[Revenews] Updates...

[TAVARES Cathleen M]

Payroll Tax News LISTSERV

 
March 2010

                                    Please send this information to
anyone who would benefit from it. 

I.  Important updates


A. Unemployment:

 

The download for OTTER 2010 has been temporarily disabled. They
anticipate having an improved version released by early April. In the
meantime, if you have already downloaded the 2010 version, you should be
able to file your report as usual.

 

Be sure to check back on the Employment website at
http://www.oregon.gov/EMPLOY/TAX/  for additional updates.  If you have
any further questions, contact the Employment Departments OTTER Help
Line at 503 947-1544.  

 

B. Withholding Tax Tables Update:

 

The Oregon Withholding Tax Tables dated January 1, 2007 remain in effect
for all employees with wages under $125,000.00 a year.  However, if you
have employees with annual wages that exceed $125,000.00, use the
payroll withholding calculator located on our website at
http://www.oregon.gov/DOR/BUS/payroll_updates.shtml
<http://www.oregon.gov/DOR/BUS/payroll_updates.shtml>  to adjust for
changes resulting from Measure 66. 

 

For employers with a small number of employees with annual wages of
$125,000 or more, an option is to have the employee(s) modify
withholding using form W4 and the Oregon Personal Allowances Worksheet
<http://www.oregon.gov/DOR/BUS/docs/206-643.pdf> .


The tables will be modifies effective January 1, 2011 and should be
available by the week of November 29, 2010.   For any questions on using
the withholding calculator or any other questions, please contact us at
503 945-8091 or by e-mail at payroll.help.dor at state.or.us.
 


C. Additional Updates:

 

a. Personal Allowances:  $177.00

b. Standard Deductions:  Single $1950.00, Married $3900.00

c. Federal Tax Subtraction: $5850.00

 

II. Credit Notices



The new credit notices issued by the Employment Department and the
Department of Revenue now allow for employers to indicate how they wish
to have overpayments applied (State Withholding, TriMet/Lane Transit,
State Unemployment, Workers Benefit Fund) and what amounts they wish to
apply for each program.  It still also allow for refund of any
overpayment.

 

Notices are sent to advise you that an overpayment is currently
reflected on your account.  It is very important to carefully research
these notices to ensure that you have in fact overpaid your payroll tax
account.  An amended or corrected return may be needed if you find that
this information is not correct. 



If you think that a notice may have been issued in error, or have any
questions as to the nature of the overpayment, please contact the
specific agency that issued the credit notice to go over your account.
Contact Department of Revenue at 503 945-8091, the Employment Department
- 503 947-1488, or the Workers Benefit Fund- 503 378-2372  

 

III. W2 Information:



We are currently accepting electronic W2 information from employers who
have over 250 employees and all payroll service providers.  Those that
are electronically filing the W-2's are required to have the Form WR
(Oregon Withholding Annual Reconciliation Report) for 2009 submitted by
March 31, 2010.  However, all other employers are required to submit the
Form WR for 2009 by February 28, 2010. 
 
If you have not done so, please complete the form located on our website
at http://www.oregon.gov/DOR/BUS/forms-payroll.shtml
<http://www.oregon.gov/DOR/BUS/forms-payroll.shtml>  and submit it as
soon as possible. You are not required to submit your W2 information by
paper. However, if you are reporting a large adjustment, be sure to
indicate the reason on line 7 and attach any W2C's that support this
change. 

 

 

*****The Payrolltax-News e-mail list provides employers with complete
and up-to-date payroll tax information. Employers can self-subscribe
here <http://listsmart.osl.state.or.us/mailman/listinfo/payrolltax-news>
. Representatives in the Business Division will send information to
employers through this list. Employers can request additional
information by e-mailing payroll.help.dor at state.or.us.
 
As a standard practice, e-mail sent from the department will be in text
form only. Department of Revenue will not open attachments.
 
Questions about list content and subscription problems should be
directed to the list owner:  
 
Cathy Tavares
Oregon Dept of Revenue
Cathleen.M.Tavares at state.or.us
503-945-8762 <mailto:Cathleen.M.Tavares at state.or.us> 

 

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