Oregon Withholding Penalties

Saturday, August 31st, 2013

Oregon New Withholding Return Penalties

Oregon House Bill 2464 creates additional penalties for Oregon personal income tax withholding filers who fail to file a withholding return or who file fraudulent returns.

The new penalties apply to payments made in tax years beginning on or after January 1, 2013.

Under the new bill, a person who fails to file a withholding report, or who files an incomplete or incorrect return or report, shall be subject to a penalty of $50 per information return after the date on which the return or report is due, up to a maximum penalty of $2,500. A person who knowingly fails to file a report or who knowingly files an incomplete, false or misleading return or report, shall be subject to a penalty of $250 per information return after the date on which the return or report is due, up to a maximum penalty of $25,000.

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