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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:CCLXFPJUQICE.IMAGE_5.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> 2/18/2011 3:38 PM >>><BR></DIV>
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<P align=center><B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; text-shadow: auto"><SPAN class=650312423-18022011>PayrollTax News LISTSERV<BR>Feb. 2011<BR>Please provide this information to anyone who may benefit from it. </SPAN></SPAN></B></P>
<P><B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; text-shadow: auto">I. End of the year reporting:<o:p></o:p></SPAN></B></P>
<P style="MARGIN-LEFT: 11.4pt; TEXT-INDENT: -17.1pt"><B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 10.0pt"><SPAN style="mso-spacerun: yes"> </SPAN></SPAN></B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; text-shadow: auto; mso-bidi-font-size: 10.0pt; mso-bidi-font-weight: bold">A. Form OTC’s</SPAN><B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 10.0pt">: <BR><BR></SPAN></B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 10.0pt; mso-bidi-font-weight: bold">Employers should have already received their 2011 OTC coupons. If you still have not received them, it is important to contact us at 503 945-8091 or go to <A href="http://findit.emp.state.or.us/tax/forms.cfm"><FONT color=#800080>http://findit.emp.state.or.us/tax/forms.cfm</FONT></A> to reorder them.<o:p></o:p></SPAN></P>
<P style="MARGIN-LEFT: 11.4pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 10.0pt; mso-bidi-font-weight: bold">Until you receive the correct coupons, DO NOT use old coupons or change someone else’s OTC coupon. Simply send in your payment with correspondence including your Business name, BIN, amount of payment, and tax program, quarter and year<SPAN class=650312423-18022011>,</SPAN> telling us where you want the payment to be applied. <o:p></o:p></SPAN></P>
<P style="MARGIN-LEFT: 11.4pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 10.0pt; mso-bidi-font-weight: bold">Using old coupons or changing someone else’s coupon can result in <SPAN class=650312423-18022011>payments being </SPAN>post<SPAN class=650312423-18022011>ed incorrectly</SPAN> and billing notices<SPAN class=650312423-18022011> being issued</SPAN>. <o:p></o:p></SPAN></P>
<P><B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 10.0pt"><SPAN style="mso-spacerun: yes"> </SPAN></SPAN></B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; text-shadow: auto; mso-bidi-font-size: 10.0pt; mso-bidi-font-weight: bold">B. Combined Payroll Tax Booklet: <o:p></o:p></SPAN></P>
<P style="MARGIN-LEFT: 11.4pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 10.0pt; mso-bidi-font-weight: bold">The Combined Payroll Tax Booklet will go out around mid February.<SPAN style="mso-spacerun: yes"> </SPAN>You should receive it by the end of the month. However, if you don’t receive it by the first week of March, be sure to contact us.<SPAN style="mso-spacerun: yes"> </SPAN>Chances are we may need to update your mailing address to resend the booklet to you. <B><o:p></o:p></B></SPAN></P>
<P style="MARGIN-LEFT: 11.4pt"><B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'">II. Form WR: <BR></SPAN></B><B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 10.0pt"><BR></SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 10.0pt">All</SPAN></B><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 10.0pt"> Oregon employers, even those submitting W2 information electronically, are required to submit the<B> Form WR</B> (Oregon Withholding Annual Reconciliation Report) at the end of the year. The WR reconciles what you reported on Form OQ with the total withholding figures reported on W2's/1099’s for state taxes. This form can be downloaded from our website @ <A title=blocked::http://www.oregon.gov/DOR/BUS/forms-payroll.shtml href="http://www.oregon.gov/DOR/BUS/forms-payroll.shtml"><SPAN style="COLOR: purple">http://www.oregon.gov/DOR/BUS/forms-payroll.shtml</SPAN></A>. <BR><BR>The WR is required to be filed by February 28, 2010.<SPAN style="mso-spacerun: yes"> </SPAN>However, if you submit your W2 information electronically, you can submit the WR by the extended due date of March 31<SUP>st</SUP>.<SPAN style="mso-spacerun: yes"> </SPAN><BR><BR>If you are reporting a substantial change on the form WR or are asking for a large refund due to errors that have occurred throughout the year, it is very important to prove and explain those changes. Failure to do so may result in refund delays. <o:p></o:p></SPAN></P>
<P style="MARGIN-LEFT: 11.4pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 10.0pt">For more information on submitting form WR, see our website at: <U><SPAN style="COLOR: blue"><A href="http://www.oregon.gov/DOR/BUS/faq-withhold.shtml#formwr">http://www.oregon.gov/DOR/BUS/faq-withhold.shtml#formwr</A> <BR></SPAN></U></SPAN><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 10.0pt"><BR>Please contact us at <STRONG><SPAN style="FONT-FAMILY: 'Trebuchet MS'">503 945-8091</SPAN></STRONG> if you have any questions on how to complete this form. </SPAN><STRONG><SPAN style="FONT-SIZE: 11pt; COLOR: black; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 12.0pt"><o:p></o:p></SPAN></STRONG></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 12.0pt">III. EFT:<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 12.0pt"><o:p> </o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 17.1pt; TEXT-INDENT: -14.25pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 12.0pt"><SPAN style="mso-spacerun: yes"> </SPAN><SPAN style="mso-spacerun: yes"> </SPAN>Due to the large volume of EFT applications received, EFT currently has a backlog. <SPAN style="mso-spacerun: yes"> </SPAN><SPAN style="mso-spacerun: yes"> </SPAN><SPAN style="mso-spacerun: yes"> </SPAN><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 17.1pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 12.0pt">Until you receive your EFT confirmation letter, you must continue sending your payments by paper check using the form OTC. Do not hold your payments pending the confirmation letter. You will not be penalized for sending your payments by check while we are processing your EFT application. <SPAN class=650312423-18022011>However, y</SPAN>ou can still face possible penalties if your payments are late. <SPAN style="mso-spacerun: yes"> </SPAN><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 12.0pt"><o:p></o:p></SPAN> </P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 12.0pt"><o:p><FONT size=3><STRONG><SPAN class=650312423-18022011><FONT face=Arial>Update: </FONT></SPAN> </STRONG></FONT></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 12.0pt"><o:p><SPAN class=650312423-18022011><SPAN style="FONT-SIZE: 12pt"><FONT size=2></FONT></SPAN></SPAN></o:p></SPAN> </P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 12.0pt"><o:p><SPAN class=650312423-18022011><SPAN style="FONT-SIZE: 12pt">The legislature took the <U>first step</U> toward a 2010 tax year reconnect yesterday. SB 301 passed out of the Senate Finance and Revenue Committee unanimously yesterday afternoon. The bill, if passed into law, would connect the Oregon definition of taxable income to federal law with the exception of IRC Section 168 bonus depreciation and IRC Section 179 expensing provisions. Those provisions would still be tied to federal law as of December 31, 2009. </SPAN></P></SPAN></o:p></SPAN><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Trebuchet MS'; mso-bidi-font-size: 12.0pt"><o:p><FONT face="Times New Roman">
<P class=MsoNormal><SPAN style="FONT-SIZE: 12pt; COLOR: blue"> <SPAN class=650312423-18022011>****</SPAN>SB 301 <SPAN class=650312423-18022011>has since </SPAN>passed the Senate this morning and now moves to the House.</SPAN></P></FONT></o:p></SPAN></FONT></DIV>
<DIV><SPAN class=650312423-18022011><FONT face="Trebuchet MS"><STRONG> </STRONG><FONT face="Times New Roman" size=2>The <STRONG>Payrolltax-News </STRONG>e-mail list provides employers with complete and up-to-date payroll tax information. Employers can </FONT><A href="http://listsmart.osl.state.or.us/mailman/listinfo/payrolltax-news" target=_blank><FONT face="Times New Roman" size=2>self-subscribe here</FONT></A><FONT face="Times New Roman" size=2>. Representatives in the Business Division will send information to employers through this list. Employers can request additional information by e-mailing </FONT><A href="mailto:payroll.help.dor@state.or.us"><FONT face="Times New Roman" size=2>payroll.help.dor@state.or.us</FONT></A><FONT face="Times New Roman" size=2>.<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></FONT><A href="mailto:Cathleen.M.Tavares@state.or.us"><FONT face="Times New Roman" size=2>Cathleen.M.Tavares@state.or.us</FONT></A><BR><FONT face="Times New Roman" size=2>503-945-8762</FONT><A href="mailto:Cathleen.M.Tavares@state.or.us"></A><BR><BR></FONT></SPAN></DIV></BODY></HTML>