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 Form 940 Employer's Annual Federal Unemployment FUTA Tax Return 2024-2025

940 2024-2025 Form

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Video instructions and help with filling out and completing Form 940 Employer's Annual Federal Unemployment FUTA Tax Return

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Instructions and help about irs form 940

in this presentation we will take a look at form 940. 940 is going to be the annual federal unemployment or the futa tax return so the 940 is going to be something that is going to be an annual return as it says here and it's really just reporting the futa now you might think these these numbers are so close to each other the 940s which are the quarterly returns and the 940 ones that one they're easy to get mixed up for that reason remember that the 941s for whatever reasons are the quarterly returns and the 940 is kind of like the yearly return the other thing that's confusing about them is one because numbering is so close and and two just because they're both payroll tax forms it's easy to think that the the 940 or the year-end form is going to sum up in some ways um the payments that have been recorded or the types of taxes that are on the 941s but that's not exactly the case the 940 reports a completely different federal income tax w

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