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City of Los AngelesBOARD BUILDING AND SAFETY
COMMISSIONERSCALIFORNIA
DEPARTMENT BUILDING AND SAFETY AMBATIELOS201 NORTH FIGUEROA STREET
LOS ANGELES, CA 90012wPRESIDENTE. FELICIA BRANNONDIVICE PRESIDENTFRANK
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What is 201 fig rm 940?
Form 940, also known as the Employer's Annual Federal Unemployment (FUTA) Tax Return, is used by employers to report their annual Federal Unemployment Tax Act (FUTA) tax liability.
Who is required to file 201 fig rm 940?
Employers who pay wages of $1,500 or more in any calendar quarter or who have at least one employee for at least some part of a day in any 20 or more weeks in a calendar year are required to file Form 940.
How to fill out 201 fig rm 940?
To fill out Form 940, employers should report federal unemployment taxes owed, report total wages subject to FUTA, claim any credits for state unemployment taxes paid, and ensure all figures are accurate before submitting the form to the IRS.
What is the purpose of 201 fig rm 940?
The purpose of Form 940 is to report and pay the FUTA tax, which funds unemployment compensation programs at the federal level.
What information must be reported on 201 fig rm 940?
On Form 940, employers must report total payments made to employees, any adjustments for state unemployment taxes, and the net FUTA tax liability.
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