Obrazac 940

What Information Should You Have Hand Before Starting Form 940?

Have the following information handy before you start filing Form 940:

- Employer Identification Number (EIN)

- Total wages paid to employees during the past year

- State unemployment tax rate for the current year

- Amounts of taxes due and overdue under the FUTA law

- Number of hours worked in covered employment during a base period

Where Should You File Form 940?

You can't file Form 940 online. Instead, mail it to:

Internal Revenue Service,

Tax Forms and Publications Division,

1111 Constitution Ave. NW,

IR-6526,

Washington, DC 20224

What Are the Taxes Covered By Form 940?

Form 940 covers taxes for:

- The Federal Unemployment (FUTA) tax program

- Additional unemployment taxes administered by states and U.S. territories and commonwealths

How Long Do You Need to Keep Records Relating to Form 940?

Keep records related to Form 940 as long as their contents may be material in the administration of any Internal Revenue law.

Who Should File Form 940?

Employers, including state agencies and U.S. commonwealths and territories, should file Form 940.

When Should You File Form 940?

File Form 940 by January 31st of the following year.

What Is Form 940?

Form 940 is the Employer's Annual Federal Unemployment (FUTA) Tax Return. It is used to figure and collect the right amount of taxes owed by employers under the Federal Unemployment Tax Act.