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Get the form 940 for 2011 - irs

Schedule A (Form 940) for 2011: Multi-State Employer and Credit Reduction Information Department of the Treasury -- Internal Revenue Service -- 860311 OMB No. 1545-0028 Employer identification number
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Who files Schedule A (Form 940)?

An employer must file Form 940 if it

  • paid wages of $1,500 or more to employees in any calendar quarter during 2015 or 2016, or
  • had one or more employees for at least some part of a day in any 20 or more different weeks in 2015 or 20 or more different weeks in 2016. All full-time, part-time, and temporary employees should be counted.

For 2016, there are credit reduction states. If the employer paid any wages that are subject to the unemployment compensation laws of a credit reduction state, its credit against federal unemployment tax will be reduced based on the credit reduction rate for that credit reduction state. The employer uses Schedule A (Form 940) to figure the credit reduction.

If the employer is a multi-state employer, it must check the box on line 1b of Form 940, fill out Schedule A and attach it to your Form 940.

What is the Purpose of Schedule A (Form 940)?

Employers use Form 940 for the purpose of reporting the 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. Don't collect or deduct FUTA tax from your employees' wages.

The FUTA tax applies to the first $7,000 paid to each employee during a calendar year after subtracting any payments exempt from FUTA tax.

When is Schedule A Due?

The due date for filing Form 940 for 2016 including Schedule A is January 31st, 2017. If you deposited all your FUTA tax when it was due, you may file Form 940 until February 10th, 2017.

How do I Fill out Schedule A?

Step 1. Place an “X” in the box of every state where you had to pay state unemployment taxes this year, even if the state's credit reduction rate is zero.

Step 2. In the FUTA Taxable Wages box, enter the total FUTA taxable wages that you paid in that state. (The FUTA wage base for all states is $7,000.) Do not include in the FUTA Taxable Wages box wages that were excluded from state unemployment tax.

Step 3. To calculate the total credit reduction, add up all of the Credit Reduction boxes and enter the amount in the Total Credit Reduction box. Finally, enter the total credit reduction on Form 940, line 11.

Where do I Send Schedule A?

The IRS Instructions for Form 940 contain addresses where you can send Form 940 and Schedule A attached to it. You can find the instructions at https://www.irs.gov/pub/irs-pdf/i940.pdf

Welcome back to another video for harbor financial online com today I'm going to be talking about the 940 form instructions i'm going to show you guys if you need to fill out this form and how to powerful so the 940 it's used to report your annual federal unemployment tax known as fuedeh the purpose of the few attacks is to provide funds for paying unemployment compensation to workers that have lost their jobs employers pay few detects and don't deduct this tax from their employees wages you have to file the 940 form if in a calendar year you paid wages of 1500 or more so if you're under this 1500 threshold you don't have to file the form 940 at our site Harbor financial and lime com you can use an online calculator to estimate what your taxes are going to be and this is a great free tool that we offer at our site that you may want to check out after the video now the rules for the 940 are different based on your situation and the number of employees you may have some of these special situations can include household employees in a private home employees at a local college fraternity or sorority cash wages paid to farm workers Indian tribal governments tax-exempt organizations in employment employers of state and local government employees those are the special situations where that 940 rules are a little bit different even though form 940 covers a calendar year you may have to deposit your Feud attacks before you file your tax return so keep that in mind you're going to have to file this form I guess what I want to touch on here is you're going to have to deposit at least one quarterly payment if you're few to taxes more than 500 for the year so you have to make at least a deposit in one quarter if you're a few to tax is more than 500 for the year make sure you pay your text when it's due and file the completed 940 with accuracy and make sure it's set in on time there are penalties and interest so it's very important that this is sent in and postmarked on the right date fuedeh puts a 6.2 tax on the employer for the first seven thousand of gross earnings of each worker per year so it's a 6.2 tax percent tax once the 7,000 amount is reached then the employer no longer pays any federal unemployment tax for that worker so once you get up to the 7,000 then you do not have to pay any more on that employer on that employee remember that the only the only thing the employer pays is the federal unemployment taxes and it is not paid by the employee or taken out of their check the employer is paying this paying this amount the employee does not pay any of it fuedeh is separate from federal income tax Social Security and Medicare taxes so this is a separate tax it really has nothing to do with those on our site Harbor financial online you can view the form 940 I'm going to take you to the 940 right now and then I'll show you the site as well so they bring that up for us this is the 940 you can do this form completely online electronic so that's how I'm...
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