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Fillable 940 Form for Online Filing

The 940 Form, also known as the Employer's Annual Federal Unemployment (FUTA) Tax Return, is a form used by employers to report their annual federal unemployment taxes. This form is used to report the total amount of wages paid to employees and the employer's share of the FUTA tax. The form must be filed annually, usually by January 31st of the following year.

Why fill in 940 form online?

In recent years, the IRS has made it possible for employers to file the 940 Form online, which offers several advantages over paper filing:

  • One of the key features of the online version is the ability to file the form electronically, eliminating the need to mail a paper copy. This can save both time and money for employers and reduce the risk of errors when manually filling out a paper form.
  • Another advantage of using the online version is accessing the form from anywhere with an internet connection. This is particularly beneficial for employers who may not have a physical office or for those who travel frequently.
  • Additionally, employers can access the form 24/7 and file at their convenience, as the online version is always available.

Filing instruction

To file the 940 Form online, employers must create an account with the IRS e-file program. This can be done by visiting the IRS website and selecting the "E-file Your 940 Form" option. Once the account has been created, employers can access the form, fill it out, and submit it electronically. The IRS will then process the form and send the employer any necessary correspondence or payment instructions.

In addition to the online version, employers can file the 940 Form by mail or through a third-party provider. However, it's important to note that the online version is the most efficient and secure way to file the form. The online version also allows for immediate confirmation of receipt and to check the status of the form at any time. It's also a good idea for employers to keep a copy of the form for their records in case it's needed for future reference.

Overall, the 940 form is an important document for employers to file to report their annual federal unemployment taxes. The online version of the form offers several advantages over paper filing, including the ability to file electronically, access the form from anywhere, and file at any time. Employers should consider using the online version to file the 940 form to save time and reduce the risk of errors.

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Related Forms

  • image Form 940 IRS Form 940 is an annual federal tax form used to report the employer's annual Federal Unemployment Tax Act (FUTA) tax. This form is important as it helps employers accurately report their FUTA tax liabilities and helps ensure they are compliant with federal tax regulations. It is also used to calculate the employer's FUTA tax credits. Filing Form 940 correctly and accurately is essential for employers to comply with federal tax laws. Filing IRS Form 940 for the 2022 tax year can be daunting f... Fill Now
  • image Form 940 Printable The 940 Form, also known as the Employer's Annual Federal Unemployment (FUTA) Tax Return, is a form used by employers to report their annual federal unemployment taxes. This form is used to report the total amount of wages paid to employees and the employer's share of the FUTA tax. It must be filed annually, usually by January 31st of the following year. Main benefits of the fillable version The advantages of using the printable version of the 940 Form include: Allows for physically reviewing and checking for errors before submitting, Allows for filling out the form in stages, making the process less overwhelming, Gives the option to have a hard copy for records. Where to get the printable 940 form? To get the printable version of the 940 Form, employers can visit the IRS website and download the form. The form can be obtained by calling the IRS toll-free number or visiting a local IRS office. Employers can also get the form from a tax professional or a third-party provider. It's important to note that the form must be filled out in ink and signed by the employer, if it is going to be sent via mail. How to fill in & file a printable 940 form? When filling out the 940 Form, employers must provide information such as their employer identification number (EIN), the total wages paid to employees, and the employer's share of the FUTA tax. Employers should also ensure that they are using the correct version of the form as the IRS may change the form each year. Employers should also make sure that they have all the necessary documentation and information before filling out the form, to ensure the process goes smoothly. Once the form is completed, employers can mail it to the IRS address specified on the form. It's also a good idea for employers to keep a copy of the form for their records in case it's needed for future reference. It's also important to note that Employers that have a low annual federal unemployment tax liability may be eligible to file form 944 instead of form 940 In conclusion, the 940 form is an important document for employers to file to report their annual federal unemployment taxes. The printable version of the form offers several advantages over electronic filing, including the ability to physically review and check the form for errors before submitting it, and the ability to fill out the form in stages. Employers should consider using the printable version to file the 940 form to save time, and money and reduce the risk of errors. Fill Now