What is Form 940

What is Form 940

Form 940 is the Employer’s Annual Federal Unemployment Tax Act (FUTA) Return, which employers submit to the Internal Revenue Service (IRS). Business owners who have employees are required to fill out and submit IRS Form 940 every year along with

FAQs: Form 941

FAQs: Form 941

What is Form 941? Form 941 is the employer’s quarterly payroll tax return. Every employer is required to withhold a certain amount from each paycheck for income tax purposes. Form 941 is a quarterly return required from each employer to