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940

Form 940 is an annual report of FUTA (Federal Unemployment Tax Act) taxes paid by employers to the IRS.

What is a 940?

Form 940 is an annual report of FUTA (Federal Unemployment Tax Act) taxes paid by employers to the IRS. This provides funds (in conjunction with state unemployment tax systems) to pay unemployment compensation to workers who have lost their jobs.

Why do I file 940?

940 forms must be filed to ensure that you are complying with government rules and regulations. Penalties and interest can be incurred by the employer for not properly filing 940 forms.

Who needs to file 940?

Employers that answer yes to either of the questions below have to pay on the first $7000 of wages paid to each employee. See the official IRS instructions.

  • Did you pay wages of $1,500 or more to employees in any calendar quarter during 2016 or 2017?
  • Did you have one or more employees for at least some or part of a day in any 20 or more different weeks in 2016 or 20 or more different weeks in 2017? Count all full-time, part-time, and temporary employees.

How do I get a 940 PIN?

The IRS requires a PIN number to e-file 940 forms. Apply for one directly through Yearli for free! Simply log-in or create an account, then go to the "Start New Forms" area within Your Filing Home. From there, you can then follow the steps to complete the Employer PIN Application.

What to report

  • Wages paid
  • Adjustments for state exclusions (if applicable)
  • FUTA liabilities by quarter
  • FUTA liabilities deposits
  • EIN (Employer ID Number)
  • PIN (Personal ID Number)

Supported 94X Forms

We've made it easy to file your 94X forms. Simply create a Yearli account, enter or import your data, review your data and checkout. It's that easy. Yearli will file your forms to the IRS, applicable state agency and send copies to your recipients.

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David US Weiss | August 15, 2022
Quick, dependable and intuitive
Michelle B McKinney | August 8, 2022
Easy way for a small business to file it's payroll tax reports.
Armen Avedian | August 8, 2022
Easy process, reasonable price
Stephen Rosen | August 6, 2022
user friendly, perfect tool
Dennis Yoder | August 2, 2022
Site is extremely easy to use, makes filing the standard quarterly tax returns a breeze!
ROGER JOHLE | August 1, 2022
CUMBERSOME - timed out in process of submitting form
Bevi Chagnon | August 1, 2022
Your online system did not work correctly. Numerous problems. — wouldn't let me supply a new credit card. session timed out. had to resubmit. — wouldn't let me list the tax payments for the quarter, so the form says we still owe tax. Form field wouldn't change from "0.00 tax payments". This is going to trigger problems with IRS, probably penalties and interest. Why in the world would you do this to your customers? — It created duplicate forms. I never started over, just went back to page 1 to correct an error. And some of the data I had entered disappeared. (And yes, i had clicked save.) What a horrible experience.
'Donald' 'Wise' | July 31, 2022
first time user and it was very difficult
'Joan' 'Merlo' | July 30, 2022
site was hard to follow
Theresa A Collins | July 29, 2022
would highly recommend
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