OR Dept of Revenue: Filing extension deadline approaching

The Oregon Department of Revenue wants to provide important information to taxpayers and tax professionals who still have personal income tax returns to file before the October 15 extension deadline.

Be prepared. Use Revenue Online.

• Tax professionals are urged plan ahead and make sure that clients (and themselves) have access to Revenue Online. Taking care of any password resets ahead of the deadline will make for a smoother filing and payment experience.
• Use Revenue Online to verify your clients’ estimated payment balances before you file.

Don’t wait until the last minute.

• Revenue officials expect a large number of returns on the due date. Filing even a week earlier can make a big difference in how long it takes to process a return.
• Phone lines are expected to be busy on both Monday, October 14, and Tuesday, October 15. Seeking assistance earlier can ease the anxiety and stress of filing in the final hours.

Electronic filing and payment are best.

• E-filed returns and payments take less time to process. On average, taxpayers who e-file their returns and request their refund via direct deposit receive their refund sooner than those who file paper returns and request paper refund checks.

Pass-Through Entity Elective (PTE-E) Tax

• PTE-E returns must be filed electronically by October 15 in order to allocate credits to partners and shareholders.

Oregon recognizes federal income tax filing extensions, but the department reminds taxpayers and professionals alike that an extension to file is not an extension to pay. Anyone who has not filed and has tax to pay should file and pay as soon as possible to avoid additional penalties and interest.

Even for taxpayers who are due a refund, it’s still a good idea to file a late return as soon as possible. Filing can also help taxpayers recoup any money due back from refundable tax credits like the Oregon Kids Credit and other credits for low- to moderate-income families.

Tax practitioners with other tax or customer account questions are encouraged to contact a dedicated practitioner specialist by email at [email protected], or by phone at 503-947-3541.