Get the free 940-EZ
Show details
This form is used by employers to report and pay their Federal Unemployment Tax Act (FUTA) tax for the year. It includes information about employee wages, taxable amounts, and state contributions.
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign 940-ez
Edit your 940-ez 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 940-ez form via URL. You can also download, print, or export forms to your preferred cloud storage service.
Editing 940-ez online
In order to make advantage of the professional PDF editor, follow these steps below:
1
Set up an account. If you are a new user, click Start Free Trial and establish a profile.
2
Simply add a document. Select Add New from your Dashboard and import a file into the system by uploading it from your device or importing it via the cloud, online, or internal mail. Then click Begin editing.
3
Edit 940-ez. Add and replace text, insert new objects, rearrange pages, add watermarks and page numbers, and more. Click Done when you are finished editing and go to the Documents tab to merge, split, lock or unlock the file.
4
Get your file. When you find your file in the docs list, click on its name and choose how you want to save it. To get the PDF, you can save it, send an email with it, or move it to the cloud.
pdfFiller makes working with documents easier than you could ever imagine. Register for an account and see for yourself!
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 940-ez
How to fill out 940-EZ
01
Obtain the Form 940-EZ from the IRS website or local tax office.
02
Enter your employer identification number (EIN) at the top of the form.
03
Fill in your business name and address in the appropriate sections.
04
Report the total wages you paid to your employees during the reporting year in Part 1.
05
Calculate the total amount of federal unemployment tax (FUTA) owed on those wages.
06
Report any adjustments to your FUTA tax in Part 2 if applicable.
07
Sign and date the form at the designated section.
08
Submit the completed form to the IRS by the deadline.
Who needs 940-EZ?
01
Employers who paid wages of $1,500 or more in any calendar quarter during the year.
02
Employers who had at least one employee working for them for at least a part of a day in any 20 or more different weeks during the year.
Fill
form
: Try Risk Free
People Also Ask about
How do you say 940 in English?
The number 940 in words can be expressed as Nine Hundred Forty.
Am I required to pay FUTA?
Employers must pay FUTA taxes if they pay wages of $1,500 or more to employees during any calendar quarter, or if they have at least one employee on payroll for at least part of the day for 20 weeks or more within a calendar year period.
Why is FUTA taken out of my paycheck?
California employers fund regular Unemployment Insurance (UI) benefits through contributions to the state's UI Trust Fund on behalf of each employee. They also pay Federal Unemployment Tax Act (FUTA) taxes to the federal government to help pay for: Administration of the UI program. UI loans to insolvent states.
Are 940 payments exempt from FUTA tax?
Understanding IRS Form 940 The form is a two-page return listing the total payments to all employees, reduced by any payments exempt from Federal Unemployment Tax (FUTA), such as certain fringe benefits, group term life insurance, and dependent care assistance.
Why is FUTA on my paycheck?
What is the purpose of FUTA taxes? As with all taxes, the goal of FUTA tax is to fund state or federal government spending programs. Specifically, FUTA funds a social welfare program called unemployment insurance, which offers temporary financial assistance to employees who have lost their jobs.
Why is so much federal tax being taken out of my paycheck?
The amount taken out is based on your gross income, your W-4 Form that describes your tax situation for your employer, and a variety of other factors. Other federal deductions pay for Social Security and Medicare, which are part of the federal benefit and health care systems for the aged and other groups.
Who can file an EZ tax form?
Form 1040EZ was a shortened version of Form 1040 for taxpayers with basic tax situations. The form was discontinued as of the 2018 tax year and replaced with the redesigned Form 1040. Form 1040EZ could only be used by people with no dependents who were younger than age 65 and earned less than $100,000 per year.
Who is required to file a form 940?
Each year, every business with employees must file Form 940 to compute the amount of unemployment tax that must be paid on the federal level. This payroll tax is based on the first $7,000 of each employee's wages (including owners of S corporations who receive a salary for work performed for their businesses).
What is Form 940 EZ?
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.
What is 940 EZ?
Use Form 940-EZ to report your annual Federal Unemployment Tax Act (FUTA) tax. FUTA tax, together with state unemployment systems, provides for payments of unemployment compensation to workers who have lost their jobs. Most employers pay both federal and state unemployment taxes. Only the employer pays FUTA tax.
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 940-EZ?
940-EZ is a simplified version of Form 940 used by employers to report their annual Federal Unemployment Tax Act (FUTA) liability.
Who is required to file 940-EZ?
Employers who have paid wages of $1,500 or more in any calendar quarter and have employed at least one person for at least one day in any 20 or more weeks during the year are required to file 940-EZ.
How to fill out 940-EZ?
To fill out 940-EZ, gather your payroll records, complete the form by entering your business information, total wages subject to FUTA, calculate your tax, and sign the form before submitting it by the due date.
What is the purpose of 940-EZ?
The purpose of 940-EZ is to report and pay the federal unemployment tax owed by employers to fund unemployment compensation programs.
What information must be reported on 940-EZ?
Information that must be reported on 940-EZ includes your employer identification number, the total number of employees, total wages paid, and the calculated FUTA tax for the reporting year.
Fill out your 940-ez 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.
940-Ez 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.
