From the Indianapolis Business Journal:
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Department Commissioner Scott Sanders said Monday that if companies did incorrectly calculate how much they owed the state, it is up to them to let the department know and seek that money. He called it "a self-reporting process."
"So employers would need to go back and take a look at what they filed and if they filed incorrectly, by all means come back and submit a corrected return," Sanders said. "We'll be happy to issue them a credit memo and a refund if that's what they would like."
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The trouble stems from Indiana's efforts to repay roughly $2 billion in loans from the federal government to cover unemployment costs as the recession hit. Lawmakers developed a two-pronged plan in 2009 to deal with the problem by increasing the tax businesses pay into the insurance fund and increasing the amount of employee wages taxed from the first $7,000 earned by each worker to the first $9,500.
That latter bump, in the amount taxed, is what caused the current problem. The new plan was set to take effect at the start of 2010, but lawmakers delayed the tax hike a few months later, leaving businesses with the lower tax burden through 2010 — whether they knew it or not.
Both Luff and the Department of Workforce Development suspect the problem stems in part from businesses using software like Quickbooks that was updated at the start of 2010 with information that was out-of-date after lawmakers delayed the tax hike in March.
Because the companies file their own calculations, only state auditors such as Luff would have caught the mistake and the department audited only 2.5 percent of employers last year.
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http://www.ibj.com/unemployment-tax-repayment-causes-confusion/PARAMS/article/34426
