Get the free Form 940 2015 Employer's Annual Federal Unemployment Tax Return

Get Form

We are not affiliated with any brand or entity on this form

Fill out

Complete the form online in a simple drag-and-drop editor.

eSign

Add your legally binding signature or send the form for signing.

Share

Share the form via a link, letting anyone fill it out from any device.

Export

Download, print, email, or move the form to your cloud storage.

Why pdfFiller is the best tool for your documents and forms

Learn more about security

End-to-end document management

From editing and signing to collaboration and tracking, pdfFiller has everything you need to get your documents done quickly and efficiently.

Accessible from anywhere

pdfFiller is fully cloud-based. This means you can edit, sign, and share documents from anywhere using your computer, smartphone, or tablet.

Secure and compliant

pdfFiller lets you securely manage documents following global laws like ESIGN, CCPA, and GDPR. It's also HIPAA and SOC 2 compliant.

What is Form 940 2015

The Form 940 2015 Employer's Annual Federal Unemployment Tax Return is a tax document used by employers to report their annual Federal Unemployment Tax Act (FUTA) tax.

pdfFiller scores top ratings on review platforms

Show more Show less

Fill fillable 940 2015 form: Try Risk Free

Rate free 940 2015 form

4.3

satisfied

41 votes

Who needs Form 940 2015?

Explore how professionals across industries use pdfFiller.

Form 940 2015 is needed by:

Employers who pay FUTA tax
Businesses operating in the U.S.
Human resources departments managing payroll
Accountants preparing tax returns for clients
Tax professionals advising on federal unemployment tax
Compliance officers ensuring business tax adherence

Comprehensive Guide to Form 940 2015

What is Form: Employer's Annual Federal Unemployment Tax Return?

Form 940, officially known as the Employer's Annual Federal Unemployment Tax Return, is essential for employers in the United States. This form is primarily utilized for reporting the Federal Unemployment Tax Act (FUTA) tax, which helps fund unemployment benefits for workers who have lost their jobs. Understanding Form 940's components is crucial for employers to ensure compliance and avoid potential penalties.

Key components of the form include sections for reporting the total wages subject to FUTA tax, calculating the tax owed, and identifying any adjustments. Accurate data submission is vital, as any errors can lead to complications in filing and may result in fines or delays in benefit distributions for affected employees.

Purpose and Benefits of the Form

The primary purpose of completing the Employer's Annual Federal Unemployment Tax Return annually is to maintain compliance with federal tax regulations. By accurately filling out this employer tax return form, employers not only meet legal requirements but also contribute to the unemployment system, which assists individuals during unforeseen job loss.

Complying with the federal unemployment tax return regulations brings benefits, such as avoiding penalties associated with non-compliance. Additionally, contributing to the Unemployment Trust Fund helps support unemployment benefits, providing a safety net for employees facing job displacement.

Who Needs to File Form?

Not all employers are required to file Form 940. Employers must meet specific eligibility criteria, which include the number of employees and the amount of wages paid. For instance, corporations, partnerships, and sole proprietorships that pay $1,500 or more in wages in any calendar quarter are generally required to file.

Moreover, whether an employer engages in direct compensation for services rendered also influences their obligation to complete Form 940. Understanding these employer eligibility criteria is crucial for proper compliance with IRS regulations.

When and How to File Form

Employers should be aware of the key deadlines for submission of Form 940, which is typically due on January 31 of the following year. Failure to file on time can result in penalties, including fines based on the amount of unpaid tax or late submission. It is advisable to file early to avoid these consequences.

Employers can choose from various methods for filing, including online submission through the IRS website or traditional paper filing. Each method has its advantages; for example, online filing can provide immediate confirmation of receipt.

How to Fill Out Form: Step-by-Step Guide

Completing Form 940 requires a systematic approach to ensure accuracy. Here’s a step-by-step breakdown:

Gather necessary business information, including your Employer Identification Number (EIN).
Report total taxable wages paid to employees, ensuring all figures are accurate.
Calculate adjustments for any overpayments or exemptions.
Determine the total FUTA tax liability and complete the form sections thoroughly.
Review the completed form for any common errors, such as miscalculations or incorrect EINs.

Following these steps can aid in ensuring the accuracy and completeness of your submission.

Digital Signing and Notarization of Form

Form 940 has specific signing requirements to validate its submission. Employers may choose between digital and wet signatures, each carrying its own legal standing. Digital signatures can streamline the submission process, allowing for quick filing and reduced paper use.

In certain instances, notarization might be necessary, particularly if specified in particular IRS guidance. If you choose to utilize digital signing, pdfFiller offers tools for electronically signing documents securely and efficiently.

Security and Compliance Considerations

When filing Form 940, employers must prioritize data protection to ensure compliance with privacy regulations such as HIPAA and GDPR. Security measures implemented by services like pdfFiller, which includes 256-bit encryption, can safeguard sensitive information during the submission process.

Employers should remain vigilant about the importance of keeping confidential data secure while filing, as breaches can lead to significant legal liabilities and penalties.

What Happens After You Submit Form?

After submitting Form 940, employers can expect a confirmation from the IRS regarding receipt of the form. Options are typically available for tracking your submission to monitor processing status. It is advisable to keep this confirmation as a record.

If the form is rejected, employers should be prepared to follow corrective measures. This may involve responding to IRS notifications promptly and providing additional documentation as requested.

Utilizing pdfFiller for Your Form Needs

Employers can significantly benefit from using pdfFiller for completing Form 940. This platform simplifies the process by offering fillable fields, eSignature capabilities, and a user-friendly interface.

Key features of pdfFiller include enhanced security protocols ensuring user data safety, as well as tools for easy document management and filing. Utilizing pdfFiller can lead to a smoother experience when preparing and submitting the Employer's Annual Federal Unemployment Tax Return.

Last updated on Mar 29, 2016

How to fill out the Form 940 2015

1.

To access the Form 940 2015 on pdfFiller, go to the pdfFiller website and use the search bar to find 'Form 940 2015.' Click on the form to open it within the pdfFiller interface.
2.

Navigate through the form using the toolbar. Use the cursor to click on each field you need to complete. Input your Employer Identification Number (EIN) and other required business details accurately.
3.

Before starting to fill in the form, gather necessary information such as your tax liability calculations, taxable wages paid, and records of adjustments if applicable.
4.

Carefully review each section of the form for accuracy. Verify all figures and information entered to prevent errors.
5.

Preview the completed form on pdfFiller to ensure that all fields are filled correctly. Double-check your entries and make any corrections if needed.
6.

Once you have finalized the form, save your work using the save button. You can download the form to your device or submit it directly through pdfFiller if you opt for electronic filing.

FAQs

If you can't find what you're looking for, please contact us anytime!

Contact Support

Who is eligible to file Form 940?

Any employer in the U.S. who pays wages subject to the Federal Unemployment Tax Act (FUTA) is required to file Form 940. This includes businesses with employees earning above a certain threshold.

What is the deadline for submitting Form 940?

Form 940 must generally be filed annually by January 31 of the following year. Employers who deposit their FUTA tax on time may have until February 10 to file.

How do I submit Form 940?

You can submit Form 940 either electronically through IRS e-filing or by mailing a paper form to the appropriate address listed by the IRS. Ensure you keep a copy for your records.

What supporting documents are required with Form 940?

While no additional documents are required to be submitted with Form 940, employers should maintain records of wages and tax payments, which may be requested for verification by the IRS in the future.

What are common mistakes to avoid when completing Form 940?

Common mistakes include miscalculating the taxable wages, failing to sign and date the form, and submitting after the deadline without a valid reason. Always double-check all entries.

How long does it take to process Form 940?

Processing times for Form 940 can vary. Generally, if filed electronically, it can take around 2-3 weeks. Paper submissions may take longer due to mail delays.

Can I amend a submitted Form 940?

Yes, if you discover an error after filing Form 940, you can amend it using Form 940-X, which corrects errors for previously filed Form 940. Follow IRS guidelines for amendments.