The IRS warns that employers may need to track pre- and post 6-30 FUTA taxable wages. Unless Congress takes action soon, the .2% federal unemployment tax (FUTA) surtax will expire effective July 1, 2011. An IRS spokesperson has indicated that if the surtax is not extended, employers will need to separately track FUTA taxable wages paid before July 1, and FUTA taxable wages paid after June 30.

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