Accrual of PCS Withholding Tax Allowance for PP 20 To: GS-W AO cc: Subject: Accrual of PCS Withholding Tax Allowance for PP 20 PLEASE DISREGARD IF YOUR COST CENTER DOES NOT HAVE ANY PCS OBLIGATIONS FOR FY 2000. As some of you are aware, OFM has identified a discrepancy with the Standard Operating Procedures of PCS Withholding Tax Allowance (mentioned below). Some of these charges have been hitting cost center accounts rather than the Bureau account. I have been working with the effected Cost Centers in obtaining the account information in order for OFM to move these charges to the Bureau account. Cost Centers will need to review their PP 20 444 reports to identify whether these charges have hit your cost center account. If they have hit your account, you will need to process an 8J/8S (by COB September 29, 2000) to move the PCS Withholding Tax Allowance charges to the Bureau account (6120-90000). After September 29, 2000, you must accrue an 8A (and place an 8S on hold). ------------------------------------------------------------------------- I was informed today that OFM has implemented a new procedure effective January 1, 2000, for the treatment of PCS withholding tax allowance. In the past a debit or charge would hit the cost center account and up to 2 years later you would see the offsetting credits. As you were well aware this caused large swings in the account balances during closeout. The balance of the debit and credits should almost always be zero even though that was not always the case. OFM has informed me that they have written new Standard Operating Procedures for the calculation and reconciliation of these claims. They found many internal errors creating the discrepancies and reasons for the debits and credits not always balancing to zero. The new Standard Operating Procedures include the Bureau establishing an account for all the debits and credits to be charged. This means the cost center will no longer see these hitting their accounts. The only time a charge may hit is if there was a major error in the calculation or Bureau of Reclamation makes a payroll adjustment. I have asked OFM to send something out to all cost centers. In the interim I wanted you to be aware. This new procedure is a result of a suggestion sent in by Scott Padgett, Northeast Region Office. Thank you Scott for taking the initiative on this issue. Hopefully this will eliminate the confusion throughout the year and especially at closeout when calculating what to accrue. Thanks, Kelly