Credit-reduction states are listed on Schedule A of the 2011 Form 940. If you do business in one of those 20 states, and you receive a balance-due notice from the IRS, don’t despair.
The IRS has made some calculation errors, going so far as to mistakenly double the amount of the credit reduction for some employers. The IRS is looking into the problem, but until it’s resolved you should have at the ready your 2011 Form 940, your own credit-reduction calculations and substantiation for those calculations to back up entries on the form.
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