Form 150-102-042 - Ach Credit Electronic Funds Transfer Program Guide (Page 3 of 11) in pdf

Your request for a waiver must be in writing and

new agreement must be filed if any of the following

received by the department at least 30 days prior

are changed: your Oregon Business Identification

to your next payment due date. Please write “EFT

Number (BIN), Federal Employer Identification

Waiver” at the top of your request and include the

Number (FEIN), business name, business address,

reasons for your request. Send your waiver request

EFT contact person, telephone number, fax number,

to: EFT Coordinator, Oregon Department of Rev-

or e-mail address.

enue, PO Box 14725, Salem OR 97309-5018 or fax it to

503-947-2016. We will notify you within 30 days from

Payment options

receiving your request whether or not your waiver

What are the two payment options? The two pay-

from EFT participation has been granted.

ment options are ACH debit and ACH credit.

What if I use a cer tified public accountant

Each method has its own program guide. This is

(CPA), bookkeeper, or other service provider

the ACH credit program guide. If you need the

for my corporate taxes? You may still enroll in

ACH debit program guide, you can get it from

our EFT program but must complete a Pow-

or by call-

er of Attorney and Declaration of Representative

ing our EFT Help/Message Line, 503-947-2017.

form. You can download this form from www.

• ACH Debit (Automated Clearing House Debit)

gov.oregon.gov/DOR/PERTAX/formspit.shtml.

There is no cost to you. No software. No hardware.

Registration

No transmission charges. You initiate the transmis-

sion of your tax payment through either a secure

How do I register for the EFT program? To register

internet application or a touchtone telephone.

for the ACH credit method, you must first have an

Oregon Business Identification Number (BIN) that

Under this option, you authorize the State of Or-

is open and active for estimated corporation taxes.

egon to electronically transfer tax payments from

Then you need to complete the ACH Credit Agree-

your financial institution into the state’s financial

ment and Application form included in this guide.

institution. You make the payment by signing into

Return your completed form to: EFT Coordinator,

a secure internet application or by calling a toll-

Oregon Department of Revenue, PO Box 14725, Sa-

free telephone number sponsored by the Oregon

lem OR 97309-5018 or fax it to 503-947-2016.

Department of Revenue. If you would like to use

Oregon’s convenient ACH debit method, please

Note: Your Oregon BIN is not the same as your

download the ACH debit EFT program guide from

registry number issued by the Oregon Secretary of

or by

State’s Corporation Division. If you do not know

calling our EFT Help/Message Line, 503-947-2017.

your Oregon BIN, please call our EFT Help/Message

Line, 503-947-2017.

• ACH Credit (Automated Clearing House Credit)

Be sure to include your Oregon BIN on any cor-

There may be a cost to you. You must contact

respondence with the department regarding EFT

your financial institution prior to choosing this

payments. It is also important that you include your

method.

Oregon BIN on your corporation excise or income

tax return, when you file, and on all correspondence

The ACH Credit method allows you to transfer

regarding your return or payments.

funds by instructing your financial institution to

debit your account and to credit the state’s financial

Changes

institution. Financial institutions use a variety of dif-

ferent methods to initiate ACH credit transactions,

What do I do if I change financial institutions or need

including but not limited to internet applications,

to change the payment method I originally selected?

touchtone telephone systems, software packages,

Obtain a new Agreement and Application form and

in person, and by fax just to mention a few. Not all

advise us of your change. All information requested

financial institutions offer ACH origination service

on the form must be provided for any change you

and if they do they may charge various fees for orig-

are making.

inating ACH transactions. You would be respon-

What do I do if some or all of my business infor-

sible for these charges. For a no cost solution to EFT,

mation changes? You must notify the department

please refer to the ACH debit method mentioned

by completing a new Agreement and Application. A

earlier in this program guide. We recommend you

Form 150-102-042 - Ach Credit Electronic Funds Transfer Program Guide Page 3

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