The deadline to File Form 940 is January 31st, 2020.

E-File Form 940 Online for 2019!

Why TaxBandits for Form 940 Filing?
  • 1. Accurate & Error-Free Filing
  • 2. Quick Processing & Instant IRS Approval
  • 3. Save your Time and Money
  • 4. Record Keeping for up to 7 years
Why TaxBandits for Form 940 Filing?
  • 1. Accurate & Error-Free Filing
  • 3. Save your Time and Money
  • 2. Quick Processing & Instant IRS Approval
  • 4. Record Keeping for up to 7 years

We value our customers. Hear from them.

What information is required to file Form 940 online?

  • Business name and EIN (Employer Identification Number)
  • Total payments to all employees
  • Adjustments for state exclusions (if applicable)
  • FUTA tax and balance due or overpayment
  • FUTA liability deposits

It takes only 5 minutes to File your Form 940
How to E-File Form 940 for 2019 with our Software?

Create an account

Enter Form Information

Review the Form

Transmit to the IRS

Are you ready to prepare your Form 940? Get started with TaxBandits and easily file Form 940 for 2019 tax year or even 2018.
Start Filing Now

Only Pay When You’re Ready to Transmit to the IRS

Form 940 Pricing

Form Type Pricing
  • Form 940
  • Form 940-PR
$4.95 / return

Pricing includes:

  • Form Schedule A
  • Form 8453-EMP
  • Form 940-V/940-V(PR)
Start E-Filing Now
Only Pay When You’re Ready to Transmit to the IRS

Frequently Asked Questions

What is Federal FUTA Tax Form 940?

Form 940 is the Employer’s Annual Federal Unemployment (FUTA) Tax Return. The FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs. Only employers pay FUTA tax and it is not deducted from their employees’ wages.

Employers must pay a tax rate of 6% on the first $7000 that each employee makes. If state unemployment taxes (SUTA) can be paid on-time, the FUTA tax can be reduced to 0.6 percent.

What is a Credit Reduction State?

A state that has not repaid money that it borrowed from the federal government to pay unemployment benefits is considered a credit reduction state.

Credit against federal unemployment tax will be reduced for a state based on the credit reduction rate. Use Schedule A (Form 940) to calculate the credit reduction.

What are the penalties for not filing Form 940 on time?

Failure to file Form 940 by the deadline will result in a 5% penalty of the tax due. This amount will accrue on a monthly basis until the amount owed is paid in full. The IRS will also penalize you for making a late payment or for not paying the full amount you owe. You will be charged 2-15% of the unpaid tax depending on how many days your payment is late. Learn More

When is Form 940 E-Filing Deadline for 2019 Tax Year?

The deadline to File Form 940 is January 31st, 2020.

Form 940 Resources

FAQs

Check Now

Blog

Read Now

Help Videos

Watch Now

Success Starts with TaxBandits

The Smart Business Owners Choice