IRS Changes to Reporting
IRS changes that may affect your Unemployment Insurance (UI) account:
This notice affects:
- Disregarded Single Member Limited Liability Companies (SMLLC)
- Qualified SubChapter Subsidiaries (QSub)
January 1, 2009, the Internal Revenue Service (IRS) changed federal tax reporting requirements. They may affect your New York State Unemployment Insurance Account.
If you report New York State UI with your personal EIN, then you must give us your business EIN. This applies to those who ( for federal tax purposes) report as a disregarded entity operating an SMLLC or QSub and file federal unemployment taxes (FUTA) under your personal (individual) Employer Identification Number (EIN). Now, IRS requires that you report FUTA using the (EIN) associated to your business, not your personal EIN.
We need it to give you accurate credit for FUTA purposes.
You can call us at (518) 485-6600 to give the number or ask questions.
For details visit the IRS web site.