Change in Federal Unemployment Tax Rate

Effective July 1, 2011, the IRS announced that there will be a reduction in the Federal Unemployment Tax Act (FUTA) rate due to the expiration of the 0.2 percent FUTA surtax. This will decrease the overall rate from 6.2% to 6.0% on FUTA taxable wages paid after June 30, 2011. The annual FUTA taxable wage base of the first $7,000 paid to each employee remains unchanged.

Beware of emails claiming to be from the IRS

Bogus email scams are resurfacing, including one involving payments allegedly rejected by the Electronic Federal Tax Payment System.  The email has a link that may download malicious software.

PLEASE REMEMBER THAT THE INTERNAL REVENUE SERVICE NEVER SENDS AN EMAIL TO A TAXPAYER FOR ANY REASON AND CONSEQUENTLY WILL NEVER ASK FOR FINANCIAL INFORMATION VIA EMAIL, FAX, OR TELEPHONE.  NEVER!  IF YOU RECEIVE SUCH A REQUEST, IT IS BOGUS AND SHOULD BE DISREGARDED IMMEDIATELY.