Screen ORPen - Oregon Penalties and Interest (1040)

Show all hidden content

General Information

Underpayment and late interest and penalties automatically calculate when a date after the original due date is entered. Each type of interest or penalty may be suppressed individually.

Underpayment of Estimated Tax

Use this section to enter information for the calculation of Form 10, Exceptions to penalties.
2024
tax liability
Enter the amount of the taxpayer's prior year Oregon tax liability. Enter
0
(zero) if the prior year liability was zero, or if the taxpayer was a resident and was not required to file an Oregon return in the prior year. A blank field does
not
default to
0
(zero).
Date payments created an overpayment
Enter the date that the payment was made that created an overpayment of tax in the prior year return. This date is used to include any overpayment applied into the Form 10 underpayment calculation as a payment in the quarter indicated. When blank, the overpayment applied is included as a first quarter payment.

Annualized Income Installment Method

Enter information in this section to use the annualized income method in the calculation of Form 10. Use these fields to enter the various information needed in the calculation of the Oregon Annualized Income Worksheet.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close