Instructions for IRS Form 940 Employer's Annual Federal Unemployment (Futa) Tax Return

IRS Form 940 Schedule R Allocation Schedule for Aggregate Form 940 Filers

This document contains official instructions for IRS Form 940 , Employer's Annual Federal Unemployment (Futa) Tax Return - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 940 Schedule R is available for download through this link.

FAQ

Q: What is IRS Form 940?
A: IRS Form 940 is the Employer's Annual Federal Unemployment (FUTA) Tax Return.

Q: Who needs to file IRS Form 940?
A: Employers who have paid wages of $1,500 or more to employees in any calendar quarter during the year, or who had one or more employees for at least some part of a day in any 20 or more different weeks during the year, need to file IRS Form 940.

Q: When is the deadline to file IRS Form 940?
A: The deadline to file IRS Form 940 is generally January 31st of the following year.

Q: What is the purpose of IRS Form 940?
A: The purpose of IRS Form 940 is to report and pay unemployment taxes to the federal government.

Q: What information is required to fill out IRS Form 940?
A: Some of the information required to fill out IRS Form 940 includes employer identification number, total wages paid to employees, and the amount of federal unemployment tax owed.