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Instructions for Form 150-101-166 Schedule OR-FIA-40-P
for the current year.
Instructions for Form 150-101-166 Schedule OR-FIA-40-P Oregon Farm Income Averaging for Part-Year Residents - Oregon
This document contains official instructions for Form 150-101-166 Schedule OR-FIA-40-P, Oregon Farm Income Averaging for Part-Year Residents - a form released and collected by the Oregon Department of Revenue. An up-to-date fillable Form 150-101-166 Schedule OR-FIA-40-P is available for download through this link.
FAQ
Q: What is Form 150-101-166?
A: Form 150-101-166 is a tax form used by part-year residents of Oregon to calculate their farm income averaging.
Q: Who is required to file Form 150-101-166?
A: Part-year residents of Oregon who have farm income may be required to file Form 150-101-166.
Q: What is farm income averaging?
A: Farm income averaging allows farmers to average their income over several years, which may result in a lower overall tax liability.
Q: How do I fill out Form 150-101-166?
A: You must provide information about your farm income, expenses, and deductions for the tax year in question.
Q: When is the deadline to file Form 150-101-166?
A: The deadline to file Form 150-101-166 is generally the same as the deadline to file your Oregon state tax return, which is usually April 15th.
Instruction Details:
- This 1-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
- Complete, printable, and free.
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