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.
Our Payroll Mate payroll software helps Oregon employers comply with government regulations and process payroll smoothly.
Free trail download of Payroll Mate is available from:
http://payroll.realtaxtools.com/
