I.R.S Changes that may impact your UI account

Notice to Disregarded Single Member Limited Liability Companies (SMLLC) and Qualified SubChapter Subsidiaries (QSub):

Effective January 1, 2009, the Internal Revenue Service (I.R.S.) has changed federal tax reporting requirements which may also affect your New York State Unemployment Insurance Account.

If, for federal tax purposes, you currently report as a disregarded entity operating an SMLLC or QSub and file your federal unemployment taxes (FUTA) under your personal (individual) Employer Identification Number (EIN), effective January 1, 2009, the IRS will require that you report FUTA using the (EIN) associated to your business, not your personal EIN.

If you are also reporting New York State Unemployment Insurance referencing your personal EIN, you will need to contact us to provide us with the EIN of your business in order to ensure accurate credit for FUTA purposes. If you need to provide us with your business EIN, or you have questions about this instruction, you may call us at (518) 485-6600.

Guidance on this issue is also available on the IRS website at http://www.irs.gov/businesses/small/article/0,,id=188629,00.html.