Irs Form 940
/ˌaɪ.ɑrˈɛs fɔrm ˈnaɪnti ˈfɔrti/
Definitions
- (n.) A federal tax form used by employers to report and pay federal unemployment taxes under the Federal Unemployment Tax Act (FUTA).
Employers must file IRS Form 940 annually to report their federal unemployment tax liability.
Forms
- irs form 940
Related terms
See also
Commentary
IRS Form 940 specifically covers federal unemployment tax and is distinct from other payroll tax forms like IRS Form 941.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.