Form 150-206-029 - Ach Debit Authorization Agreement And Application For Combined Payroll Tax And Assessment Page 2
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8Introduction
Program participation
The Oregon Department of Revenue has developed
Am I required to participate in this program? You
a program to accept state combined payroll tax
must pay your Oregon combined payroll taxes
payments through Electronic Funds Transfer (EFT).
electronically if you are federally mandated to pay
These payments are processed through the Auto-
your federal taxes electronically using the Electronic
mated Clearing House (ACH) network. EFT greatly
Federal Tax Payment System (EFTPS). You must com-
reduces the cost and time to generate and handle
plete either the ACH Debit Authorization Agreement
paper checks and allows for quicker and more ac-
and Application form included in this program guide
curate posting of tax payments.
or the ACH Credit Agreement and Application.
Private industry and the federal government have
A special note to Oregon corporation excise and in-
been using EFT technology for many years. For
come taxpayers. Corporate taxpayers are also required
example, direct deposit of employee’s wages, Social
to make their estimated tax payments by EFT when they
Security payments, and federal income tax refunds
are federally mandated through EFTPS. Do not use the
are commonly made through EFT. Many corpo-
enclosed application form. You can obtain our “Estimated
rations also use EFT to pay their suppliers for goods
Corporation Excise and Income Tax Electronic Funds
and services.
Transfer Program Guide” with an application form from
or by calling our
For the Oregon EFT program, we are offering two
EFT Help/Message line, 503-947-2017.
payment options: ACH debit and ACH credit. These
options use the ACH network. The ACH network
Can I participate in the program even if I’m not
is a nationwide system designed to electronically
required to do so? Yes. If you don’t meet the re-
transfer funds between financial institutions using
quirement, but you want to make your combined
industry accepted standards. These standards were
payroll tax payments by EFT, you may do so. You
designed to ensure network security and increase
must complete either the ACH Debit Authorization
the efficiency of EFT transactions.
Agreement and Application form included in this
program guide or the ACH Credit Agreement and
Advantages of making payments through the EFT
Application. Once registered as a voluntary par-
program are:
ticipant, you will be subject to the same rules estab-
• The cost and time to generate and sign checks is
lished for mandatory participants.
greatly reduced or eliminated.
I received a Mandated EFT Notification. What do I
• You know exactly when your account will be
need to do? If we have notified you that you may
debited.
be required to use EFT, you must either return your
• You can use the EFT program without significant
completed authorization agreement or submit an
investments, such as computers or remittance
EFT waiver request within 60 days of receipt. If a
processing equipment.
payroll or tax service makes your combined payroll
We realize that you may have many questions about
tax payments, you must notify them of your re-
the EFT program and your obligation to make state
quirement. Failure to do so may result in penalties
payroll tax payments electronically. The information
and interest.
in this program guide is intended to provide you
Can I withdraw from the EFT program? The depart-
with specific information and answers to the most
ment may grant you a waiver from participation in
commonly asked questions about making combined
the EFT program if:
payroll tax payments using the ACH debit method.
Note: If, after reading through this program guide,
1. You receive notification that you meet the man-
you have additional questions or believe ACH debit
datory requirement to pay your combined payroll
through Oregon’s WebPay or TelePay systems will
taxes by EFT, but you disagree with the deter-
not work for your business, please visit
mination; or
egon.gov/DOR/ESERV/eft.shtml and consider our
2. You receive notification that you meet the man-
ACH credit method. If you still have questions or do
datory requirement to pay your combined payroll
not have internet access, call our EFT Help/Message
taxes by EFT, but you would be disadvantaged by
Line at 503-947-2017 or write: EFT Coordinator, Or-
the requirement; or
egon Department of Revenue, PO Box 14725, Salem
3. You are a voluntary participant in the EFT program,
OR 97309-5018.
and you find EFT does not meet your needs.
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