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<DIV>More opportunities</DIV>
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<DIV><FONT face="Footlight MT Light" color=#6147c5 size=4><STRONG><FONT face="Brush Script MT" size=6>Karen Park<BR></FONT>State Social Security Coordinator<BR>Oregon PERS<BR>503 603-7633<BR>karen.park@state.or.us<BR><IMG alt="" hspace=0 src="cid:XAQHWSMCBZLT.IMAGE_79.GIF" align=baseline border=0><BR>SL2</STRONG></FONT></DIV>
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<DIV><FONT face="Footlight MT Light" color=#6147c5>Please note: I will be out of the office starting the afternoon of Thursday, Dec 17, 2008 returning Monday, Jan 5, 2009. </FONT></DIV>
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<DIV><FONT face="Footlight MT Light" color=#6147c5>Happy Holidays!</FONT></DIV><BR><BR>>>> On 12/11/2008 at 4:05 PM, in message <9687ABA174F26649B8F916101422A5BF03BE9E0D@FRS0010CP3MB02.ds.irsnet.gov>, "Marshall KayDel D" <KayDel.Marshall@irs.gov> wrote:<BR></DIV>
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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt">Dear Business Organization:<o:p></o:p></SPAN></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-layout-grid-align: none"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">We are pleased to provide you with the latest IRS News Releases and Headliners to distribute to your small business members. We hope that the information will be helpful and we encourage publication in your association<st1:PersonName w:st="on">'</st1:PersonName>s magazines, newsletters, email distributions and/or website.<SPAN style="mso-spacerun: yes"> </SPAN><o:p></o:p></SPAN></P>
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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt">Below are summaries and links to the most recent headliners and news releases your members might be interested in. The title and summary are designed to give you a brief overview of the article<st1:PersonName w:st="on">'</st1:PersonName>s content -- the link to the full article is at the end of each summary. I encourage you to use any or all of these in newsletters or emails to your members, or on your web site. <o:p></o:p></SPAN></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; COLOR: black; FONT-FAMILY: Arial">If someone else in your organization is a more appropriate contact point for these types of emails, please let me know. And if you do not want to receive future emails like this one, please reply and request your name be removed.<o:p></o:p></SPAN></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">Happy Holidays!<o:p></o:p></SPAN></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">Kay <st1:State w:st="on"><st1:place w:st="on">Del</st1:place></st1:State>,<o:p></o:p></SPAN></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" size=3> </FONT><B><SPAN style="FONT-SIZE: 18pt; COLOR: navy; FONT-FAMILY: 'Vladimir Script'; mso-bidi-font-family: Arial">Kay Del Marshall</SPAN></B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <BR></SPAN><B><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Lucida Sans Unicode'">Senior Stakeholder Liaison</SPAN></I></B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><BR></SPAN><B><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Lucida Sans Unicode'; mso-bidi-font-size: 12.0pt">Small Business & Self-Employed C/L/D</SPAN></I></B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><BR></SPAN><st1:Street w:st="on"><st1:address w:st="on"><B><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Lucida Sans Unicode'">1220 S.W. 3rd Avenue</SPAN></I></B></st1:address></st1:Street><B><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Lucida Sans Unicode'">, Mail Stop O-185</SPAN></I></B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <BR></SPAN><st1:place w:st="on"><st1:City w:st="on"><B><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Lucida Sans Unicode'">Portland</SPAN></I></B></st1:City><B><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Lucida Sans Unicode'">, <st1:State w:st="on">Oregon</st1:State> <st1:PostalCode w:st="on">97204</st1:PostalCode></SPAN></I></B></st1:place><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <BR></SPAN><B><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Lucida Bright'; mso-bidi-font-family: Arial">503-326-5240 Phone</SPAN></I></B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <BR></SPAN><B><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Lucida Bright'; mso-bidi-font-family: Arial">503-326-5957 Fax</SPAN></I></B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <BR></SPAN><B><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Lucida Bright'; mso-bidi-font-family: Arial">E-Mail: KayDel.Marshall@irs.gov</SPAN></I></B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <BR></SPAN><B><I><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Lucida Bright'; mso-bidi-font-family: Arial">ID #93-10646</SPAN></I></B></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN class=storyhead><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial">Event Updates:<o:p></o:p></SPAN></B></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT size=3><U><SPAN style="COLOR: #fc2003; FONT-FAMILY: Arial">Coffee & Issues at 4:00pm, </SPAN></U><B><SPAN style="COLOR: #fc1103; FONT-FAMILY: Arial">Thursday, December 11<SUP>th</SUP></SPAN></B><SPAN style="COLOR: #000fed"><FONT face="Times New Roman"> </FONT></SPAN></FONT><B><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">With the participation of:</SPAN></B><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Ted Wheeler</SPAN><SPAN style="COLOR: #000fed"><FONT face="Times New Roman" size=3>, </FONT></SPAN><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Multnomah County Chairman;</SPAN><SPAN style="COLOR: #000fed"><FONT face="Times New Roman" size=3> </FONT></SPAN><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">John Jackley,</SPAN><SPAN style="COLOR: #000fed"><FONT face="Times New Roman" size=3> </FONT></SPAN><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Director of Communications and Business Equity, Portland Development Commission</SPAN><SPAN style="COLOR: #000fed"><SPAN style="mso-spacerun: yes"><FONT face="Times New Roman" size=3> </FONT></SPAN></SPAN><B><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">Special recognition:</SPAN></B><SPAN style="COLOR: #000fed"><SPAN style="mso-spacerun: yes"><FONT face="Times New Roman" size=3> </FONT></SPAN></SPAN><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Mayor Tom Potter</SPAN><SPAN style="COLOR: #000fed"><FONT size=3><FONT face="Times New Roman"> <o:p></o:p></FONT></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Followed by</SPAN><FONT size=3><SPAN style="COLOR: #000fed"><FONT face="Times New Roman"> </FONT></SPAN><U><SPAN style="COLOR: #fc1103; FONT-FAMILY: Arial">Business After Hours at 5:00pm</SPAN></U><SPAN style="COLOR: #000fed"><FONT face="Times New Roman"> </FONT></SPAN></FONT><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Where you can enjoy music, food and a no host bar</SPAN><SPAN style="COLOR: black; FONT-FAMILY: Arial"><FONT size=3> </FONT></SPAN><SPAN style="FONT-SIZE: 10pt; COLOR: black"><FONT face="Times New Roman">*D</FONT></SPAN><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">on't forget to bring a guest, and donate some items for the raffle. All the proceeds will go to our Youth Program.</SPAN><SPAN style="COLOR: #000fed"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT size=3><B><SPAN style="COLOR: #fb1304; FONT-FAMILY: Arial">Friday, December 12<SUP>th</SUP></SPAN></B><SPAN style="COLOR: #000fed"><FONT face="Times New Roman"> </FONT></SPAN><U><SPAN style="COLOR: #fc1103; FONT-FAMILY: Arial">A&E / Contractors meeting 7:30am</SPAN></U><SPAN style="COLOR: #000fed"><FONT face="Times New Roman"> </FONT></SPAN></FONT><B><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">With presentations of:</SPAN></B><SPAN style="COLOR: #000fed"><SPAN style="mso-spacerun: yes"><FONT face="Times New Roman" size=3> </FONT></SPAN></SPAN><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">J E Dunn,</SPAN><SPAN style="COLOR: #000fed"><FONT face="Times New Roman" size=3> </FONT></SPAN><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Housing Authority Of Portland, </SPAN><SPAN style="COLOR: #000fed"><SPAN style="mso-spacerun: yes"><FONT face="Times New Roman" size=3> </FONT></SPAN></SPAN><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Walsh Construction,</SPAN><SPAN style="COLOR: #000fed"><FONT face="Times New Roman" size=3> </FONT></SPAN><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">CJ Jackson, Portland Community College</SPAN><SPAN style="COLOR: #000fed"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT size=3><FONT face="Times New Roman">All the events will be held at the OAME, Large Conference Room, <st1:address w:st="on"><st1:Street w:st="on">4134 N. Vancouver Ave.</st1:Street>, <st1:City w:st="on">Portland</st1:City> <st1:State w:st="on">Oregon</st1:State></st1:address>. For more information, please contact us at (503) 249-7744.<SPAN style="mso-spacerun: yes"> </SPAN><B style="mso-bidi-font-weight: normal">OAME is accepting Donations to the Oregon Food Bank</B><SPAN style="COLOR: #000fed"><o:p></o:p></SPAN></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt"><o:p> </o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt"><o:p> </o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">SSA/IRS Employment Tax Updates Webinar</SPAN></B><FONT size=3><FONT face="Times New Roman"><B style="mso-bidi-font-weight: normal"> You can register for the January 21 Webinar Event from 1:00 to 3:00 p.m. at </B>Registration Link: </FONT></FONT><A title=https://cc.readytalk.com/r/itvawwqc1jzt href="https://cc.readytalk.com/r/itvawwqc1jzt"><SPAN style="FONT-SIZE: 10pt"><FONT face="Times New Roman">https://cc.readytalk.com/r/itvawwqc1jzt</FONT></SPAN></A><FONT face="Times New Roman"><SPAN style="FONT-SIZE: 10pt"> </SPAN><B style="mso-bidi-font-weight: normal"><FONT size=3> <o:p></o:p></FONT></B></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"><SPAN style="FONT-SIZE: 11pt; COLOR: blue">OR </SPAN><FONT size=3>See and Hear Recording at:<SPAN style="mso-spacerun: yes"> </SPAN></FONT></FONT><A title=https://cc.readytalk.com/play?id=4n8huglk href="https://cc.readytalk.com/play?id=4n8huglk"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">https://cc.readytalk.com/play?id=4n8huglk</SPAN></B></A><FONT size=3><FONT face="Times New Roman"><SPAN style="mso-spacerun: yes"> </SPAN><B style="mso-bidi-font-weight: normal"><SPAN style="COLOR: black"><o:p></o:p></SPAN></B></FONT></FONT></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 14pt; COLOR: blue">Oregon Small Business Forum</SPAN><SPAN style="COLOR: blue"><FONT size=3>, </FONT></SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; COLOR: black"> </SPAN></B></FONT><B style="mso-bidi-font-weight: normal"><SPAN style="COLOR: black; FONT-FAMILY: Tahoma"><FONT size=3>January 22, 2009 from 8:00 to Noon at OAME, 4134 N. Vancouver, Portland, Oregon Focus Area Speakers on the topic of "Finding Capital During Tough Times."<o:p></o:p></FONT></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT size=3><B style="mso-bidi-font-weight: normal"><SPAN style="COLOR: blue; FONT-FAMILY: Tahoma"></SPAN></B></FONT> </P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT size=3><B style="mso-bidi-font-weight: normal"><SPAN style="COLOR: blue; FONT-FAMILY: Tahoma">OAME21st Annual Conference and Tradeshow</SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="COLOR: black; FONT-FAMILY: Tahoma"> on May 7th 2009, at the <st1:place w:st="on"><st1:PlaceName w:st="on">Oregon</st1:PlaceName> <st1:PlaceType w:st="on">Convention Center</st1:PlaceType></st1:place> and be a part of this wonderful experience. To know more of this event, please contact us at </SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Tahoma"><A title=BLOCKED::mailto:oame@oame.org href="blocked::mailto:oame@oame.org"><SPAN style="FONT-SIZE: 12pt; COLOR: #000022; FONT-FAMILY: Tahoma">oame@oame.org</SPAN></A></SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="COLOR: black; FONT-FAMILY: Tahoma">. <o:p></o:p></SPAN></B></FONT></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 14pt; COLOR: blue"><FONT face="Times New Roman">Oregon Small Business Fair, </FONT></SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="COLOR: black; FONT-FAMILY: Tahoma"><FONT size=3>September 19, 2009, Oregon Convention Center, Contact Linda Repp for Exhibitor Information at 503-329-4260 or e-mail her at </FONT><A href="mailto:Linda.E.Repp@state.or.us"><FONT size=3>Linda.E.Repp@state.or.us</FONT></A><FONT size=3>. </FONT></SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Tahoma"><o:p></o:p></SPAN></B></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN class=storyhead><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial">IRS Updates & News Releases:<SPAN style="mso-spacerun: yes"> </SPAN><o:p></o:p></SPAN></B></SPAN></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial">New on IRS.gov: Small business Video and Audio Presentations</SPAN></B><SPAN style="mso-bidi-font-weight: bold"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">A <A title=http://www.irs.gov/businesses/small/article/0,,id=97726,00.html href="http://www.irs.gov/businesses/small/article/0,,id=97726,00.html"><SPAN style="COLOR: windowtext; TEXT-DECORATION: none; text-underline: none">new page</SPAN></A> on IRS.gov features video and audio presentations on a variety of topics for small businesses and self-employed taxpayers. Visit it here: <SPAN style="mso-spacerun: yes"> </SPAN><A href="http://www.irs.gov/businesses/small/article/0,,id=97726,00.html">http://www.irs.gov/businesses/small/article/0,,id=97726,00.html</A><o:p></o:p></SPAN></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">An online <A title=http://www.irs.gov/businesses/small/article/0,,id=200424,00.html href="http://www.irs.gov/businesses/small/article/0,,id=200424,00.html"><SPAN style="COLOR: windowtext; TEXT-DECORATION: none; text-underline: none">audio podcast</SPAN></A> for first-time Schedule C filers includes basic tips to help new business owners avoid potential problems. Visit it here: <A href="http://www.irs.gov/businesses/small/article/0,,id=200424,00.html">http://www.irs.gov/businesses/small/article/0,,id=200424,00.html</A><o:p></o:p></SPAN></P>
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<H2 style="MARGIN: 0in 0in 0pt; mso-line-height-alt: 10.5pt"><SPAN style="FONT-SIZE: 11pt; COLOR: blue">Wage Compensation for S Corporation Officers</SPAN></H2>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN class=storyhead><SPAN style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial"><A href="http://www.irs.gov/newsroom/article/0,,id=200293,00.html">http://www.irs.gov/newsroom/article/0,,id=200293,00.html</A></SPAN></SPAN><SPAN class=storyhead><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p></o:p></SPAN></SPAN></P>
<P style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt">The Internal Revenue Code establishes that any officer of a corporation, including S corporations, is an employee of the corporation for federal employment tax purposes. S corporations should not attempt to avoid paying employment taxes by having their officers treat their compensation as cash distributions, payments of personal expenses, and/or loans rather than as wages.<SPAN style="mso-spacerun: yes"> </SPAN>This fact sheet clarifies information that small business taxpayers should understand regarding the tax law for corporate officers who perform services.</SPAN></P>
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<H2 style="MARGIN: 0in 0in 0pt; mso-line-height-alt: 10.5pt"><SPAN style="FONT-SIZE: 11pt; COLOR: blue">IRS Announces 2009 Standard Mileage Rates</SPAN><SPAN style="FONT-SIZE: 11pt"><o:p></o:p></SPAN></H2>
<P style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt"><A href="http://www.irs.gov/newsroom/article/0,,id=200505,00.html">http://www.irs.gov/newsroom/article/0,,id=200505,00.html</A><o:p></o:p></SPAN></P>
<P style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt">Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:<o:p></o:p></SPAN></P>
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<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; COLOR: black; LINE-HEIGHT: 10.5pt; mso-list: l2 level1 lfo1; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">55 cents per mile for business miles driven<o:p></o:p></SPAN>
<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; COLOR: black; LINE-HEIGHT: 10.5pt; mso-list: l2 level1 lfo1; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">24 cents per mile driven for medical or moving purposes<o:p></o:p></SPAN>
<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; COLOR: black; LINE-HEIGHT: 10.5pt; mso-list: l2 level1 lfo1; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">14 cents per mile driven in service of charitable organizations<o:p></o:p></SPAN></LI></UL>
<P style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt">The new rates for business, medical and moving purposes are slightly lower than rates for the second half of 2008 that were raised by a special adjustment mid-year in response to a spike in gasoline prices. The rate for charitable purposes is set by law and is unchanged from 2008.<SPAN style="mso-spacerun: yes"> </SPAN>The business mileage rate was 50.5 cents in the first half of 2008 and 58.5 cents in the second half. The medical and moving rate was 19 cents in the first half and 27 cents in the second half.</SPAN><SPAN class=articletitle><SPAN style="FONT-SIZE: 14pt"> <o:p></o:p></SPAN></SPAN></P>
<P style="MARGIN: 0in 0in 0pt"><SPAN class=articletitle><SPAN style="FONT-SIZE: 14pt"><o:p> </o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial">Job Loss Creates Tax Issues: IRS Publication 4128 Provides Helpful Information<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial"><A title=http://www.irs.gov/pub/irs-pdf/p4128.pdf href="http://www.irs.gov/pub/irs-pdf/p4128.pdf">http://www.irs.gov/pub/irs-pdf/p4128.pdf</A><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">The Internal Revenue Service recognizes that the loss of a job may create new tax issues. This IRS publication provides the information on severance pay, unemployment, getting a W-2 from an employer that’s out of business or in bankruptcy, what to do if you owe taxes and cannot pay them right away, and more.<o:p></o:p></SPAN></P>
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<P style="MARGIN: 0in 0in 0pt"><SPAN class=articletitle><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; COLOR: blue">Winter Issue of SSA/IRS Reporter Available</SPAN></B></SPAN><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; COLOR: blue"><o:p></o:p></SPAN></B></P>
<P style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt"><A href="http://www.irs.gov/pub/irs-utl/ssa_irs_reporter_winter_08_english.pdf">http://www.irs.gov/pub/irs-utl/ssa_irs_reporter_winter_08_english.pdf</A><o:p></o:p></SPAN></P>
<P style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt">The SSA/IRS Reporter provides small to medium-sized employers and the self-employed with information on electronic tax-filing and payment of employment taxes. The <EM><SPAN style="FONT-FAMILY: Arial">Reporter</SPAN></EM> also carries general information about best payroll and employment tax practices, and announcements about IRS and SSA products and services. Articles in the winter issue include: <o:p></o:p></SPAN></P>
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<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo2; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Social Security Announces Wage Base Increase for 2009 <o:p></o:p></SPAN>
<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo2; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Business Information Reporting and Backup Withholding Responsibilities <o:p></o:p></SPAN>
<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo2; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">2009 Changes in IRS Forms <o:p></o:p></SPAN>
<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo2; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Employer Responsibilities: Outsourcing Payroll <o:p></o:p></SPAN>
<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo2; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">SBA Disaster Loans <o:p></o:p></SPAN>
<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo2; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Reminders for Successful Year-End Processing <o:p></o:p></SPAN>
<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo2; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Many Employees Overlooking Valuable EITC Tax Credit <o:p></o:p></SPAN></LI></UL>
<P style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt">A quarterly newsletter, the <EM><SPAN style="FONT-FAMILY: Arial">Reporter</SPAN></EM> is a collaborative effort among the Social Security Administration, IRS, and other federal government agencies. It is enclosed with quarterly Forms 941 mailed to approximately 2,000,000 employers. Past issues, in English and Spanish, are also available <A href="http://www.irs.gov/businesses/small/article/0,,id=109886,00.html">online</A> at</SPAN><SPAN class=articletitle><SPAN style="FONT-SIZE: 14pt"> </SPAN></SPAN><SPAN style="FONT-SIZE: 10pt"><A href="http://www.irs.gov/businesses/small/article/0,,id=109886,00.html">http://www.irs.gov/businesses/small/article/0,,id=109886,00.html</A><o:p></o:p></SPAN></P>
<H2 style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><o:p><FONT color=#001e5a size=3> </FONT></o:p></H2>
<H2 style="MARGIN: 0in 0in 0pt; mso-line-height-alt: 10.5pt"><SPAN style="FONT-SIZE: 11pt; COLOR: blue">IRS Offers Tips for Year-End Donations<o:p></o:p></SPAN></H2>
<P style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt"><A href="http://www.irs.gov/newsroom/article/0,,id=201076,00.html">http://www.irs.gov/newsroom/article/0,,id=201076,00.html</A><o:p></o:p></SPAN></P>
<P style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt">Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years.<o:p></o:p></SPAN></P>
<P style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt">One provision offers older owners of individual retirement arrangements (IRAs) a different way to give to charity. There are also rules designed to provide both taxpayers and the government greater certainty in determining what may be deducted as a charitable contribution. Some of these changes include the following.<o:p></o:p></SPAN></P>
<H2 style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><SPAN style="FONT-SIZE: 10pt"><o:p><FONT color=#001e5a> </FONT></o:p></SPAN></H2>
<H2 style="MARGIN: 0in 0in 0pt; mso-line-height-alt: 10.5pt"><SPAN style="FONT-SIZE: 11pt; COLOR: blue">Interest Rates Drop for the First Quarter of 2009<o:p></o:p></SPAN></H2>
<P style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt"><A href="http://www.irs.gov/newsroom/article/0,,id=201115,00.html">http://www.irs.gov/newsroom/article/0,,id=201115,00.html</A><o:p></o:p></SPAN></P>
<P style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt">The Internal Revenue Service today announced in Revenue Ruling 2008-54 that interest rates for the calendar quarter beginning Jan. 1, 2009 will drop by one percentage point. See article for new rates.<o:p></o:p></SPAN></P>
<P style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></P>
<H2 style="MARGIN: 0in 0in 0pt; mso-line-height-alt: 10.5pt"><SPAN style="FONT-SIZE: 11pt; COLOR: blue">IRS Issues Fall 2008 Statistics of Income Bulletin<o:p></o:p></SPAN></H2>
<H2 style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; mso-bidi-font-weight: bold"><A href="http://www.irs.gov/newsroom/article/0,,id=200506,00.html">http://www.irs.gov/newsroom/article/0,,id=200506,00.html</A></SPAN><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 10pt"><o:p></o:p></SPAN></H2>
<H2 style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; COLOR: windowtext; mso-bidi-font-weight: bold">The Internal Revenue Service today released the fall 2008 issue of the Statistics of Income Bulletin, which features information on 138.4 million individual income tax returns filed for tax year 2006.</SPAN><SPAN style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; COLOR: windowtext"><o:p></o:p></SPAN></H2>
<P style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; COLOR: blue"><o:p> </o:p></SPAN></B></P>
<P style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; COLOR: blue">Recent Articles from e-News for Small Businesses<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">SBA’s frequently asked questions<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">The latest update to the Small Business Administration’s Office of Advocacy small business publication, <U><SPAN style="COLOR: blue"><A href="http://www.sba.gov/advo/stats/sbfaq.pdf">Frequently Asked Questions</A></SPAN></U>, has a variety of statistical data and other information for small businesses. <o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">APA reminders for a successful year-end<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">The American Payroll Association has some tried-and-true <U><SPAN style="COLOR: blue"><A href="http://www.americanpayroll.org/pdfs/gov/08m20year-endtips.pdf">tips</A></SPAN></U> to help ease year-end processing for employers. <o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Information on SBTV.com<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Visit SBTV.com’s <U><SPAN style="COLOR: blue"><A href="http://www.sbtv.com/Partners/IRS">IRS Partner Page</A></SPAN></U> for archived videos and other resources. <o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Retirement news for employers<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">The fall issue of <U><SPAN style="COLOR: blue"><A href="http://www.irs.gov/pub/irs-tege/rne_fall08.pdf">Retirement News for Employers</A></SPAN></U> covers hardship withdrawals, loans from retirement plans and more. <o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Due date extended for some 2008 returns<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Since Feb. 28 is a Saturday, the deadline for filing 2008 returns normally due that day is extended to March 2. This includes: <o:p></o:p></SPAN></P>
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<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo3; tab-stops: list .5in"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><A href="http://www.irs.gov/instructions/iw2w3/index.html">Form W-2</A>, Wage and Tax Statement (for wages paid to employees) <o:p></o:p></SPAN>
<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo3; tab-stops: list .5in"><U><SPAN style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial"><A href="http://www.irs.gov/instructions/i1099msc/index.html">Form 1099-MISC</A></SPAN></U><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">, Miscellaneous Income (for payments made in the course of a trade or business to nonemployees) <o:p></o:p></SPAN>
<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo3; tab-stops: list .5in"><U><SPAN style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial"><A href="http://www.irs.gov/businesses/small/article/0,,id=188360,00.html">Form 8027</A></SPAN></U><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">, Employer’s Annual Information Return of Tip Income and Allocated Tips <o:p></o:p></SPAN></LI></UL>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Electronic filers have until March 31 to file these returns. <o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></P>
<P style="MARGIN: 0in 0in 0pt"><B><SPAN style="FONT-SIZE: 11pt; COLOR: blue">Subscribe to e-News for Small Businesses<o:p></o:p></SPAN></B></P>
<P style="MARGIN: 0in 0in 0pt">If you would like to receive e-News for Small Businesses, please visit this link to subscribe: <A href="http://www.irs.gov/businesses/small/content/0,,id=154826,00.html">http://www.irs.gov/businesses/small/content/0,,id=154826,00.html</A><SPAN style="FONT-SIZE: 10pt; COLOR: windowtext"><o:p></o:p></SPAN></P>
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