Get the free 940 payment voucher

Form 940 Department of the Treasury Internal Revenue Service (99) OMB No. 1545-0028 Employer’s Annual Federal UnemploymentFTATA) Tax Return ? 1998 See separate instructions for information on completing

How to fill out 940 payment voucher

How to fill out 940 payment voucher:

1. Obtain the Form 940 payment voucher from the Internal Revenue Service (IRS) website or your local tax office.
2. Fill in your name, address, and employer identification number (EIN) at the top of the voucher.
3. Enter the tax period for which the payment is being made. This is typically the calendar year-end.
4. Calculate the total amount of federal unemployment tax (FUTA) owed based on your taxable wages and the current tax rate.
5. Write the amount of FUTA tax due in the designated box on the voucher.
6. If you made deposits throughout the year, subtract the total amount of FUTA tax already paid from the amount due and write the difference in the "Amount to be Applied" box.
7. If you overpaid FUTA tax and wish to apply the excess to the next quarter or request a refund, indicate your preference in the appropriate box.
8. Sign and date the voucher.
9. Make a copy of the voucher for your records before submitting it along with your payment to the IRS.

Who needs 940 payment voucher:

1. Employers who are liable for FUTA tax need to use the 940 payment voucher.
2. This includes businesses that paid wages of $1,500 or more in 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.
3. If you're unsure whether you need to file Form 940 and use the payment voucher, consult the IRS guidelines or seek assistance from a tax professional.

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What is 940 payment voucher?

The 940 payment voucher is a form used by employers to report their annual federal unemployment tax liability.

Who is required to file 940 payment voucher?

Employers who pay wages to employees are generally required to file the 940 payment voucher.

How to fill out 940 payment voucher?

To fill out the 940 payment voucher, employers need to provide information such as their employer identification number, total wages paid, taxable wages subject to federal unemployment tax, and any payments made towards the tax liability.

What is the purpose of 940 payment voucher?

The purpose of the 940 payment voucher is to report and pay the federal unemployment tax liability to the Internal Revenue Service (IRS).

What information must be reported on 940 payment voucher?

The 940 payment voucher requires employers to report their employer identification number, total wages paid, taxable wages subject to federal unemployment tax, and any payments made towards the tax liability.