As used in ORS 314.731 to 314.737: (1) Adjustment means a partnership adjustment, as defined in section 6241 of the Internal Revenue Code, whether that adjustment arises from action by the Internal Revenue Service or from the taxpayers filing of an amended federal return, a federal refund claim or similar report, including any report made under section 6225(c) of the Internal Revenue Code, or an administrative adjustment request. (2) Adjustments report means a report used by a taxpayer to state adjustments to any partnership-related items. (3) Administrative adjustment request means a request filed by a partnership under section 6227 of the Internal Revenue Code. (4) Audited partnership means a partnership subject to a partnership-level audit from which an adjustment arises. (5) Corporate partner means a partner that is subject to the tax imposed under ORS chapter 317 or 318. (6) Direct partner means a partner that holds an interest directly in a partnership or pass-through entity. (7) Federal partnership representative means the person that a partnership designates for the tax year as the partnerships representative, or the person the Internal Revenue Service has appointed to act as the federal partnership representative, pursuant to section 6223(a) of the Internal Revenue Code. (8) Indirect partner means a partner in a partnership or pass-through entity that holds an interest directly, or through another indirect partner, in a partnership or pass-through entity. (9) Nonresident partner means a partner that is not a resident partner and is an individual, a trust or an estate. (10) Partnership-level audit means an examination by the Internal Revenue Service at the partnership level pursuant to sections 6221 to 6241 of the Internal Revenue Code from which an adjustment arises. (11) Resident partner means a partner that is an individual who is a resident of this state as defined in ORS 316.027 for the tax year or is a resident trust or a resident estate as defined in ORS 316.282. (12) Reviewed year means the tax year of a partnership that is required to be or elects to be subject to a partnership-level audit from which adjustments arise. (13) Taxpayer means: (a) A partner that is subject to the tax imposed under ORS chapter 316, 317 or 318; (b) A partnership that is subject to a partnership-level audit or that has made an administrative adjustment request; or (c) A tiered partner of a partnership. (14) Tiered partner means a partner that is a partnership or pass-through entity.
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