OR-OC-2: Schedule OR-OC-2, Oregon Composite Return Tax Calculation for C Corporation Owners (2024)
Oregon · Oregon DOR · Used for tax years 2024
Schedule OR-OC-2 is Oregon’s 2024 composite return tax calculation schedule for C corporation owners. It reports electing nonresident owners’ income shares, Oregon excise or income tax, estimated tax paid, and interest on underpayment of tax, and is included with Form OR-OC.
Who files this form
The 2024 Schedule OR-OC-2 is for a pass-through entity (PTE) to report Oregon composite return tax calculations for electing nonresident C corporation owners. Include this schedule with Form OR-OC.
What you'll need
Have the following information ready:
- The PTE’s name and federal employer identification number (FEIN).
- Each electing nonresident C corporation owner’s name, FEIN, tax type (E or I), and ownership percentage.
- Each owner’s share of federal income and Oregon-source distributive income.
- Each owner’s Oregon excise or income tax, share of estimated tax paid, and interest on underpayment of tax.
The schedule must accompany Form OR-OC.
How to file
Enter the PTE’s information and complete an owner entry for each electing nonresident C corporation. Total fields (a), (b), and (c) on line 6.
Each page has space for five C corporations. Use additional copies of the page for additional owners. If you use more than one page, enter the totals for all pages on line 6 of the first page.
Include the schedule with Form OR-OC. Submit the original form, not a photocopy.
Common mistakes
- Submitting a photocopy: The form says to submit the original form.
- Leaving out the schedule: Include Schedule OR-OC-2 with Form OR-OC.
- Not combining totals across pages: If you use multiple pages, total all pages on line 6 of the first page.
Questions people ask
How many C corporation owners fit on one page?
Each page has entries for five C corporations. Use additional copies of the page for additional owners.
Where do I put the totals if I use multiple pages?
Total all pages for fields (a), (b), and (c) on line 6 of the first page.
Which return does this schedule go with?
Include Schedule OR-OC-2 with Form OR-OC.
Can I submit a photocopy of the completed form?
No. The form says to submit the original form, not a photocopy.