Form 150-102-042 - Ach Credit Electronic Funds Transfer Program Guide Page 5
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11You are subject to corporate income taxes if you de-
reversals. Refunds will not be issued electronically
rive income from an Oregon source but you are not
through the ACH network. No reversals will be al-
doing business nor have a physical presence in Or-
lowed except in cases permitted by ACH rules and
egon. If you still have questions about which tax you
regulations. In such cases, you are required to con-
are subject to, look at our corporate tax booklets at
tact our EFT Help/Message Line for permission.
or call our EFT Help/Message Line, 503-947-2017.
Filing your estimated corporation excise
or income payments and tax returns
Corrections. If you feel an EFT payment was made in
error, contact your financial institution for their cor-
Payment coupon. Do not submit a payment coupon
rection procedures. You must also contact our EFT
(Form 20ES) when using EFT. EFT is a substitute for
Technician, 503-947-2037. Do not attempt to reverse
the 20ES coupon.
your transaction.
Annual tax returns. Annual tax returns must still
Incorrect record formats. If you are subject to EFT
be submitted by the specified due date. If an addi-
requirements and remit a payment with an incorrect
tional payment is due with the corporation excise or
format, we may return your payment. A returned
income tax return, the payment should not be made
payment may result in it being late and thus subject
using EFT.
to interest on underpayment of estimated tax.
Verification of timely payment. Your financial in-
ACH credit detail and
stitution should provide you with verification of
addenda record formats
transferred amounts and effective dates.
The following information describes the data con-
Proof of payment. If you require proof of payment,
tained in the Entry Detail and TXP Addendum Re-
it is your responsibility to work with your financial
cords. For complete information on NACHA formats,
institution to obtain verification that your funds
specifications, and definitions, refer to the ACH Rule
were transferred from your account into the state’s
Book. You may obtain a copy of the rule book from
account. Your financial institution can supply you
your financial institution or from Western Payments
with a trace number that is generated for the ACH
Alliance, 100 Bush Street, Suite 400, San Francisco CA
network.
94104; telephone number: 415-433-1230; e-mail: info@
Refunds and reversals. Current Department of Rev-
wespay.org; website: There may
enue procedures will be followed for refunds and
be a charge for this book.
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