Blank 40X Oregon Form Open Editor Now

Blank 40X Oregon Form

The 40X Oregon form is an amended individual income tax return used by taxpayers in Oregon to correct or update their previously filed returns. This form allows individuals to change their filing status, report additional income or deductions, and adjust their tax liabilities. Timely submission of the 40X form is crucial, as amended returns may take six months or longer to process.

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The 40X Oregon form is an essential document for individuals looking to amend their state income tax returns. This form is specifically designed for taxpayers who need to make corrections or adjustments to their previously filed returns. It allows individuals to change their filing status, such as switching from married filing separately to married filing jointly. The form requires detailed personal information, including names, Social Security numbers, and dates of birth for both the taxpayer and their spouse if applicable. Additionally, it captures various income sources, deductions, and tax credits, ensuring that all financial aspects are accurately reported. Taxpayers must also provide an explanation of any adjustments made, which is crucial for the processing of the amended return. The 40X form includes sections for calculating total taxes owed, credits, and potential refunds. It is important to note that amended returns may take several months to process, and taxpayers should attach a copy of their federal Form 1040X if they have also amended their federal return. Proper completion of this form can lead to a more accurate tax liability and ensure compliance with state tax regulations.

Form Example

FORM

OREGON AMENDED

40X

INDIVIDUAL INCOME

 

TAX RETURN

Check if amending to change from

FOR TAX YEAR _________

married filing separate to filing joint.

 

For Office Use Only

Original return number

 

Date received

 

 

 

 

 

 

Code

Tax

P&I

 

Payment Amount

 

 

 

 

 

 

 

 

 

 

 

 

Last name

First name and initial

Social Security number (SSN)

Date of Birth

 

 

 

 

(mm/dd/yyyy)

 

 

 

 

 

 

 

Spouse’s last name, if different and joint return

Spouse’s first name and initial, if joint return

Spouse’s SSN if joint return

Spouse’s

 

 

 

 

Date of Birth

 

 

(mm/dd/yyyy)

 

 

 

 

 

Current mailing address

 

 

 

 

 

 

 

 

 

City

State

ZIP code

Telephone number

()

 

INCOME AND DEDUCTIONS

 

 

(Please read instructions)

 

1.

Income

1

2.

Additions (Form 40 only)

2

3.

Federal tax liability (Form 40S only)

3

4.

Subtractions (Form 40 only)

4

5.

Deductions (standard deduction or itemized deductions)

5

6.

Oregon taxable income

6

A.As Originally Reported or

as Adjusted

(see specific inst.)

B.Net Change (increase or

decrease)

(explain on the back)

C.

Correct

Amount

TAX AND CREDITS

7.

TAX

7

8.

Interest on certain installment sales

8

9.

TOTAL OREGON TAX (add lines 7 and 8)

9

10.

Exemption credit (see instructions)

10

11.

Other credits (do not include working family credit for tax year 2003 and later)

11

12.

Total credits (add lines 10 and 11) (the total can’t be more than amount on line 9)

12

13.

Net income tax (line 9 minus line 12)

13

PAYMENTS

14.

Kicker—if applicable (see instructions)

14

 

 

 

 

15.

Oregon income tax withheld

15

 

 

 

 

16.

..........................................Working family child care credit for tax year 2003 and later

16

 

 

 

 

17 .

Estimated tax payment(s) for the tax year and payments made with extension requests

17

 

18.

....Amount paid with original return and any later payment(s) for the tax year (include only TAX paid—see instructions)

18

 

19.

Total payments (add lines 14 through 18)

 

 

19

 

20.

......................................Income tax refunds received (including working family child care credit and kicker refund)

 

21.

Net payments (line 19 minus line 20)

 

 

21

 

REFUND OR BALANCE DUE

22.

Refund. If line 21 is more than line 13C, you overpaid. Line 21 minus line 13C

22

 

23.

Amount of refund on line 22 you want applied to your 200__ estimated tax

23

 

24.

NET REFUND. Line 22 minus line 23. Enter the amount of line 22 you want refunded to you

24

 

25.

.......................Additional tax to pay. If line 13C is more than line 21, you have tax to pay. Line 13C minus line 21

25

 

26.

Interest on additional tax to pay (see instructions)

26

 

27.

AMOUNT YOU OWE. Add lines 25 and 26. Pay in full with this return

27

 

 

 

 

 

 

 

 

 

Amended returns may take six months or longer to process.

150-101-046 (Rev. 12-04) WEB

Be sure to complete the back and sign

Page 2—Form 40X

28. Explanation of adjustments made — Show the computations in detail. Attach applicable schedules.

Under penalties for false swearing, I declare that I have examined this return, including accompanying schedules

I authorize the Department of

and statements. To the best of my knowledge and belief it is true, correct, and complete. If prepared by a person

Revenue to contact this preparer

other than the taxpayer, this declaration is based on all information of which the preparer has any knowledge.

about the processing of this return.

 

 

 

 

 

 

 

Your signature

Date

Signature of preparer other than taxpayer

License No.

SIGN

X

 

X

 

 

HERE

Spouse’s signature (if filing jointly, BOTH must sign)

Date

Address

 

Telephone No.

 

X

 

 

 

 

Important: Attach a copy of your federal Form 1040X if you also amended your federal return. See page 4 of the instructions for additional items you may need to attach.

Make check or money order payable to: Oregon Department of Revenue. Write your daytime

telephone number and the year you are amending on your payment. For example, “2002 Amended.”

Mail TAX-TO-PAY

Oregon Department of Revenue

PO Box 14555

returns to

 

4Salem OR 97309-0940

Mail REFUND returns and

REFUND

PO Box 14700

NO-TAX-DUE returns to

 

4Salem OR 97309-0930

150-101-046 (Rev. 12-04) WEB

Document Characteristics

Fact Name Description
Purpose The 40X Oregon form is used to amend an individual income tax return for residents of Oregon.
Governing Law This form is governed by Oregon Revised Statutes, specifically ORS 316.007 and ORS 316.013.
Filing Status Change Taxpayers can use this form to change their filing status from married filing separately to married filing jointly.
Income Reporting Taxpayers must report their total income and any necessary deductions on this form.
Refund Process If the amended return results in an overpayment, taxpayers can expect a refund, which may take six months or longer to process.
Signature Requirement Both spouses must sign the form if filing jointly; otherwise, only the primary taxpayer's signature is required.
Attachments Taxpayers must attach a copy of their federal Form 1040X if they also amended their federal return.
Payment Instructions Payments should be made payable to the Oregon Department of Revenue, with specific instructions for tax year notation.
Mailing Addresses Different mailing addresses are provided for tax returns with refunds, no tax due, and payments owed.
Penalties for False Information Taxpayers must declare under penalties for false swearing that their information is true and complete.
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