Instructions for Form OR-TM, 150-555-001 Tri-County Metropolitan Transportation District Self-employment Tax - Oregon

Form OR-TM (150-555-001) Tri-County Metropolitan Transportation District Self-employment Tax - Oregon

This document contains official instructions for Form OR-TM , and Form 150-555-001 . Both forms are released and collected by the Oregon Department of Revenue. An up-to-date fillable Form OR-TM (150-555-001) is available for download through this link.

FAQ

Q: What is Form OR-TM?
A: Form OR-TM is the form used for reporting self-employment tax for individuals residing in Oregon.

Q: Who needs to file Form OR-TM?
A: Individuals who are self-employed and reside in Oregon need to file Form OR-TM.

Q: What is the purpose of Form OR-TM?
A: The purpose of Form OR-TM is to report and pay self-employment tax to the Tri-County Metropolitan Transportation District in Oregon.

Q: When is the deadline for filing Form OR-TM?
A: The deadline for filing Form OR-TM is April 15th of each year.

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

Q: What information do I need to complete Form OR-TM?
A: You will need your self-employment income information and any deductions or credits related to self-employment tax.

Q: Is there any assistance available for filling out Form OR-TM?
A: Yes, the Oregon Department of Revenue provides assistance and guidance for filling out Form OR-TM. You can contact their office for any questions or concerns.