Payment of Federal unemployment tax on quarterly or other time period basis
General rule
Every person who for the calendar year is an employer (as defined in section 3306(a)) shall—
if the person is such an employer for the preceding calendar year (determined by only taking into account wages paid and employment during such preceding calendar year), compute the tax imposed by section 3301 for each of the first 3 calendar quarters in the calendar year on wages paid for services with respect to which the person is such an employer for such preceding calendar year (as so determined), and
if the person is not such an employer for the preceding calendar year with respect to any services (as so determined), compute the tax imposed by section 3301 on wages paid for services with respect to which the person is not such an employer for the preceding calendar year (as so determined)—
for the period beginning with the first day of the calendar year and ending with the last day of the calendar quarter (excluding the last calendar quarter) in which such person becomes such an employer with respect to such services, and
for the third calendar quarter of such year, if the period specified in subparagraph (A) includes only the first two calendar quarters of the calendar year.
The tax for any calendar quarter or other period shall be computed as provided in subsection (b) and the tax as so computed shall, except as otherwise provided in subsection (c), be paid in such manner and at such time as may be provided in regulations prescribed by the Secretary.
Computation of tax
Special rule where accumulated amount does not exceed $100
Source
(Added Pub. L. 91–53, § 2(a),Notes
Prior Provisions
Amendments
Effective Date of 1988 Amendment
Effective Date of 1983 Amendment
Effective Date of 1982 Amendment
Effective Date of 1976 Amendment
Effective Date of 1970 Amendment
Effective Date
Extension of Time for Payment of Additional FUTA Taxes
In General.—
Notwithstanding any other provision of law, if a qualified taxpayer is required to pay additional taxes for taxable years beginning in 1991 with respect to any employment in any State by reason of such State being declared a credit reduction State, such taxpayer may elect to defer the filing and payment of such additional taxes to a date no later than
Interest.—
Notwithstanding subsection (a), for purposes of section 6601(a) of the Internal Revenue Code of 1986, the last date prescribed for payment of any additional taxes for which an election is made under subsection (a) shall be
Definitions.—
For purposes of this section—
Qualified taxpayer.—
The term ‘qualified taxpayer’ means a taxpayer—
in a State which has been declared a credit reduction State for taxable years beginning in 1991, and
who did not receive notice of such credit reduction before
Credit reduction state.—
The term ‘credit reduction State’ means a State with respect to which the Internal Revenue Service has determined that a reduction in credits is applicable for taxable years beginning in 1991 pursuant to the provisions of section 3302 of the Internal Revenue Code of 1986.
Time and Manner for Making Election.—
An election under this section shall be made at such time and in such manner as the Secretary of the Treasury shall prescribe.”