[Revenews] Electronic 1099 reporting

[OWEN Shilo M]

Electronic 1099 reporting (iWire):

Effective for calendar year 2011, businesses with 250 or more of any one type of Forms 1099-MISC, 1099-G, 1099-R, and W-2G are required to report electronically. Smaller businesses will be phased in over the next two years, [OAR 150-316.360<http://www.oregon.gov/DOR/BUS/docs/iwire_150-314-360.pdf>]. The Oregon Department of Revenue will follow the same file specification for the 1099 information as the Internal Revenue Service, IRS website (Publication 1220)<http://www.irs.gov/pub/irs-pdf/p1220.pdf>. The due date for reporting is March 31, 2012.

Oregon filing specifications are now available. The IRS Publication 1220 has not yet been updated and if it is, Oregon specifications may change. For file specifications for W-2s & 1099s visit:

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>

File testing can begin on November 1, 2011.

If you have any questions, feel free to contact us at 503 945-8127, or e-mail us at iWire.DOR at state.or.us<mailto:iWire.DOR at state.or.us>
Form WR:

All Oregon employers, even those submitting 1099 information electronically, are required to submit the Form WR (Oregon Withholding Annual Reconciliation Report) with the total withholding figures reported to the IRS on W2's/1099's for state taxes. This form is required to be filed by March 31, 2012 and can be downloaded from our website @ http://www.oregon.gov/DOR/BUS/forms-payroll.shtml. Please contact us @ 503 945-8091 if you have any questions on how to complete this form.

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