax year partnership, so the partners from January 1 to May 10 will file a 2019 short tax year return due August 19, 2019. They will use 2018 forms because 2019 forms aren’t available yet, but they will follow 2019 tax laws when completing the return. They will owe $150 minimum tax which is also due August 19, 2019, even if they get an extension to file. Form instructions Heading Line 3B. Enter the payments submitted prior to filing or with an extension. Enter all information in the heading and check all applicable boxes. It’s important that you provide the name and contact information for the person who has the partnership records. If you don’t complete this section, there may be a delay in receiving important information. If the partnership filed using a different name on the 2018 Oregon partnership return, check the “name change” box and provide that name. Line 3C. If payments are less than the tax liability owed by the partnership, enter the amount of tax due (line 3A minus line 3B). Otherwise, go to line 3D. To submit a payment: Lines 2A and 2B. The partnership is required to file if it had Oregon resident partners or had income (or loss) apportioned or allocated to Oregon. If you answered “Yes” to 2A or 2B (or both), you must file a Form OR-65. • Make your check or money order payable to “Oregon Department of Revenue.” • Write your daytime phone number, FEIN, and “2019 Partnership Tax” on your check or money order. • Don’t send cash or a postdated check. • Send your check or money order in the same envelope as your return. Don’t use Form OR-65-V unless you’re sending a payment without a return. • Pay the tax by the due date (not including extensions) to avoid penalty and interest. If you didn’t answer “Yes” to either 2A or 2B, then the partnership isn’t required to file a return or pay the minimum tax. Line 3D. If payments are more than the tax liability owed by the partnership, enter the amount to be refunded to the Line instructions Line 1A. Answer yes if the partnership is doing business in Oregon. “Doing business” is defined the same for partnerships and corporations. 150-101-065-1 (Rev. 11-21-19) 2 2019 Form OR-65 Instructions partnership (line 3B minus line 3A). If the tax liability and the payments already submitted are the same, enter $0. that could be claimed as federal deductions if marijuana wasn’t a controlled substance under federal law (IRC Section 280E). To calculate the subtraction, you must fill out a federal partnership return as if the marijuana business expenses would have been allowed for federal purposes. You won’t submit the “as if” federal partnership return to the IRS. The subtraction is the difference between the profit/loss on your actual federal return and the “as if” return. Don’t submit the “as if” return with your Form OR-65. Keep it with your tax records. See Publication OR-17. Line 4D. Enter the number of federal Schedule K-1s issued to partners. Does the partnership have nonresident partners? The partnership is required to send in payments on behalf of nonresident partners who are individuals or C corporations, unless the partner is exempt, files an affidavit, or joins a composite return. See Publication OR-OC and Publication OR-19 for more information on the partnership’s requirements to file a composite return or send in payments on behalf of its nonresident partners. Gain on voluntary and involuntary conversions. Oregon allows partnerships to elect for their partners to defer the gain on voluntary and involuntary conversions. Partnerships must make the election for all consenting partners. Include Form OR-24, with your Form OR-65, and check the box on the front of the return. Line 4E. Nonresident partners who are individuals, trusts, estates, or C corporations can join a composite return, Form OR-OC, filed by the partnership. Enter how many partners participated in the Form OR-OC the partnership filed or will be filing. Line 5D. If the partnership didn’t opt-out of the federal centralized partnership audit regime, enter the contact information federal partnership representative (PR). If the PR is an entity, enter the contact information for both the designated individual and entity. Filing instructions You can electronically file or mail the Form OR-65 and any required enclosures to: Oregon Department of Revenue PO Box 14260 Salem OR 97309-5060 Lines 7A–7D. The partners must file returns and pay transit district self-employment taxes for income subject to these taxes. The partnership may instead file and pay on their behalf. Go to ­www.oregon.gov/dor/business. Detach the instructions before mailing. If you are filing electronically and your software doesn’t support attachments, mail the attachments to the address above or fax the attachments to (503) 345-2354, labeled “Attn: ADP.” Be sure to provide the partnership name and FEIN for reference. Wait three days after electronically filing the Form OR-65 before faxing the required attachments. Schedule I Enter the name, numeric code, and amount for each modification or credit. Include schedules to list additional modifications and credits or to explain the modifications. Modification and credit codes can be found in Publication OR-CODES available on our website. Don’t submit Form OR-OC or Form OR-19 with the partnership return. File those forms separately. A partner may be able to claim their share of these modifications or credits on their own return. Provide this information to partners with their Schedule OR-K-1. For more information, see the instructions regarding partnership and S corporation modifications and credits in Publication OR-17. Do you have questions or need help? Oregon marijuana business modification. Oregon-licensed marijuana businesses are allowed a subtraction for expenses Contact us for ADA accommodations or assistance in other languages. 150-101-065-1 (Rev. 11-21-19) ­www.oregon.gov/dor (503) 378-4988 or 1 (800) 356-4222 [email protected]​oregon.gov 3 2019 Form OR-65 Instructions Form OR-65-V Oregon Department of Revenue Page 1 of 1, 150-101-066 (Rev. 07-17-19, ver. 02) Oregon Partnership Return of Income Payment Voucher Online payments: You can make payments anytime at www.oregon.gov/dor. Don’t use Form OR-65-V with online payments. Payments with a return: If you’re mailing a payment with your tax return, send the payment and return in the same envelope and don’t use Form OR-65-V. We accept checks, money orders, and cashier’s checks. Don’t mail cash. See the instructions for the return you are filing for the mailing address to send your return and payment. Payments without a return: If you’re mailing a payment without a return, mail your check, money order, or cashier’s check with Form OR-65-V to: Oregon Department of Revenue PO Box 14950 Salem OR 97309-0950 Form OR-65-V instructions Tax year. Enter the month, day, and year for the beginning and end date of the tax year you are submitting the payment for. For most filers this will be January 1 through December 31 of the tax year. Example: For tax year 2019, enter: Begins: 01/01/2019. Ends: 12/31/2019. Payment type. Check the appropriate box for the type of payment being made. Taxpayer information. Completely fill out the information on the form. If your address has changed since the last time you filed a return, complete a Change of Address/Name form and mail it to us. Your address will not be updated using information on Form OR-65-V. Note: If you are viewing this form electronically and you see a solid box instead of letters or numbers, adjust the view size to 100 percent and press the tab key to move through the fields. Cut on dashed line below to detach voucher. Visit www.oregon.gov/dor/forms to print more vouchers. Form OR-65-V, Oregon Partnership Return of Income Payment Voucher • Tax year: Begins: Ends: • FEIN: – / / / / • Payment type (check only one): Office use only • Original return Amended return Name of contact person Extension payment Name of partnership Partnership mailing address City State ZIP code Contact phone ( 150-101-066 (Rev. 07-17-19, ver. 02) ) Enter payment amount – $ . 00
Extracted from PDF file 2019-oregon-form-65.pdf, last modified October 2017

More about the Oregon Form 65 Corporate Income Tax Tax Return

We last updated the Oregon Partnership Return of Income in February 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Oregon Department of Revenue. You can print other Oregon tax forms here.


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Other Oregon Corporate Income Tax Forms:

TaxFormFinder has an additional 50 Oregon income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Schedule ASC-CORP Oregon Adjustments
Form 20-V Oregon Corporation Tax Payment Voucher
Form 41 Oregon Fiduciary Income Tax Return
Form 20 Oregon Corporation Excise Tax Return
Form 65 Oregon Partnership Return of Income

Download all OR tax forms 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 65 from the Department of Revenue in February 2020.

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Form 65 is an Oregon Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

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 65

We have a total of nine past-year versions of Form 65 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 65

2019 Form OR-65, Oregon Partnership Return of Income, 150-101-065

2018 Form 65

2017 Form OR-65, Oregon Partnership Return of Income, 150-101-065

2017 Form 65

2017 Form OR-65, Oregon Partnership Return of Income, 150-101-065

2016 Form 65

2016 Form OR-65, Oregon Partnership Return of Income and Voucher, 150-101-065, 150-101-066

2015 Form 65

2015 Form 65, Oregon Partnership Return of Income, 150-101-065

Which partnerships must file Form 65? Every partnership having income derived from or connected with sources in Oregon. Every partnership having one or more Oregon resident partners. Exception: Public 2014 Form 65

Form 65, Oregon Partnership Return of Income, Instructions, voucher, 150-101-065

Which partnerships must file Form 65? Every partnership having income derived from or connected with sources in Oregon. Every partnership having one or more Oregon resident partners. Exception: Public 2013 Form 65

Form 65, Oregon Partnership Return of Income, Instructions, voucher, 150-101-065

Which partnerships must file Form 65? Every partnership having income derived from or connected with sources in Oregon. Every partnership having one or more Oregon resident partners. Exception: Public 2012 Form 65

Form 65, Oregon Partnership Return of Income, Instructions, voucher, 150-101-065

Which partnerships must file Form 65? Every partnership having income derived from or connected with sources in Oregon. Every partnership having one or more Oregon resident partners. Exception: Public 2011 Form 65

2011 Form 65, Oregon Partnership Return of Income, Instructions, voucher, 150-101-065


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