Form 940

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Form 940

A form a company files with the IRS to pay unemployment insurance taxes on its employees. Many employers file this form annually, though some are required to do so more frequently. See also: Federal Unemployment Tax Act.
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E-filing Forms 940, 941, 943, 944 and 945 is an easy, secure and accurate way to file employment tax forms.
Payroll service provider (PSP): A PSP prepares the paychecks for the client; prepares Forms 940, Employers Annual Federal Unemployment (FUTA) Tax Return, and 941, Employer's Quarterly Federal Tax Return, using the client's employer identification number (EIN), and has them signed by the client; makes federal tax deposits; and/or prepares the Forms W-2, Wage and Tax Statement, for the client's employees, using the client's EIN.
In addition to personal income tax returns, most frequently used forms can be e-filed, including Forms 940 and 941 for employers, Form 1065 for partnerships, Form 1041 for estates and trusts, Forms 1120, 1120S, and 1120-POL for corporations, and Forms 990, 990-EZ, and 990-PF for exempt organizations.
Preparing payroll tax forms, including Forms 940, 941, and W-2;
In addition to business federal tax forms 940, 941 and 944, small businesses can now pay business federal tax forms 943 and 945.
Completing all quarterly and yearly federal payroll tax forms, including Federal Forms 940, 941, W-2 and W-3, and mailing the same in a timely manner, sending copies to the Operators and State.
Forms 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, and 941, Employer's Quarterly Federal Tax Return), or for filing its income tax return, care must be exercised to understand how the reorganization affects the EIN.
The projected filings of Forms 940 and 941 comprise the bulk of employment tax return volume.
com, businesses can use credit and debit cards to pay the federal business tax types -- multiple variations of Forms 940, 941, 943, 944 and 945 -- that have been designated by the Internal Revenue Service as eligible for card-based payments.
Features report functions, print functions, and pay stub functions; Easily calculates differential pay; Prints miscellaneous checks and also payroll calculation checks; Prints payroll checks on blank computer checks or preprinted checks; Automatically calculates Federal Withholding Tax, Social Security, Medicare Tax and Employer Unemployment Taxes; Includes built-in tax tables for all 50 states and the District of Columbia; Generates and maintains payrolls for multiple firms, and does it at the same time; Prints Tax Forms 940, 941, W-2 and W-3; Backs multiple accounts at no extra charge; Backs network access.
Thus, if an LLC has employees or is liable for excise tax, the LLC must have its own EIN for filing Forms 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, 941, Employer's Quarterly Federal Tax Return, and 720, Quarterly Federal Excise Tax Return.
Expansion of Forms 940 and 941 payments to include Prior Tax Years (1997-2005) and Installment Agreements (1997-2006)