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Minnesota business - beware of 2011 FUTA rates
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01-09-2012 10:40 AM
The 2011 FUTA rates are not accurate in MAS90 if you live in MN.
They are not .8% (for Jan - Jun) and .6% (for Jul - Dec). They should be 1.1% and .9% respectively.
This not only means that you will need to recalculate your previous deposits but you will not be able to use the automated efile year end report because it contains the wrong percentages.
VERY FRUSTRATING!
Solved! Go to Solution.
Re: Minnesota business - beware of 2011 FUTA rates
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01-09-2012 10:53 AM
Did you try selecting the option for 940 Schedule A ? It is line # 2 in Part 1 of the form(see attached screenshot). The checkbox will produce the required Schedule A and allows you to verify the wages paid in MN and calculates the extra .003.
Re: Minnesota business - beware of 2011 FUTA rates
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01-09-2012 11:51 AM
I will give it a try....thanks for the option.


