June 30 Deadline for Florida Employers to Pay Federal Interest Assessment
In February, the state of Florida began mailing federal interest assessment notices to Florida employers. The federal interest assessment payments are due June 30, 2012, and will be used to pay interest on federal loans taken to fund the state’s unemployment benefits program.
Contributing employers in Florida that were active as of December 1, 2011, and had $7,000 or more in taxable wages for the fiscal year ending June 30, 2011, are required to pay the assessment. The notices sent by the state include the amount due as well as a coupon that employers should return directly to the state along with their payment.
Alternatively, employers may pay the assessment online by visiting the Florida Department of Revenue website and selecting More e-Services, Pay a Bill and then OCR Number (Single Bill Payment). Employers paying online will need the OCR number located on the assessment notice.
The state is advising employers not to pay the assessment with the Employer’s Quarterly Report unemployment tax payment, but rather to pay with the provided coupon or online with the OCR number to ensure the assessment dollars are deposited in the correct fund. Interest will begin to accrue on July 1, 2012, for employers with outstanding federal interest assessment balances.
For more information about Florida’s federal interest assessment for 2012, please visit the Frequently Asked Questions about 2012 Unemployment Tax page of the Florida Department of Revenue website.
The material contained on this page is for informational purposes only and is current as of the date of publication. CompuPay is not a legal, tax or financial adviser and makes no claims as such. For tax, financial or legal advice, please seek a professional.