Extract Data From Legal Oregon Startup For S-Corporation Forms For Free

Note: An EIN Number is not the same thing as an Oregon State Tax ID Number. An EIN is issued by the IRS. And an Oregon Tax ID Number is issued by the Oregon Department of Revenue.

An Employer Identification Number (EIN), also known as a federal Tax Identification Number, is used by the IRS to identify a business entity. Apply for an EIN online and get your number immediately upon completing the application. Use this form to register for Oregon payroll tax and withholding.

An S corporation carrying on or doing business in Oregon must also pay $150 minimum excise tax. The minimum tax does not flow through to the shareholders. The income or loss of an S corporation is reported to each shareholder on federal form Schedule K-1.

To form an Oregon S corp, you'll need to ensure your company has an Oregon formal business structure (LLC or corporation), and then you can elect S corp tax designation. If you've already formed an LLC or corporation, file Form 2553 with the Internal Revenue Service (IRS) to designate S corp taxation status.

Don't confuse this with your employer identification number (EIN), which is a 9-digit number assigned by the IRS. Your BIN ID is not the same thing as your Business Registry Number. Oregon issues a registry number at the time you register your business with the Secretary of State's Corporation Division.

Oregon State Tax Forms If you filed a paper form last year, you will receive a paper form in the mail this year. If you need a booklet, call Oregon Department of Revenue at 503.378. 4988 or 1.800. 356.4222 or e-mail questions.dor@state.or.us.