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Form 940 (Spanish Version)

  1. Country USA
  2. Language Spanish
  3. Activity Taxes
  4. Department Internal Revenue Service
Form 940 (Spanish Version)

Employer's Annual Federal Unemployment (FUTA) Tax Return (Spanish Version)

Rev. 2023

The following instructions detail how to complete and submit Form 940, which is used by employers to report annual unemployment tax. Employers are required to file this form if they paid wages of $1,500 or more in any quarter during the year or employed 1 person for some portion of a day in 20 or more different weeks in a calendar year. The instructions cover topics such as completing Parts 1 and 2, calculating the total tax liability, and submitting the form with payment.

Instructions

FAQ
  • What happens if the Form 940 is filed late or not at all?

    Penalties can apply if the Form 940 is filed late or not at all, and additional taxes may be due. It's important to submit it on time to avoid any penalties.

  • Can a third party sign the Form 940 on behalf of a business entity?

    In most cases, a third party cannot sign the Form 940 on behalf of a business entity. It must be signed by an officer or employee authorized by the entity.

  • Who must file Form 940?

    Employers who paid wages of $1,500 or more in any quarter during a calendar year or had one or more employees for some part of a day in 20 or more different weeks during the year are required to file Form 940.

  • What happens if I fail to file Form 940?

    Failure to file Form 940 on time can result in penalties and interest charges.

  • What is the purpose of Form 940?

    Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, is used to report and pay taxes under the Federal Unemployment Tax Act.

  • What information must be provided for the Form 940 for a state other than California?

    Businesses operating in states outside of California need to provide their State Identification Number (SID) in Section B. The SID is typically issued by the state's tax agency.

  • What information must be provided for the Form 940 for a state other than California?

    Businesses operating in states outside of California need to provide their State Identification Number (SID) in Section B. The SID is typically issued by the state's tax agency.

  • What information is needed to complete Form 940?

    To complete Form 940, you will need your Employer Identification Number (EIN), total wages paid to employees during the year, total wages subject to tax in each quarter, and any adjusted amounts due for previous quarters.

  • What is the deadline to file Form 940?

    The deadline to file Form 940 for an employment tax year ending on December 31 is January 31 of the following year if filing electronically or February 28 (if paper filing) if you are filing on a magnetic media. If requesting an extension, the due date is March 31.

  • Who is responsible for signing the Form 940 as a representative of a sole proprietorship?

    The president, vice president, or another officer who is authorized to sign on behalf of the sole proprietorship can sign the Form 940.

  • What type of entity should use Form 940 for employment taxes?

    A corporation, LLC, or partnership must use Form 940 to report employment taxes.

  • Is electronic filing an option for submitting the Form 940?

    Yes, electronic filing is available as an option to submit the Form 940, and it's recommended for businesses that meet certain requirements.

  • What is the purpose of Form 940?

    The purpose of Form 940 is to report employment taxes paid during a given calendar year, such as Medicare and Social Security taxes. It's also used for other purposes like reporting tips or claiming refundable credits.

  • What information must be provided for the Form 940 for a state other than California?

    Businesses operating in states outside of California need to provide their State Identification Number (SID) in Section B. The SID is typically issued by the state's tax agency.

  • How can businesses claim refundable credits on the Form 940?

    Businesses can claim refundable credits by entering the amount of tax owed, and then entering the credit in Section C. The most common credit is the R&D credit.

  • What is the deadline for submitting the Form 940 to the IRS?

    The deadline for submitting the Form 940 is usually the last day of February, but it can vary depending on the state where the business operates.

  • What information must be provided in Section 6011 of the Form 940?

    Section 6011 requires providing the total wages paid, tips received, and other compensation for the calendar year. It also includes the amount of Medicare taxes and Social Security taxes.

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ABOUT

Tax forms

Form 940 (SP) is one of Tax forms that are documents used to report information about an individual's or business's income, deductions, and tax liability to the relevant tax authority. These forms are necessary to comply with tax laws and fulfill tax obligations. Tax forms vary depending on the country and the specific tax requirements in place. Here are some common types of tax forms:

Individual Tax Forms: These forms are used by individual taxpayers to report their personal income and claim deductions, credits, and exemptions. Examples include the 1040 form in the United States or the Self-Assessment Tax Return form in the United Kingdom.

Business Tax Forms: Business tax forms are used by companies, partnerships, or self-employed individuals to report their business income, expenses, and other tax-related information. Examples include the Schedule C form (Profit or Loss from Business) in the United States or the CT600 form (Company Tax Return) in the United Kingdom.

Payroll Tax Forms: These forms are used by employers to report the wages, salaries, and taxes withheld from their employees' paychecks. Examples include the W-2 form in the United States or the P60 form in the United Kingdom.

Sales Tax Forms: Sales tax forms are used by businesses to report and remit sales tax collected on taxable goods or services. The specific sales tax forms vary by jurisdiction.

Value Added Tax (VAT) Forms: VAT forms are used in countries that impose a value-added tax to report and remit VAT collected on sales and claim VAT credits for purchases. Examples include the VAT return forms used in many countries.

Estimated Tax Forms: Estimated tax forms are used to report and pay estimated taxes on income that is not subject to withholding, such as self-employment income or investment income.

These are just a few examples of the numerous tax forms that may exist. The specific forms required depend on the tax laws and regulations in your country or jurisdiction. It is important to consult the tax authority's guidelines or seek professional advice to determine which forms are applicable to your situation.

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