Oregon FIA-40P and Schedule Z Farm Income Averaging

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FIA-40P and Schedule Z Farm Income Averaging
2022 Schedule OR-FIA-40-N, Oregon Farm Income Averaging for Nonresidents, 150-101-161Clear form

2022 Schedule OR-FIA-40-N
Page 1 of 2, 150-101-161
(Rev. 08-25-22, ver. 01)

Oregon Department of Revenue

Office use only

01442201010000

Oregon Farm Income Averaging for Nonresidents

First name

Initial Last name

Social Security number (SSN)

Spouse first name

Initial Spouse last name

Spouse SSN

–
–
Computation of 2022 taxable income
1.

3.
4.

7.
8.
9.
10.

Federal column

–
–
Oregon column

Enter income after subtractions from your
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.00
2022 Form OR-40-N, line 34...................................................... 1a. 1b.
Enter in both columns your elected farm income from
Oregon sources from federal Schedule J, line 2a; or from
.00
.00
Form OR-40-N, line 18S............................................................ 2a. 2b.
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.00
Line 1 minus line 2 in both the federal and Oregon columns.... 3a. 3b.
Recomputed Oregon percentage. Divide line 3b by line 3a
. %
(not more than 100%).................................................................. 4.
Multiply the allowable modifications from line 4 of the worksheet
used to calculate your 2022 Form OR-40-N, line 42, by the
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recomputed Oregon percentage shown on line 4 above............. 5.
Enter your deductions and modifications not multiplied by
.00
the Oregon percentage from 2022 Form OR-40-N, line 43......... 6.
.00
Add lines 5 and 6..................................................................................................................................... 7.
.00
Line 3b minus line 7. Enter the result here............................................................................................... 8.
.00
Figure the tax on line 8 using the 2022 tax rate charts............................................................................ 9.
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Divide line 2b by 3 and enter here......................................................................................................... 10.

Prior years’ tax
11.

12.

13.

14.

Enter the amount from your 2022 Schedule OR-FIA-COMP,
Computation for Tax Year 2019, Computation A, line 10;
Computation B, line 8; or Computation C, line 4; whichever applies.................................................... 11.
Enter the amount from your 2022 Schedule OR-FIA-COMP,
Computation for Tax Year 2020, Computation A, line 10;
Computation B, line 8; or Computation C, line 4; whichever applies.................................................... 12.
Enter the amount from your 2022 Schedule OR-FIA-COMP,
Computation for Tax Year 2021, Computation A, line 10;
Computation B,.line 8; or Computation C, line 4; whichever applies.................................................... 13.
Add lines 9, 11, 12, and 13.................................................................................................................... 14.

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Computation of 2022 tax
15. 2019 tax:
If you used FIA to figure your tax for 2021, enter the amount
from your 2021 Schedule OR-FIA-40, line 12; OR-FIA-40-N, line 12;
or OR-FIA-40-P, line 11.
If you didn’t use FIA in 2021 but did for 2020, enter the
amount from 2020 Schedule OR-FIA-40, line 16; OR-FIA-40-N, line 13;
or OR-FIA-40-P, line 12.
If you didn’t use FIA in 2021 or 2020 but did in 2019,
enter the amount from 2019 Schedule OR-FIA-40, line 4; OR-FIA-40-N,
line 9; or OR-FIA-40-P, line 8.

Otherwise, enter the tax from your 2019 Form OR-40,
line 20; OR-40-N, line 46; or OR-40-P, line 45....................................................................................... 15.

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2022 Schedule OR-FIA-40-N
Page 2 of 2, 150-101-161
(Rev. 08-25-22, ver. 01)

Oregon Department of Revenue

01442201020000

16. 2020 tax:
If you used FIA to figure your tax for 2021, enter the amount
from your 2021 Schedule OR-FIA-40, line 16; OR-FIA-40-N, line 13; or
OR-FIA-40-P, line 12.
If you didn’t use FIA in 2021 but did for 2020, enter the
amount from 2020 Schedule OR-FIA-40, line 4; OR-FIA-40-N, line 9;
or OR-FIA-40-P, line 8.

Otherwise, enter the tax from your 2020 Form OR-40, line 20;
OR-40-N, line 46; or OR-40-P, line 45.................................................................................................... 16.
17. 2021 tax:
If you used FIA to figure your tax for 2021, enter the amount
from your 2021 Schedule OR-FIA-40, line 4; OR-FIA-40-N, line 9; or
OR-FIA-40-P, line 8.
Otherwise, enter the tax from your 2021 Form OR-40, line 20;
OR-40-N, line 46; or OR-40-P, line 45.................................................................................................... 17.
18. Add lines 15, 16, and 17........................................................................................................................ 18.
19. Line 14 minus line 18............................................................................................................................. 19.
20. Figure the tax on the amount on your 2022 Form OR-40-N,
line 45, using the 2022 tax rate charts and enter here.......................................................................... 20.
21. Is line 19 less than line 20? If yes: Enter the amount from line
19 here and on Form OR-40-N, line 46, and check box 46a.

If no: Your tax isn’t reduced by using FIA. Complete your Form OR-40-N without
using FIA. Enter the amount from line 20 above on Form OR-40-N, line 46......................................... 21.

Oregon column

—Don’t include this schedule with your Oregon return. Keep it with your records.—

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Extracted from PDF file 2022-oregon-form-fia-40n.pdf, last modified August 2022

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More about the Oregon Form FIA-40N Corporate Income Tax Nonresident TY 2022

We last updated the FIA-40P and Schedule Z Farm Income Averaging in January 2023, so this is the latest version of Form FIA-40N, fully updated for tax year 2022. You can download or print current or past-year PDFs of Form FIA-40N directly from TaxFormFinder. 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
Form 20-V	Oregon Corporation Tax Payment Voucher Voucher
Form 65	Oregon Partnership Return of Income Tax Return
Form 41	Oregon Fiduciary Income Tax Return Tax Return
Form 20	Oregon Corporation Excise Tax Return Tax Return
Schedule K-1	Distributive Share of Income Schedule

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 FIA-40N from the Department of Revenue in January 2023.

Show Sources >

Form FIA-40N is an Oregon Corporate Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.

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 FIA-40N

We have a total of eleven past-year versions of Form FIA-40N in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2022 Form FIA-40N

2022 Schedule OR-FIA-40-N, Oregon Farm Income Averaging for Nonresidents, 150-101-161

2021 Form FIA-40N

2021 Schedule OR-FIA-40-N, Oregon Farm Income Averaging for Nonresidents, 150-101-161

2020 Form FIA-40N

2020 Schedule OR-FIA-40-N, Oregon Farm Income Averaging for Nonresidents, 150-101-161

2019 Form FIA-40N

2019, Form OR-FIA-40-N, Oregon Farm Income Averaging, 150-101-161

2018 Form FIA-40N

2018, Publication OR-FIA-NP, Instructions for Forms OR-FIA-40N, OR-FIA-40-P, and Schedule OR-FIA-COMP, 150-101-162

2017 Form FIA-40N

2017 Publication OR-FIA-NP, Instructions for Forms OR-FIA-40N, OR-FIA-40-P, and Schedule OR-FIA-COMP, 150-101-162

2016 Form FIA-40N

2015 Form FIA-40N and Form FIA-40P, Oregon Farm Income Averaging, and Schedule Z, Computation of Tax, 150-101-161

2015 Form FIA-40N

2015 Form FIA-40N and Form FIA-40P, Oregon Farm Income Averaging, and Schedule Z, Computation of Tax, 150-101-161

You can elect to use farm income averaging if, in the year of the election, you are engaged in a farming business as an individual, a partner in a partnership, or a shareholder in an S corporation. A

2014 Form FIA-40N

Form FIA-40N and Form FIA-40P, Oregon Farm Income Averaging, and Schedule Z, Computation of Tax, 150-101-161

2012 Form FIA-40N

Form FIA-40N and Form FIA-40P, Oregon Farm Income Averaging, and Schedule Z, Computation of Tax, 150-101-161

2011 Form FIA-40N

2011 Form FIA-40N and Form FIA-40P, Oregon Farm Income Averaging, and Schedule Z, Computation of Tax, 150-101-161

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