The Oregon 40P form is an amended return for individual income tax specifically designed for part-year residents of Oregon. This form allows taxpayers to report their income and calculate their tax liability for the portion of the year they lived in the state. Understanding how to accurately complete the 40P form is essential for ensuring compliance with Oregon tax laws.
The Oregon 40P form serves as an essential document for individuals who have lived in Oregon for part of the tax year. It is specifically designed for part-year residents, allowing them to accurately report their income and determine their tax liability based on the time they spent in the state. The form collects various personal details, including names, Social Security numbers, and addresses, which help establish the taxpayer's identity and residency status. It also includes sections for reporting different types of income, such as wages, interest, dividends, and business income. In addition to income reporting, the form allows taxpayers to claim adjustments, deductions, and credits that may apply to their situation. This includes provisions for itemized deductions versus standard deductions, as well as specific credits that can reduce overall tax liability. By completing the Oregon 40P, individuals ensure compliance with state tax laws while accurately reflecting their financial circumstances during the period they resided in Oregon.
Form
OREGON
Amended Return
Individual Income Tax Return 2012
40P
For office use only
FOR PART-YEAR RESIDENTS
Oregon resident:
mm
dd
yyyy
Fiscal year ending
F
P
J
From
To
K
Last name
First name and initial
Social Security No. (SSN)
Date of birth (mm/dd/yyyy)
Deceased
–
Spouse’s/RDP’s last name if joint return
Spouse’s/RDP’s irst name and initial if joint return Spouse’s/RDP’s SSN if joint return
Current mailing address
Telephone number
(
)
City
State
ZIP code
Country
If you filed a return last year, and your
name or address is different, check here
•Filing
1
Single
Exemptions
•
Status 2a
Married iling jointly
Total
Check
2b
Registered domestic partners (RDP) iling jointly
6a Yourself
Regular
...... Severely disabled
....6a
only
3a
Married iling separately:
one
Spouse’s name _____________________________ Spouse’s SSN___________________
6b Spouse/RDP ...
......b
box
3b
Registered domestic partner iling separately:
6c All dependents First names __________________________________• c
Partner’s name _____________________________ Partner’s SSN ___________________
6d Disabled
First names __________________________________• d
4
Head of household: Person who qualiies you ________________________________
children only
Total •6e
5
Qualifying widow(er) with dependent child
(see instructions)
7a
7b
• You
7c • You have
7d
You filed
Check all that apply ➛
You were:
65 or older
Blind
filed an
federal
Oregon
Spouse/RDP was:
extension
Form 8886
Form 24
Federal column (F)
Oregon column (S)
INCOME
8
Wages, salaries, and other pay for work. Include all Forms W-2
8F
.00
• 8S
9
Taxable interest income from federal Form 1040, line 8a
9F
• 9S
10
Dividend income from federal Form 1040, line 9a
10F
•10S
11
State and local income tax refunds from federal Form 1040, line 10
11F
•11S
12
Alimony received from federal Form 1040, line 11
12F
•12S
Include
13
Business income or loss from federal Form 1040, line 12
13F
•13S
proof of
14
Capital gain or loss from federal Form 1040, line 13
14F
•14S
withholding
15
Other gains or losses from federal Form 1040, line 14
15F
•15S
(W-2s,
1099s),
16
IRA distributions from federal Form 1040, line 15b
16F
•16S
payment,
17
Pensions and annuities from federal Form 1040, line 16b
17F
•17S
and payment
18
Rents, royalties, partnerships, etc., from federal Form 1040, line 17
18F
•18S
voucher
19
Farm income or loss from federal Form 1040, line 18
19F
•19S
20
Unemployment and other income from federal Form 1040, lines 19 through 21 ...
20F
•20S
21
Total income. Add lines 8 through 20
• 21F
•21S
ADJUSTMENTS
22
IRA or SEP and SIMPLE contributions, federal Form 1040, lines 28 and 32
22F
•22S
TO INCOME
23
Education deductions from federal Form 1040, lines 23, 33, and 34
23F
•23S
24
Moving expenses from federal Form 1040, line 26
24F
•24S
25
Deduction for self-employment tax from federal Form 1040, line 27
25F
•25S
26
Self-employed health insurance deduction from federal Form 1040, line 29
26F
•26S
27
Alimony paid from federal Form 1040, line 31a
27F
•27S
28
Other adjustments to income. Identify:
•28x
•28y
$
Schedule28z
• 28F
•28S
29
Total adjustments to income. Add lines 22 through 28
• 29F
•29S
30
Income after adjustments. Line 21 minus line 29
• 30F
•30S
ADDITIONS
31
Interest on state and local government bonds outside of Oregon
• 31F
•31S
32
Federal election on interest and dividends of a minor child
• 32F
•32S
33
Other additions. Identify: •33x
•33y
Schedule included 33z
• 33F
•33S
34
Total additions. Add lines 31 through 33
• 34F
•34S
35
Income after additions. Add lines 30 and 34
• 35F
•35S
SUBTRACTIONS
36
Social Security and tier 1 Railroad Retirement Board benefits included on line 20F ..
• 36F
37
Other subtractions. Identify: •37x
•37y
Schedule included
37z
• 37F
•37S
• 38F
•38S
38
Income after subtractions. Line 35 minus lines 36 and 37
.................................
39
Oregon percentage. Line 38S ÷ line 38F (not more than 100.0%) •39
__ __ __.__ %
➤ Carry this ➤
amount to line 40
150-101-055 (Rev. 12-12)
NOW GO TO THE BACK OF THE FORM ➛
Page 2 — 2012 Form 40P
40
Amount from front of form, line 38F (federal amount)
DEDUCTIONS
41
Itemized deductions from federal Schedule A, line 29
.........................................
• 41
AND
.................................................
• 42
42
State income tax claimed as itemized deduction
MODIFICATIONS
EITHER,
......................................
• 43
43
Net Oregon itemized deductions. Line 41 minus line 42
NOT BOTH
........................................................................
• 44
44
Standard deduction from page 25
....
• 45
45
2012 federal tax liability ($0–$6,100; see instructions for the correct amount)
46
Other deductions and modifications. Identify: •46x
•46y
Schedule 46z
• 46
47
Add lines 43, 45, and 46 if itemizing. Otherwise, add lines 44, 45, and 46
• 47
48
Taxable income. Line 40 minus line 47
• 48
49
Tax from tax charts. 49a
See instructions, page 27
• 49
TAX
50
Oregon income tax. Line 49 X Oregon percentage from line 39, or
• 50
Check if tax is from: • 50a
Form FIA-40P or • 50b
Worksheet FCG
• 51
51
Interest on certain installment sales
• 52
52
Total tax before credits. Add lines 50 and 51
OREGON TAX➛
NONREFUNDABLE 53
Exemption credit. See instructions, page 28
• 53
CREDITS
................................
• 54
54
Child and dependent care credit. See instructions, page
ADD TOGETHER
INCLUDE PROOF}55
Credit for income taxes paid to another state. State: •55y
Schedule 55z
• 55
Other credits. Identify: • 56x
•56y
• 56
56
Schedule included 56z
..................................................................................
• 57
57
Total non-refundable credits. Add lines 53 through 56
58
Net income tax. Line 52 minus line 57. If line 57 is more than line 52, enter -0-
• 58
PAYMENTS AND 59
Oregon income tax withheld from income. Include Forms W-2 and 1099
• 59
REFUNDABLE
......
• 60
60
Estimated tax payments for 2012 and payments made with your extension
•60a Wolf depredation •60b Claim of right
..................
• 61
61
Tax payments from pass-through entity and real estate transactions
• 62
Include Schedule
62
Earned income credit. See instructions, page 34
WFC-N/P if you
63
Working family child care credit from WFC-N/P, line 21
• 63
claim this credit
....................................
• 64
64
Mobile home park closure credit. Include Schedule MPC
..................................................................
• 65
65
Total payments and refundable credits. Add lines 59 through 64
66
Overpayment. Is line 58 less than line 65? If so, line 65 minus line 58
OVERPAYMENT➛• 66
67
Tax to pay. Is line 58 more than line 65? If so, line 58 minus line 65
TAX TO PAY➛
• 67
68
Penalty and interest for filing or paying late. See instructions, page 34
69
Interest on underpayment of estimated tax. Include Form 10 and check box ...• 69
Exception # from Form 10, line 1 •69a
Check box if you annualized •69b
70
Total penalty and interest due. Add lines 68 and 69
................................................................
AMOUNT YOU OWE➛ • 71
71
Amount you owe. Line 67 plus line 70
72
Refund. Is line 66 more than line 70? If so, line 66 minus line 70
............................................
REFUND➛
• 72
73
Estimated tax. Fill in the part of
line 72 you want applied to 2013 estimated tax
• 73
CHARITABLE
Prevent Child Abuse •74
Alzheimer’s Disease Research • 75
CHECKOFF
Stop Dom. & Sexual Violence •76
Habitat for Humanity • 77
DONATIONS,
These will
PAGE 35
OR Head Start Association •78
OR Military Financial Assist. • 79
reduce
I want to donate
Oregon Historical Society •80
Oregon Food Bank • 81
your refund
part of my tax
Albertina Kerr Kid’s Crisis Care •82
American Red Cross • 83
refund to the
following fund(s)
Charity code •84a
•84b
Charity code
•85a
•85b
86
Total Oregon 529 College Savings Plan deposits. See instructions, page 35
• 86
• 87
87
Total. Add lines 73 through 86. Total can’t be more than your refund on line 72
NET REFUND➛ • 88
88
NET REFUND. Line 72 minus line 87. This is your net refund
DIRECT
89
For direct deposit of your refund, see instructions, page 35.
• Type of account:
Checking or
Savings
DEPOSIT
• Routing No.
• Account No.
Will this refund go to an account outside the
United States? •
Yes
Important: Include a copy of your federal Form 1040, 1040A, 1040EZ, or 1040NR.
Under penalty for false swearing, I declare that the information in this return is true, correct, and complete.
Your signature
Date
Signature of preparer other than taxpayer
• License No.
X
Address
Telephone No.
Spouse’s/RDP's signature (if iling jointly, BOTH must sign)
Oregon Bin Application - Business transitions such as sales, closures, or changes in operational scope in Oregon are easily reported with this adaptable form.
Oregon Benefits - The SNAP Change Report Form empowers beneficiaries to take control of their assistance needs.
Oregon Quarterly Mileage Tax Report - Addresses how to properly document miles operated on Oregon public roads for tax purposes.
Blank Oregon 40P Form
Fill out Oregon 40P online and avoid paperwork.