How to Fill out IRS Form 940 (FUTA Tax Return)
How to Fill out IRS Form 940 (FUTA Tax Return)

Learn, step-by-step, everything you need to do to file IRS Form 940. Have you paid federal unemployment taxes in the past year? Then you need to fill out IRS Form 940. This form must be filed by businesses with employees to report their obligations under the Federal Unemployment Tax Act—also known as FUTA. For our complete guide, visit: http://bit.ly/2Y7pBhA Our video covers: Who must file and filing deadline (0:14) Providing basic business information (1:00) Part 1: Indicating return type (2:02) Part 2: Determining FUTA tax liability (3:57) Part 3: FUTA tax adjustments (6:49) Part 4: Adjustments to FUTA tax liability (7:36) Part 5: FUTA tax liability by quarter (9:15) Part 6: Third-party designee (9:39) Part 7: Signing and dating the form (9:58) Payment voucher (10:35) Mailing address (10:45) Using payroll software to file Form 940 (10:58) For help filing Form 940, try Gusto Payroll: http://bit.ly/2ydOeJV In this video, we provide a basic overview of how to fill out IRS Form 940. This video is not intended to provide legal advice or to form a professional relationship. We suggest contacting a business lawyer for advice specific to your circumstances. Subscribe to our YouTube channel for more videos on how to help your business succeed! http://bit.ly/2LhY8nb Want to discover what financial options are available for your small business? Using Fundera’s proprietary technology, you can apply for financing with over 30 different lenders with one application, at no cost whatsoever. Get started today: http://bit.ly/2vfz4lZ