Fillable Form 940 for 2023: Create, Efile, and Print Forms Instantly

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Schedule A (Form 940)

Schedule A (Form 940)

TaxBandits supports Schedule A (Form 940). Easily complete and transmit it directly to the IRS to report your unemployment tax payment or credit reduction information.

94x Online Signature PIN

94x Online Signature PIN

The IRS requires you to sign your form with an Online Signature PIN when filing your Form 940. Apply for an Online Signature PIN through TaxBandits for FREE.

Form 8453-EMP

Form 8453-EMP

If you don't have an Online Signature PIN, don't worry! You can always use Form 8453-EMP to e-sign your Form 940 through TaxBandits.

Prior-Year Tax Filing

Form 940-V Payment

Do you have a balance due to the IRS? We automatically generate the Payment Voucher (Form 940-V) for you to settle your account.

Create a Printable Form 940 in a Few Simple Steps

Create Printable Form 940 using our Form 940 Generator

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Frequently Asked Questions

What is Form 940?

Form 940 is the Employer’s Annual Federal Unemployment (FUTA) Tax Return. The purpose of this form is to report Federal Unemployment Tax Act (FUTA) taxes to the IRS.

The FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs. Only employers pay FUTA tax, it is not deducted from their employees’ wages.

Click here to learn more about What is Form 940.

How to fill out Form 940?

Form 940 requires the following information:

  • Business Details: Name, EIN, and Address
  • Total payments to all employees
  • Adjustments for state exclusions (if applicable)
  • FUTA Tax
  • Balance Due or Overpayment
  • FUTA liability deposits

When is Form 940 Due?

Form 940 is due by January 31, 2024. However, if you deposited all FUTA tax when due, you have until February 10 to complete your 940 filing.

Learn more about Form 940 due date.

Sign up with TaxBandits today to e-file Form 940 before the deadline and avoid any unnecessary penalties.

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 the 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.

For the tax year 2023, the 940 Form credit reduction rate for California, New York is 0.6% and for the U.S. Virgin Islands is 3.9%. Learn More

What are the penalties for late filing of form 940?

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.

Click here to find out more information on 940 penalties

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