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<DIV>FYI</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></STRONG></FONT></DIV>
<DIV><FONT face="Footlight MT Light" color=#6147c5 size=4><STRONG>Oregon State Social Security Coordinator</STRONG></FONT></DIV>
<DIV><FONT face="Footlight MT Light" color=#6147c5 size=4><STRONG>Oregon PERS<BR>503 603-7633<BR>karen.park@state.or.us<BR><IMG alt="" hspace=0 src="cid:BWKXDKAHEEUA.IMAGE_9.GIF" align=baseline border=0><BR>SL2</STRONG></FONT></DIV>
<DIV><STRONG><FONT face="Footlight MT Light" color=#6147c5 size=4></FONT></STRONG> </DIV>
<DIV><FONT face="Footlight MT Light" color=#6147c5>Please note my office hours are Monday thru Thursday 6 am to 4:30 pm</FONT></DIV>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=2>CONFIDENTIALITY NOTE: All information in this email, including attachments, is approved solely for delivery to and authorized use by intended recipients. Use, dissemination, distribution, or reproduction of this message and/or any of its attachments by unintended recipients is not authorized and may be unlawful. If you are not an intended recipient of this message or an authorized assistant to an intended recipient, please notify the sender by replying to this message and then delete it from your system</FONT>. </P></FONT></DIV><BR><BR>>>> TAVARES Cathleen M <cathleen.m.tavares@dor.state.or.us> 8/13/2010 10:34 AM >>><BR></DIV>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><FONT size=3><FONT face="Times New Roman">PayrollTax News LISTSERV<o:p></o:p></FONT></FONT></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><FONT size=3><FONT face="Times New Roman">August 2010.<o:p></o:p></FONT></FONT></B></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" size=3>Please share this information with anyone who would benefit from it</FONT></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><FONT size=3><FONT face="Times New Roman">Important Update:<o:p></o:p></FONT></FONT></B></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt 11.4pt; TEXT-INDENT: -14.25pt; mso-list: l1 level1 lfo1; tab-stops: list -2.85pt"><FONT face="Times New Roman"><B style="mso-bidi-font-weight: normal"><SPAN style="mso-list: Ignore"><FONT size=3>1.</FONT><SPAN style="FONT: 7pt 'Times New Roman'"> </SPAN></SPAN></B><B style="mso-bidi-font-weight: normal"><FONT size=3>iWire<SPAN style="mso-spacerun: yes"> </SPAN>(Electronically filing W2’s and 1099’s) :<o:p></o:p></FONT></B></FONT></P>
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<P class=MsoNormal style="MARGIN: 5pt 0in; mso-layout-grid-align: none"><FONT face="Times New Roman"><FONT size=3>Effective for calendar year 2010, businesses with 50 or more employees and all payroll service providers are required to report W-2 information electronically.<SPAN style="mso-spacerun: yes"> </SPAN><BR><BR>Starting with calendar year 2011, businesses with 250 or more of any one type of information return (<B style="mso-bidi-font-weight: normal">1099-Misc, 1099-R, 1099-G, W2-G</B>) are required to report return information electronically.<SPAN style="mso-spacerun: yes"> </SPAN><BR><BR>For more information, please visit the <B style="mso-bidi-font-weight: normal"><I style="mso-bidi-font-style: normal">iWire</I></B> website at </FONT><B><SPAN style="FONT-SIZE: 11pt"><A href="http://www.oregon.gov/DOR/BUS/iwire-income-wage-information-return-eservices.shtml">http://www.oregon.gov/DOR/BUS/iwire-income-wage-information-return-eservices.shtml</A></SPAN></B></FONT><FONT face="Times New Roman" size=3>. <BR><BR>You can also contact us directly by e-mailing us at </FONT><A href="mailto:iWire.DOR@state.or.us"><FONT face="Times New Roman" size=3>iWire.DOR@state.or.us</FONT></A><FONT face="Times New Roman"><FONT size=3> or by calling the new <B style="mso-bidi-font-weight: normal">iWire Technical Support Line</B> at <B style="mso-bidi-font-weight: normal">503-945-8127</B></FONT><SPAN style="FONT-SIZE: 11pt">.<SPAN style="mso-spacerun: yes"> </SPAN><o:p></o:p></SPAN></FONT></P>
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<P class=MsoNormal style="MARGIN: 5pt 0in; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><FONT size=3><FONT face="Times New Roman">II. Reminders:<SPAN style="COLOR: black; mso-bidi-font-weight: bold"> </SPAN><SPAN style="mso-spacerun: yes"> </SPAN><BR><SPAN style="mso-spacerun: yes"> </SPAN><o:p></o:p></FONT></FONT></B></P>
<P class=MsoNormal style="MARGIN: 5pt 0in 5pt 20.85pt; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo2; tab-stops: list 20.85pt; mso-layout-grid-align: none"><FONT face="Times New Roman"><B style="mso-bidi-font-weight: normal"><SPAN style="mso-list: Ignore"><FONT size=3>A.</FONT><SPAN style="FONT: 7pt 'Times New Roman'"> </SPAN></SPAN></B><B style="mso-bidi-font-weight: normal"><FONT size=3>Withholding on Deferred Compensation Distributions:<o:p></o:p></FONT></B></FONT></P>
<P class=MsoNormal style="MARGIN: 5pt 0in; mso-layout-grid-align: none"><FONT size=3><FONT face="Times New Roman">If sending in a withholding deposit on your payroll withholding account for a deferred compensation distribution, you must be sure to include this amount with your normal payroll withholding when completing form OQ for that quarter.<SPAN style="mso-spacerun: yes"> </SPAN></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 5pt 0in; mso-layout-grid-align: none"><FONT size=3><FONT face="Times New Roman"><SPAN style="mso-spacerun: yes"> </SPAN>For example, if your payroll withholding for the quarter was $4500.00, and you sent in a deferred compensation withholding payment of $142.50, you must report total withholding of $4642.50 on Column B, line 5, “tax due” for that quarter.</FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 5pt 0in; mso-layout-grid-align: none"><FONT face="Times New Roman"><FONT size=3>However, if you are going to be making periodic distributions, you need to obtain a new BIN separate from your payroll account by completing the “</FONT><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; COLOR: black">Registration Report—Withholding on IRAs, Annuities, and Compensation Plans</SPAN></B><SPAN style="FONT-SIZE: 11pt; COLOR: black">” located at <A href="http://www.oregon.gov/DOR/BUS/forms-payroll.shtml"><FONT color=#800080>http://www.oregon.gov/DOR/BUS/forms-payroll.shtml</FONT></A></SPAN><SPAN style="FONT-SIZE: 11pt"><o:p></o:p></SPAN></FONT></P>
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<P class=MsoNormal style="MARGIN: 5pt 0in; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman">III. Education/Events:<o:p></o:p></FONT></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 5pt 0in; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman"><SPAN style="mso-spacerun: yes"> </SPAN><BR><SPAN style="mso-spacerun: yes"> </SPAN>Oregon Small Business Forum<BR><SPAN style="mso-spacerun: yes"> </SPAN>Date:</FONT></SPAN></B><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman"> Tuesday, August 24<SUP>th</SUP> 2010.<BR><SPAN style="mso-spacerun: yes"> </SPAN><B style="mso-bidi-font-weight: normal">Time:</B> 8:00am-12:00pm<BR><SPAN style="mso-spacerun: yes"> </SPAN><B style="mso-bidi-font-weight: normal">Location</B>: <BR><SPAN style="mso-spacerun: yes"> </SPAN>Oregon Association of Minority Entrepreneurs<BR><SPAN style="mso-spacerun: yes"> </SPAN>4134 N. Vancouver Portland OR <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 5pt 0in; mso-layout-grid-align: none"><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman">This forum will be covering “<B style="mso-bidi-font-weight: normal">Small Business Financing</B>” with <SPAN class=644523017-13082010>many </SPAN>great speakers including speakers from Albina Community Bank, Credit Union Association of America, Omni Business Solutions and Corporate Credit Builders. <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 5pt 0in; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman">RSVP </FONT></SPAN></B><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman">for this free event by calling <B style="mso-bidi-font-weight: normal">503 326-5240 or 503 326-3441</B> <BR style="mso-special-character: line-break"><BR style="mso-special-character: line-break"><o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 5pt 0in; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman"><SPAN style="mso-spacerun: yes"> </SPAN>The 17<SUP>th</SUP> Annual Oregon Small Business Fair<BR><SPAN style="mso-spacerun: yes"> </SPAN>Date:</FONT></SPAN></B><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman"> Saturday, September 11<SUP>th</SUP> 2010<BR><SPAN style="mso-spacerun: yes"> </SPAN><B style="mso-bidi-font-weight: normal">Time</B>: 8:30am-4:30pm<BR><SPAN style="mso-spacerun: yes"> </SPAN><B style="mso-bidi-font-weight: normal">Location</B>: <BR><SPAN style="mso-spacerun: yes"> </SPAN>Oregon Convention Center<BR><SPAN style="mso-spacerun: yes"> </SPAN>777 NE Martin Luther King Jr. Blvd.<BR><SPAN style="mso-spacerun: yes"> </SPAN>Portland OR <BR><BR>This is a free event for small business owners and those thinking about starting a business to obtain free counseling and information on many business topics.<SPAN style="mso-spacerun: yes"> </SPAN>Informational booths and free workshops cover such topics as marketing, business licenses, tax obligations, and business planning.<SPAN style="mso-spacerun: yes"> </SPAN><BR style="mso-special-character: line-break"><BR style="mso-special-character: line-break"><o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 5pt 0in; mso-layout-grid-align: none"><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman">Additional information on workshops and speakers can be found at </FONT><A href="http://www.oregonbizfair.org/"><FONT face="Times New Roman">www.oregonbizfair.org</FONT></A><FONT face="Times New Roman"> , or at </FONT><A href="http://www.portlandonline.com/smallbusinessfair"><FONT face="Times New Roman" color=#800080>http://www.portlandonline.com/smallbusinessfair</FONT></A><o:p></o:p></SPAN></P>
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<P class=MsoNormal style="MARGIN: 5pt 0in; mso-layout-grid-align: none"><SPAN style="FONT-SIZE: 11pt"><SPAN style="mso-spacerun: yes"><FONT face="Times New Roman"> </FONT></SPAN></SPAN><SPAN style="FONT-SIZE: 8.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-family: Arial">The <STRONG><SPAN style="FONT-FAMILY: Verdana; mso-bidi-font-family: Arial">Payrolltax-News </SPAN></STRONG>e-mail list provides employers with complete and up-to-date payroll tax information. Employers can <A href="http://listsmart.osl.state.or.us/mailman/listinfo/payrolltax-news" target=_blank>self-subscribe here</A>. Representatives in the Business Division will send information to employers through this list. Employers can request additional information by e-mailing <A href="mailto:payroll.help.dor@state.or.us">payroll.help.dor@state.or.us</A>.<BR> <BR>As a standard practice, e-mail sent from the department will be in text form only. Department of Revenue will not open attachments.<BR> <BR>Questions about list content and subscription problems should be directed to the list owner: <BR> <BR>Cathy Tavares<BR>Oregon Dept of Revenue<BR><A href="mailto:Cathleen.M.Tavares@state.or.us">Cathleen.M.Tavares@state.or.us</A><BR>503-945-8762<A href="mailto:Cathleen.M.Tavares@state.or.us"></A></SPAN><SPAN style="FONT-SIZE: 11pt"><o:p></o:p></SPAN></P>
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