You're probably familiar with United States savings bonds and the payroll savings plan where you have funds deducted from your pay to purchase paper savings bonds. This option is available for Series EE Savings Bonds only.

Well we have some good news for you! The savings bond program has a new 21st century option called, "Electronic Payroll Savings with TreasuryDirect." Be sure to visit www.treasurydirect.gov where you can open a TreasuryDirect account and be able to buy and redeem electronic savings bonds directly from the United States Treasury Department.

More good news!
You have three choices with your payroll savings plan. You can invest in TreasuryDirect electronic savings bonds (Series I and EE); or you can continue buying paper bonds through the traditional payroll savings bond program (Series EE only); or you can do both. It's up to you.

Here are some of the advantages of TreasuryDirect:
* Security. TreasuryDirect bonds are electronic, and securely stored in your online account. No paper bonds to store and manage.
* Flexibility. You manage your electronic bonds online as your needs and financial circumstances change.
* Convenience. You manage your Treasury investments 24 hours a day from the convenience of your own home, work, or anywhere that you have online access through a secure Internet connection.
* Fast. Your electronic savings bonds are posted to your account just one business day after purchase.

It's simple...
* You open a TreasuryDirect account.
* You submit a request to your employer for a payroll deduction (an instruction sheet is available once you have opened your account in TreasuryDirect).
* Your employer establishes a deduction from your pay in the amount you request.
* You can buy a savings bond after accumulating a minimum of $25 in your account. The bond is then posted to your TreasuryDirect account.

Which of the following scenarios require a Corrected W-2?
1. Error found in tax year 2003
2. Address change
3. Change in non-taxable income; i.e. MVN moving expenses
4. State tax withheld other than Oregon not reflected on original W-2
5. Paying an employee more money this year from a timesheet adjustment last year