Form OR-65.pdf

Partnerships must file Form OR-65 if they have income or loss from Oregon sources or have one or more Oregon resident partners. Exceptions include publicly traded partnerships and those not required to file a federal partnership return. A $150 minimum tax applies to partnerships doing business in Oregon. Returns and tax payments are due by March 15, 2023, for calendar year partnerships, with extensions available. The return must include a copy of federal Form 1065, Schedule OR-AP if applicable, and federal Schedules K-1 or a summary of partner information. Amended returns and penalty payments have specific requirements. Partnerships may be subject to interest, late payment penalties, and failure-to-file penalties. Guaranteed payments are treated as distributive shares of partnership income, and individual partners must report their share of net income and separately stated items on their individual income tax returns. Oregon follows federal filing requirements for short tax years, and federal centralized partnership audits have specific reporting requirements.