Form OR-OC (150-101-155) Oregon Composite Return Instructions for Pass-Through Entities - Oregon

What Is Form OR-OC (150-101-155)?

This is a legal form that was released by the Oregon Department of Revenue - a government authority operating within Oregon. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form OR-OC?
A: Form OR-OC is the Oregon Composite Return for Pass-Through Entities.

Q: Which entities need to file Form OR-OC?
A: Pass-through entities, such as partnerships, limited liability companies (LLCs), and S corporations, need to file Form OR-OC.

Q: What is the purpose of Form OR-OC?
A: The purpose of Form OR-OC is to report the income, deductions, and credits for nonresident members of a pass-through entity who do not individually file an Oregon return.

Q: When is Form OR-OC due?
A: Form OR-OC is due on or before the 15th day of the third month following the close of the tax year.

Q: Are there any penalties for late filing of Form OR-OC?
A: Yes, there are penalties for late filing of Form OR-OC. It is important to file the form on time to avoid these penalties.