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<p class="MsoNormal">Payroll Professionals,<o:p></o:p></p>
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<p class="MsoNormal">As a reminder, the Backup Withholding Rate has changed from 28% to 24% effective immediately. For deceased employee payouts you are required to withhold Federal Income Tax in the amount of 24% of gross wages if the payee fails to provide
a TIN or SSN. For more information on this and other tax changes, please read at Notice 1036.
<a href="https://www.irs.gov/pub/irs-pdf/n1036.pdf">https://www.irs.gov/pub/irs-pdf/n1036.pdf</a>
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<p class="MsoNormal">Additionally, if you have further questions regarding deceased payouts, please see the OSPS reference manual section on
<i>Deceased Employees Recommended Practice</i>. <a href="http://www.oregon.gov/das/Financial/Payroll/Documents/practicedeceasedee.pdf">
http://www.oregon.gov/das/Financial/Payroll/Documents/practicedeceasedee.pdf</a><o:p></o:p></p>
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<p class="MsoNormal">Thank you,<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua",serif">Matthew Riley, CPA<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Book Antiqua",serif;color:#A6A6A6">OSPS Application Analyst<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Book Antiqua",serif;color:#A6A6A6">DAS | Oregon Statewide Payroll Services<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua",serif">(503) 373-0254 – direct<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua",serif">(503) 378-3518 – fax<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:7.0pt;font-family:"Times New Roman",serif;color:#BFBFBF"><a href="http://oregon.gov/DAS/Financial/payroll/Pages/index.aspx"><span style="font-size:11.0pt;color:#BFBFBF;text-decoration:none">http://oregon.gov/DAS/Financial/payroll/Pages/index.aspx</span></a></span><span style="font-family:"Times New Roman",serif;color:#BFBFBF"><o:p></o:p></span></p>
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