940 v mailing address

A 940 form!

A 940 form, also known as the Employer's Annual Federal Unemployment (FUTA) Tax Return, is a tax form used by the United States government to collect unemployment taxes from employers. Here's what you need to know:

Who needs to file a 940 form?

• Employers who pay wages to employees, including:
  • Corporations
  • Partnerships
  • Sole proprietors
  • Non-profit organizations
• Employers who are required to pay federal unemployment taxes (FUTA) on their employees' wages.

When is the 940 form due?

• The 940 form is due on January 31st of each year, covering the previous calendar year.

What information is required on the 940 form?

• Employer's name, address, and Employer Identification Number (EIN)
• Total wages paid to employees during the year
• Total federal unemployment taxes (FUTA) paid during the year
• Any credits or deductions claimed
• Any state unemployment taxes (SUTA) paid

Where do I file the 940 form?

• You can file the 940 form online through the Electronic Federal Tax Payment System (EFTPS) or by mailing it to the address listed below:
  • Internal Revenue Service
  • Attn: 940 Form
  • P.O. Box 802514
  • Dallas, TX 75380-2514

What are the penalties for not filing a 940 form?

• Failure to file a 940 form can result in penalties and interest. The penalty is 5% of the total FUTA tax due, with a maximum penalty of 25%.
• Failure to pay FUTA taxes can result in additional penalties and interest.

Remember to keep accurate records of your employees' wages and FUTA taxes paid, as you'll need this information to complete the 940 form. If you're unsure about any aspect of the 940 form or FUTA taxes, consider consulting with a tax professional or the IRS.