Blank 65 Oregon Form

The 65 Oregon form is a crucial document for partnerships operating within the state, serving as the Oregon Partnership Return of Income. This form must be completed accurately to ensure compliance with state tax regulations. It applies to partnerships that either derive income from Oregon sources or have one or more partners who are Oregon residents. The form requires basic information about the partnership, including its name, mailing address, and federal employer identification number. Additionally, it prompts filers to indicate whether the return is initial, final, or if there have been any changes such as a name or address modification. A significant aspect of the form is the requirement to assess whether the partnership conducted business in Oregon during the tax year. If so, a minimum tax of $150 is applicable. The form also addresses the distribution of income and modifications among partners, ensuring that any changes in profit/loss sharing percentages are documented. Furthermore, partnerships with business activities both inside and outside of Oregon must calculate their Oregon source income using specific apportionment percentages. Tax credits available to partners, as well as obligations to other taxing authorities, are also highlighted. This comprehensive approach ensures that partnerships meet their tax obligations while maximizing potential credits and deductions.