Letter was received from Oregon that we did not pay the minimum excise tax due on a Sub-S. Letter states that all S Corps doing business in the state must pay the minimum $150.00 excise tax. The return in Proconnect shows no tax due.
I filed a partial year return for a Sub S Corporation showing 10.83% allocation. They made it clear that the Sub-S owed a minimum excise fee of $150.00.
I verified that I did indeed say we did business in Oregon and the return clearly shows the allocation. As a 1120S I did not think to challenge the program's calculation of any tax due. The letter from Oregon states that there is a calculation error on the return and that the minimum Excise tax is due. If a minimum is due on a Sub S in Oregon, it seems it should have popped.
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