IRS Form 940 Update: Employer’s Annual Federal Unemployment (FUTA) Tax Return – OnDemand

$219.00

Learn how to properly complete and report the IRS Form 940 as per IRS requirements.

IRS Form 940 is used for annual reporting of federal unemployment taxes. Every employer must report and pay unemployment taxes by setting aside an amount and reporting it in Form 940. This topic will provide you with details on what employers and earnings that are subject to unemployment taxes, as well as review your FUTA tax liabilities for 2019. You will learn how to properly complete and report the IRS Form 940 as per IRS requirements. We will review the updates that have occurred on the Form 940 and how to avoid common mistakes. Learn how to properly calculate, report, and remit FUTA taxes, as well as how to verify what payments were made by a third party on your behalf.

Learning Objectives

  • You will be able to review tax rate and wage base.
  • You will be able to discuss the employer’s responsibility for filing Form 940.
  • You will be able to explain how to complete Form 940.
  • You will be able to describe other Form 940 considerations.