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 …

Run a Payroll Summary report for the Form 940 filing period and note the amounts for the payroll items with the matching tax tracking types. To run a Payroll Summary report, go to the Reports menu, …

Jan 7, 2026 · Form 940 is an IRS document filed by employers once a year to report their Federal Unemployment Tax Act (FUTA) tax liability. Unlike other federal payroll taxes — such as Medicare …

2 days ago · Learn how to file IRS Form 940 correctly, including how to calculate your FUTA tax, meet deposit deadlines, and avoid penalties for late filing.

When would you need to file a 940? If you paid wages of $1,500 or more to employees, and/or had employees for at least 20 weeks in the year, you may need to file a 940.

Aug 17, 2022 · IRS Form 940 reports federal unemployment taxes. Find out who must file, when to file, and the basics of completing the form.

Oct 25, 2024 · Filing Form 940 is crucial for small businesses. Learn about what Form 940 is, the filing process, deadlines, and more with Paychex.

May 1, 2024 · In this guide, we’ll give you an overview of Federal Unemployment Tax Act (FUTA) taxes and walk you through the steps to properly complete Form 940 for your small business.

Jan 28, 2026 · Form 940, or the Employer’s Annual Federal Unemployment Tax Return, is a mandatory tax document employers use to report and remit their Federal Unemployment Tax Act (FUTA) taxes …

Feb 25, 2026 · What is Form 940? Form 940 is an annual tax form that documents your company’s contributions to federal unemployment taxes. It’s based on the Federal Unemployment Tax Act …