Learn, stepbystep, everything you need to do to file IRS Form 940. Have you paid federal unemployment taxes in the past year? Then you need to fill out IRS Form 940. This form must be filed by businesses with employees to report their obligations under the Federal Unemployment Tax Act—also known as FUTA. For our complete guide, visit: http://bit.ly/2Y7pBhA

Our video covers:

Who must file and filing deadline (0:14)

Providing basic business information (1:00)

Part 1: Indicating return type (2:02)

Part 2: Determining FUTA tax liability (3:57)

Part 3: FUTA tax adjustments (6:49)

Part 4: Adjustments to FUTA tax liability (7:36)

Part 5: FUTA tax liability by quarter (9:15)

Part 6: Thirdparty designee (9:39)

Part 7: Signing and dating the form (9:58)

Payment voucher (10:35)

Mailing address (10:45)

Using payroll software to file Form 940 (10:58)

For help filing Form 940, try Gusto Payroll: http://bit.ly/2ydOeJV

In this video, we provide a basic overview of how to fill out IRS Form 940. This video is not intended to provide legal advice or to form a professional relationship. We suggest contacting a business lawyer for advice specific to your circumstances.

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