Roles and Responsibilities - Taxation
Roles and Responsibilities - Taxation
Section: Taxation | Number: 90.001 |
Title: Roles and Responsibilities - Taxation |
-
POLICY
The policy sets forth high-level Taxation roles and responsibilities for the Chancellor's Office and the Institutions.
OUS seeks to ensure that the high-level roles and responsibilities of the Chancellor's Office and the Institutions related to Taxation are documented, communicated, and clearly understood and applied.
- ORS 351.085 - Duties and Powers of Chancellor
- OAR 580-040-0005 - Delegation and Assignment of Responsibility
- IMD 6.001 - Finance and Business Affairs Accounting Policies - Assignment of Responsibility
- IMD 6.002 - Finance and Business Affairs Accounting Policies - Institutional Responsibility
.130 APPROVAL AND EFFECTIVE DATE OF POLICY
Approved by the Budget and Finance Committee of the Board on 2/15/02 as part of the Fiscal Accountability Framework Final Report. The effective date of the policy is 3/1/02.
All Chancellor's Office and institutional personnel with taxation and related responsibilities should be knowledgeable of this policy.
None.
.160 HIGH LEVEL ROLES AND RESPONSIBILITIES
A. CHANCELLOR'S OFFICE AND INSTITUTION
Process CO Institutions* 1099 Classifies and collects data x Verifies vendor data (name, tax ID number) x Prepares & submits IRS electronic file x x Receives errors x Resolves errors x Responds to and negotiates penalties and fines with IRS x 1042s Non-Resident Alien (Accounts Payable) Classifies and collects data x Prepares and submits IRS electronic file x Submits summary to IRS x Calculates withholdings x IRS remittance x Receives errors x x Resolves errors x x Payroll Taxes Classifies and collects data x Submits quarterly filings and tax remittance x Prepares electronic file for IRS x Sends files to CO x Merges files and submits to IRS x Receives errors x Resolves errors x Responds to and negotiates penalties and fines with IRS x Unrelated Business Income Tax (UBIT) Classifies and collects data x Sends data to CO x Merges data and submits 990-T x Calculates tax liability x Files quarterly estimated tax x Responds to and negotiates penalties and fines with IRS x Other Taxes Multistate/Foreign Payroll Taxes Identifies and sets up x Files x Taxes to Other States Identifies and takes exemption x Education Tax Credits, 1098-T, E Prepares and submits reports to students & IRS x * Includes the CO managing its own departmental matters
** UO onlyDirect questions about this policy to the following offices:
Subject Contact General questions from institutional personnel Institution Office of Business Affairs General questions from institutional central administration and Chancellor's Office personnel Chancellor's Office, Office of General Counsel - Contract Management 10/15/03 - Reformatted
2/15/02 - ApprovedPolicy Last Updated: 10/20/14
APPENDIXNone.
Appendix Last Updated: 10/15/03