Get the free 1999 Form 940. Employer's Annual Federal Unemployment (FUTA) Tax Return

Form 940 Department of the Treasury Internal Revenue Service (99) OMB No. 1545-0028 Employer s Annual Federal Unemployment (FTA) Tax Return Name (as distinguished from trade name) T FF FD FP I T Calendar

How to fill out 1999 form 940 employers

How to fill out form 1999 940 employers:

1. Start by filling out the employer's identification information at the top of the form, including the employer's name, address, and employer identification number (EIN).
2. Next, report the total amount of wages paid to employees during the year in Box 1. This includes all taxable wages subject to federal income tax withholding.
3. In Box 2, report the total federal income tax withheld from employees' wages throughout the year.
4. Proceed to Box 3 and enter the amount of wages subject to Social Security tax. This includes both the employer and employee portions of the tax.
5. Similarly, in Box 4, report the amount of wages subject to Medicare tax, including both the employer and employee portions.
6. If any additional Medicare tax was withheld from employees, enter the total amount in Box 5.
7. Moving on to Box 6, report the total amount of taxable wages subject to federal unemployment tax (FUTA).
8. In Box 7, calculate the FUTA tax due by multiplying the taxable wages by the FUTA tax rate, which is usually 0.6%.
9. In Box 8, report any credit reduction that may apply to your FUTA tax. If there are no credit reductions, leave this box blank.
10. Finally, complete the contact information in Box 9, including the name and phone number of the person who prepared the form.

Who needs form 1999 940 employers:

1. Employers who have paid wages of $1,500 or more to employees during the year.
2. Employers who are liable for FUTA tax.
3. Employers who have withheld federal income tax and Social Security/Medicare taxes from employees' wages.
4. Employers who are obligated to report their employment taxes to the IRS.
5. Anyone with questions regarding their specific requirements or eligibility for the form should consult with a tax professional or refer to the official IRS guidelines.

For pdfFiller’s FAQs

What is form 940 employers annual?

Form 940 Employers Annual is a tax form used by employers to report their annual federal unemployment tax liability.

Who is required to file form 940 employers annual?

Employers who have paid at least $1,500 in wages to employees during any calendar quarter or had one or more employees for at least some part of a day in any 20 or more different weeks during the year are required to file form 940.

How to fill out form 940 employers annual?

To fill out form 940, employers need to provide their business information, calculate their federal unemployment tax liability, and report their state unemployment tax payments.

What is the purpose of form 940 employers annual?

The purpose of form 940 is to report and pay the Federal Unemployment Tax Act (FUTA) tax, which helps provide funds for unemployment compensation to workers who have lost their jobs.

What information must be reported on form 940 employers annual?

Employers must report their total taxable wages, their FUTA tax liability, and any state unemployment tax payments they made.

When is the deadline to file form 940 employers annual in 2023?

The deadline to file form 940 employers annual in 2023 is January 31, 2024.

What is the penalty for the late filing of form 940 employers annual?

The penalty for the late filing of form 940 is typically 5% of the unpaid tax for each month or part of a month the return is late, up to a maximum of 25% of the unpaid tax.

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