Get the free Form 940
Show details
Form 940 is used by employers to report their annual Federal Unemployment Tax Act (FUTA) tax. It details the requirements for filing, including eligibility tests, filing deadlines, and the electronic
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign form 940
Edit your form 940 form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your form 940 form via URL. You can also download, print, or export forms to your preferred cloud storage service.
How to edit form 940 online
To use our professional PDF editor, follow these steps:
1
Set up an account. If you are a new user, click Start Free Trial and establish a profile.
2
Prepare a file. Use the Add New button to start a new project. Then, using your device, upload your file to the system by importing it from internal mail, the cloud, or adding its URL.
3
Edit form 940. Add and change text, add new objects, move pages, add watermarks and page numbers, and more. Then click Done when you're done editing and go to the Documents tab to merge or split the file. If you want to lock or unlock the file, click the lock or unlock button.
4
Save your file. Select it from your records list. Then, click the right toolbar and select one of the various exporting options: save in numerous formats, download as PDF, email, or cloud.
With pdfFiller, it's always easy to deal with documents. Try it right now
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out form 940
How to fill out Form 940
01
Obtain a copy of Form 940 from the IRS website or your accountant.
02
Fill in your business information including your name, address, and employer identification number (EIN).
03
Indicate the year for which you are filing the form.
04
Report the total wages paid to employees who are subject to Federal Unemployment Tax (FUTA).
05
Calculate the total FUTA tax using the applicable tax rate.
06
Determine any adjustments if applicable, such as credits for state unemployment taxes.
07
Fill in the total tax liability and any payments you have made.
08
Complete the section concerning your business’s status and any applicable exemptions.
09
Review the form for accuracy and completeness.
10
Sign and date the form before submitting it to the IRS by the due date.
Who needs Form 940?
01
Employers who pay wages subject to Federal Unemployment Tax (FUTA).
02
Businesses with a pay structure where certain types of employees are eligible for unemployment benefits.
03
Companies that meet the threshold for FUTA taxes based on employee wages.
Fill
form
: Try Risk Free
People Also Ask about
What is the difference between form 940 and 941?
Form 940 deals exclusively with the Federal Unemployment Tax (FUTA), which is not withheld from employees' wages. Employers pay FUTA tax based on the wages they pay to employees. Form 941 reports payroll taxes, which include federal income tax withholding, Social Security tax, and Medicare tax.
What is the purpose of a 940 form?
Use Form 940 to report your annual Federal Unemployment Tax Act (FUTA) tax. Together with state unemployment tax systems, the FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs. Most employers pay both a federal and a state unemployment tax. Only employers pay FUTA tax.
Is 940 annual or quarterly?
Your 940 tax form is due at the end of January, following the year wages were paid. For 2024, the Form 940 due date is January 31, 2025. This form is filed annually, even though tax payments may have to be made quarterly.
What is the 940 form used for?
Use Form 940 to report your annual Federal Unemployment Tax Act (FUTA) tax. Together with state unemployment tax systems, the FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs. Most employers pay both a federal and a state unemployment tax. Only employers pay FUTA tax.
What is a 941 form used for?
Employers use Form 941 to: Report income taxes, Social Security tax, or Medicare tax withheld from employee's paychecks. Pay the employer's portion of Social Security or Medicare tax.
Do nonprofits file 940 or 941?
501(c)(3) nonprofits are exempt from FUTA, so no Form 940 should be filed. If your nonprofit is tax-exempt under a 501(c)(4), 501(c)(6), or some other 501(c) code section, your nonprofit is NOT exempt from FUTA, and Form 940 will be required.
Can I print form 940?
To print Form 940 Information can be edited on the IRS Form 940 screen before printing the form. Once the information on this screen is correct, click Print.
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is Form 940?
Form 940 is an annual federal tax form used by employers to report their Federal Unemployment Tax Act (FUTA) tax.
Who is required to file Form 940?
Employers who pay unemployment compensation to employees or have a specific payroll threshold are required to file Form 940.
How to fill out Form 940?
To fill out Form 940, employers need to gather payroll information, calculate the FUTA tax owed, and complete the form with necessary details such as the total taxable wages and any credits taken.
What is the purpose of Form 940?
The purpose of Form 940 is to report and pay the federal unemployment tax, which funds unemployment benefits.
What information must be reported on Form 940?
Form 940 requires employers to report total taxable wages, FUTA tax calculation, any adjustments, and information regarding state unemployment tax credits.
Fill out your form 940 online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Form 940 is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
