[Revenews] Partnerships filing on extension

[BALL Shannon]

Partnerships filing on extension:
The Department of Revenue has received several late Oregon Form 65 returns without the extension box checked and the extension due date entered. When these returns are more than 3 months past the due date, a late filing penalty is incurred on tax that was not paid timely. In reviewing some of the returns after processing, we have found that some have a copy of the federal extension form included. This is not the correct way to file. The extension box needs to be checked with the extended due date entered beside it to show that the entity is filing on extension. Paying timely also avoids penalty and interest. Remember that an extension to file is not an extension to pay.
Tax Practitioners: When filing a partnership return on extension, please make sure the extension box is checked and the extended due date is entered on Oregon Form 65. If you do not, your client may receive a penalty for filing late and may need to show a valid federal extension to have the penalty removed.
Software developers: Your software should check the extension box on Oregon Form 65 and enter the extension due date when the entity has a valid federal extension or has submitted a timely extension for Oregon only. If your software doesn't do this, please correct it to reduce these filing errors.
For more information about partnership filing, see our partnership webpage<http://www.oregon.gov/dor/PERTAX/Pages/partnership.aspx>.




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