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943 Employers Annual Federal Tax Return IRS Tax Forms

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943 Employers Annual Federal Tax Return IRS Tax Forms

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Instructions and help about 2021 form 943

we'll be going over IRS form 940 which is the employer annual federal unemployment tax return federal unemployment tax also known as futa uh we'll go over this form uh the form the document is four pages long but the tax return itself is actually uh just two pages there's some wrote instructions on the back for the payment voucher if you choose to use that that's pretty straightforward uh so uh what we'll do is we're going to go over briefly how unemployment tax works and then we'll get down to the form itself so uh basically the federal government uh employs an unemployment tax or utilizes an unemployment tax to pay to help pay compensation to workers that are out of work so uh however the federal unemployment tax is coordinated with State unemployment tax so that you're not paying both at the federal level and at the state level you're paying one tax but you do have to go through some uh less than a parent steps

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