Get the free 11234Y98 1998 Form 940

Main Menu Form Product Index 940 Department of the Treasury Internal Revenue Service (98) Find Word Search Products IRS CD Help OMB No. 1545-0028 Employer s Annual Federal Unemployment (FTA) Tax Return

How to fill out 11234y98 1998 form 940

Instructions on how to fill out 11234y98 1998 form 940:

1. Begin by providing your employer identification number (EIN) at the top of the form. This is required information and helps identify your business.
2. Next, fill in your business or employer name and address. Make sure to use the correct legal name and mailing address.
3. Now, you need to report the amounts of your federal income tax liability for the year. Enter the total amount on line 1.
4. Proceed to line 2 and report any adjustments you have for the year. This can include any credits or reductions in your tax liability.
5. On line 3, subtract the adjustments from the total federal income tax liability.
6. If you made any deposits during the year, enter the total amount on line 4. Deposits can regularly be made using the Electronic Federal Tax Payment System (EFTPS).
7. Move on to line 5 and report any applicable allowed credits, such as the COBRA premium assistance credit.
8. Once you have subtracted the credits and deposits from the adjusted tax liability, enter the amount on line 6.
9. Line 7 requires you to calculate your balance due or overpayment. If the amount on line 6 is larger than the amount on line 3, you have an overpayment. If it is smaller, you will have a balance due.
10. If you have a balance due, make sure to include your payment with the form. Write your EIN, tax form (940), and the tax period on your check or money order.
11. Finally, sign and date the form to certify its accuracy and completeness.

Who needs 11234y98 1998 form 940?

1. Employers who paid wages of $1,500 or more to their employees during the calendar year or had one or more employees for part of a day in any 20 or more different weeks in the calendar year are required to file Form 940.
2. Any business that has federal income tax withheld from nonpayroll payments or pays wages to household employees (if the payments are $1,000 or more in a calendar quarter or $2,000 or more in a calendar year) must also file Form 940.
3. Agricultural employers who paid cash wages of $20,000 or more to farmworkers during the year or had 10 or more farmworkers for a portion of a day in each of 20 different calendar weeks in the year are also required to file this form.

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What is 11234y98 form 940?

11234y98 form 940 is the Employer's Annual Federal Unemployment (FUTA) Tax Return.

Who is required to file 11234y98 form 940?

Employers who pay wages of $1,500 or more in any calendar quarter, or have one or more employees for at least some part of a day in any 20 or more different weeks in the current or preceding calendar year.

How to fill out 11234y98 form 940?

The form can be filled out manually or electronically, providing information about the employer, wages paid, FUTA tax owed, and any adjustments.

What is the purpose of 11234y98 form 940?

The purpose of 11234y98 form 940 is to report the amount of federal unemployment tax owed by the employer for the year.

What information must be reported on 11234y98 form 940?

Information such as employer details, total wages paid, FUTA tax owed, adjustments, and any other required information.