Oregon 2010: Certain customers' tax returns impacted by late legislation

Oregon recently enacted legislation for 2010 Oregon returns which brings Oregon into alignment with Federal legislation enacted in December, 2010.

Certain customers who filed prior to March 25, 2011 may have "added back" federal deductions on their Oregon income tax return. The deductions are now allowed on the Oregon return.

TurboTax fixed this issue.

You are impacted if:

1. You filed your Oregon return prior to March 25, 2011; AND
2. Your Oregon return included any of the following federal amounts that were listed on Oregon Forms 40, 40P, or 40N as Other Additions:
   • Tax-Free distributions from IRA accounts (code 131)
   • Qualified Small Business Stock (code 131)
   • Tuition and Fees (code 132)
   • Educator Expenses (code 132)
   • Adult Children Health Insurance (code 133)
   • Tuition (code 308)
   • Self Employment tax deduction for health insurance (code 346)

If you meet the above criteria, you may have to amend your 2010 Oregon income tax return.

Let us do the work for you. We highly recommend this.

1. Please download and print this Authorization Form.
2. Complete the form and fax it to us at the number printed at the top of the form.
3. A TurboTax representative will contact you (within 6 days) when your corrected return is ready to be securely emailed back to you.
4. You can print, sign and mail the corrected return to the Oregon Department of Revenue.

Or you can make the corrections yourself. However, the amend process can be complex.

• To do it yourself, click here and print out the step-by-step instructions.
• After you make the changes to your tax return, you will need to mail a copy to the Oregon Department of Revenue.
• If you need assistance, call us at the phone number in the email and tell the representative you're calling about Oregon: Conforming to Federal Late Legislation.