Form 940 is the federal unemployment tax return that employers file once a year to report wages paid and calculate how much unemployment insurance tax they owe. If you run a business with employees, you need to understand what goes on this form and when payments are due—the IRS has specific important date, and missing them triggers penalties. This category covers how the form works, what information you report, and how the payment process connects to your quarterly filings.
The articles here explain what wages count toward unemployment tax, how to calculate your actual tax liability, when and how to send payments to the IRS, and what happens if you've already paid unemployment tax through state filings or quarterly deposits. You'll learn the timeline for filing and the relationship between Form 940 and the quarterly Form 941 you may already be submitting.