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Form 940 is provided by employers to the Feds and reports the amount of FUTA (Federal Unemployment Tax) that they must pay for their employees. The detail shows which employees (by SS # of course) are included for what amounts of FUTA taxable income. FUTA Taxable income is different than other types of taxable income by an assortmetn of things....different to FICA taxable income most importantly by it not having a maximum amount that contributions stop after (FICA stops after 97.5K (102K in 2008) of income, FUTA doesn't). So, how exactly the government or it's computers (most employers are required to file this electronically), use the form or the information on the form, and the payment that must have been made it represents....other than generally to calculate and fund the Federal portion of unemeployment insurance coverages....?

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Q: What is Form 940 used for in the IRS?
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Related questions

Address to mail IRS form 940?

940 Illinois resident where to mail


What is the address to mail the IRS form 940?

Because it depends on your location, please check the following website to find where to mail your IRS form 940.


What is the 'Form 940' used for?

The Form 940 is provided by employers to the IRS to report the amount of FUTA ( Federal Unemployment Tax) that they must pay for their employees. It shows which employees are considered for what amounts of tax incomes.


Which form is used to report wage fit social security and medicare taxes to the IRS and how often is it filed?

1099-G or Form 940 - Yearly


What form is used to report futa tax liability?

IRS Form 940 Employer's Annual Federal Unemployment (FUTA)Go the IRS.gov web site and use the search boxClick on the below Related Link


Can Form 940 be used to file a amended return?

Yes


What is IRS form 2253?

IRS 2253 is the form used to apply for S corporation status


Where do you file form 940?

where do pa residence file form 940


How often to you file form 940?

Form 940 (FUTA) Is filed annually, It is typically due the 31st of January although if you are going to make a full deposit of all FUTA withholdings due you can make that payment as early as the 10th of January. Generally the IRS doesn't even print the form until September.


What is form 940 used for and when must it be filed?

Federal Unemployment Quarterly


Address for mailing 940 and 941 IRS forms?

box 105083 Atlanta, Ga30348-5083


Where can I find IRS Tax Form W9?

One can find IRS Tax Form W9 at the online IRS website. All tax forms are available at this site, as well as instructions on how and when each form is to be used.