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Or Tm 2023-2025 Form
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Video instructions and help with filling out and completing Form OR TM, Tri County Metropolitan Transportation District Self Employment Tax, 150 555 001
Instructions and help about Form OR TM, Tri County Metropolitan Transportation District Self Employment Tax, 150 555 001
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People also ask
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How do I file my Oregon TriMet tax?
You can file you TriMet tax return using Revenue Online at Oregon.gov or you can mail in your OR-TM form to the Oregon Department of Revenue. If you pay someone to file your federal and state taxes, they can also file your TriMet tax return electronically.
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Who has to pay TriMet tax in Oregon?
Nearly every employer who pays wages for services performed in this district must pay transit payroll tax. The transit tax is imposed directly on the employer. The tax is figured only on the amount of gross payroll for services performed within the TriMet Transit District.
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What is the Oregon Form TM?
If you need to amend your tax return, use the Form OR-TM for the specific tax year. You must file an amended return to claim a refund of tax paid. To file an amended return, use the appropriate form for the year of the original return and check the “amended return” box.
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Who is subject to Oregon excise tax?
If a corporation is doing business in Oregon, they generally must file an excise tax return for the privilege of doing business in Oregon. Excise tax is measured by net income. Excise tax filers are subject to corporation minimum tax.
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Who is subject to the Portland Metro tax?
The SHS personal tax is owed by individuals with Metro taxable income above $125,000 if filing single or $200,000 if filing joint who live in Metro (including for only a portion of the year), work in Metro, or have income from Metro sources even if not a resident of Metro.
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What is TriMet self-employment tax?
What is the TriMet self-employment tax? The TriMet tax helps fund mass transportation in the TriMet District. This tax is applied to self-employment earnings of individuals doing business or providing services in the dis- trict. This includes portions of Multnomah, Clackamas, and Washington counties.
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Who is required to pay Oregon transit tax?
The Statewide Transit Tax is imposed on the wages of each employee, but the employer is responsible for withholding, reporting, and remitting the Statewide Transit Tax.
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Who has to pay the Portland Arts tax?
Individuals Liable for the Arts Tax. City of Portland residents 18 years or older who have $1,000 or more of annual income and are in a household above the federal poverty level are liable for the Arts Tax. If your household's annual income is at or below the federal poverty level, you may request an exemption.
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