by Alice Gilman
Summary
This guide provides HR and payroll professionals with compliance guidance regarding the Federal Unemployment Tax Act (FUTA), including which employers and employees are covered, the FUTA tax rate and wage base, and when and how employers must report and deposit FUTA taxes.
In this guide, learn about:
- Overview of FUTA
- FUTA-covered employers
- General test for FUTA coverage
- Private sector employers
- Agricultural employers
- Household employers
- Disregarded entities
- FUTA-exempt employers
- State and local government employers
- Nonprofit employers
- Family employers
- Wages exempt from FUTA taxes
- Effect of 2017 federal tax reform law
- FUTA-covered and FUTA-exempt employees
- FUTA tax rate and wage base
- Successor employers
- Related corporations and common paymaster rules
- Depositing and paying FUTA taxes
- State credits against FUTA liability
- 90% (normal) credit
- Additional credit
- Successor employers
- State loan credit reductions
- Form 940 reporting requirements
- Penalties
- State unemployment and disability insurance taxes
- Determining employment status for SUI coverage
- Allocating employees who work in more than one state
- How state unemployment insurance benefits are determined
- Multiple worksite reporting
- State disability insurance taxes
- Future developments
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About the author
Alice Gilman
Alice Gilman, an employment tax compliance expert, has created two best-selling payroll compliance publications – Payroll Legal Alert, and The Payroll Compliance Handbook, currently published by Business Management Daily.
She was a contributing editor to Alexander Hamilton Institute’s Benefits Alert, Personnel Legal Alert, and Manager’s Legal Bulletin newsletters; the Complete Compliance Guide to Federal and State Employment Laws; the Complete COBRA Compliance Kit; the Complete FLSA Compliance Kit; and the Complete HIPAA Compliance Kit.
At Aspen Publishers, Ms. Gilman was a contributing editor to the Payroll Manager’s Letter, the American Payroll Association’s Basic Guide to Payroll, How to Slash Payroll Costs, and the Fingertip Guide to Payroll Practice.
Ms. Gilman is a graduate of the State University of New York at Albany and received her law degree from the University of Bridgeport.
She is admitted to the New York State Bar and is a member of the American Payroll Association.
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