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City of Myrtle Creek207 NW Pleasant, P.O. Box 940, Myrtle Creek, OR 97457 Phone 5418633171, Fax 5418636851 www.myrtlecreekoregon.orgHANDBOOK FOR CITY COUNCILORSAdopted January, 2007 Revised Jan. 1,

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What is box 940 myrtle creek?

Box 940 Myrtle Creek refers to IRS Form 940, which is used to report annual Federal Unemployment Tax Act (FUTA) tax. This box specifically pertains to employers in the Myrtle Creek area.

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Employers who pay wages of $1,500 or more in any calendar quarter, or have one or more employees for some part of a day in any 20 or more weeks during the current or preceding year, are required to file Form 940.

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To fill out Form 940, employers need to provide their identification information, report total payments made to employees, calculate the FUTA tax owed, and indicate any adjustments. The form should be completed accurately and filed with the IRS.

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The purpose of Form 940 is to report and pay unemployment taxes to the federal government, which fund unemployment benefits for workers who lose their jobs.

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Information that must be reported includes the employer's identification details, total wages subject to FUTA, total tax due, any adjustments, and payment information.

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