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This version of the form is not currently in use and is provided for reference only. Download this version of
Form 150-101-063 Schedule OR-ASC
for the current year.
Form 150-101-063 Schedule OR-ASC Oregon Adjustments for Form or-40 Filers - Oregon
What Is Form 150-101-063 Schedule OR-ASC?
This is a legal form that was released by the Oregon Department of Revenue - a government authority operating within Oregon. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form 150-101-063?
A: Form 150-101-063 is a schedule used by Oregon taxpayers who file Form OR-40 to report any adjustments to their income.
Q: What is OR-ASC?
A: OR-ASC stands for Oregon Adjustments for Form OR-40 Filers, which is the name of the schedule.
Q: Who needs to use Schedule OR-ASC?
A: Oregon taxpayers who file Form OR-40 and have adjustments to their income need to use Schedule OR-ASC.
Q: What are Oregon adjustments?
A: Oregon adjustments are modifications made to the taxpayer's federal adjusted gross income to calculate their Oregon taxable income.
Q: When is Schedule OR-ASC due?
A: Schedule OR-ASC is due at the same time as your Form OR-40, typically on or before April 15th of the following year.
Q: What if I don't have any adjustments to report?
A: If you don't have any adjustments to report, you do not need to fill out Schedule OR-ASC.
Q: Can I e-file Schedule OR-ASC?
A: Yes, you can e-file Schedule OR-ASC if you are filing your Form OR-40 electronically.
Q: Is there a separate form for Oregon adjustments?
A: No, Schedule OR-ASC is the only form used to report Oregon adjustments for Form OR-40 filers.
Q: Are Oregon adjustments the same as federal deductions?
A: No, Oregon adjustments are specific to calculating Oregon taxable income and may differ from federal deductions.
Form Details:
- Released on October 31, 2019;
- The latest edition provided by the Oregon Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 150-101-063 Schedule OR-ASC by clicking the link below or browse more documents and templates provided by the Oregon Department of Revenue.
