FAQs on Form 94x Series

What is the purpose of Form 940?

Form 940 is used to report the annual Federal Unemployment Tax Act (FUTA) tax. In conjunction with state unemployment tax systems, the FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs.

Related Questions

Who Must File Form 940?

When Must You File Form 940?

What is the penalty for failing to file Form 940?

How Do I E-file Form 940 with TaxBandits?

Who is exempt from paying FUTA tax?

Last modified 05 Jan 2018 05:01 EST

Success Starts with TaxBandits

The Smart Business Owners Choice