WebWashington imposes high penalty rates for late filing or payment — as high as 29% (and 39% in periods prior to 2015). Further, Washington invests significant time identifying non-filers and will traditionally look back at least seven years when a …

Oregon: Guidance Issued on Fiscal Year CAT Filings - KPMG

WebAdditionally, a taxpayer filing the short year return must prorate the $750,000 commercial activity threshold, the $1 million taxability threshold, and the subtraction amount based on the number of days in the short year period. This … WebJan 20, 2024 · The Corporate Activity Tax, or CAT, is a modified gross receipts tax imposed for the privilege of doing business in the state. A person is doing business, or has substantial nexus if any of the following applies: ... Meets any of the bright-line thresholds of: $750,000 in Oregon sourced commercial activity, $50,000 in Oregon payroll, j gopalakrishnan

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WebSep 22, 2024 · However, taxpayers (including unitary groups) exceeding $750,000 of Oregon “commercial activity” are required to register for the CAT within 30 days of meeting the threshold. The reporting frequency will be quarterly. A penalty of $100 per month may be assessed for failing to register, up to $1,000 per calendar year. WebThe commercial activity tax (CAT) is an annual tax imposed on the privilege of doing business in Ohio, measured by gross receipts from business activities in Ohio. Businesses with Ohio taxable gross receipts of more than $150,000 per calendar year must register … WebDon’t include the designated CAT entity filing this tax return on this schedule. Make a copy of this form if you have more than two affiliates. 1h. If new affiliate during this year, enter date affiliate ... 2024 Schedule OR-AF-CAT Page 2 of 2 2c. Business name 2l. Tax entity … j goodison