Get Form 940 For 2010 - Internal Revenue Service

Filling out the Form 940 is essential for employers to report their Federal Unemployment Tax Act (FUTA) liabilities. This guide provides a clear, step-by-step approach to completing the 2010 version of this form online, ensuring you understand each component and requirement.

Follow the steps to complete Form 940 online effectively.

1. Press the ‘Get Form’ button to retrieve the Form 940 and open it in the online editor.
2. Enter your employer identification number (EIN) in the designated field at the top of the form.
3. Indicate the type of return by checking the applicable boxes: Amended, Successor employer, No payments to employees in 2010, or Final return.
4. Provide your name and trade name (if applicable), followed by your business address, including street, suite number, city, state, and ZIP code.
5. In Part 1, specify the state or states for which you are required to pay state unemployment tax based on the instructions. If you are a multi-state employer, check the appropriate box.
6. Complete Part 2 to calculate your taxable FUTA wages. Enter total payments to all employees and identify any exempt payments.
7. Continue to calculate the FUTA tax before adjustments using the provided formulas, ensuring you complete lines related to total taxable wages and the FUTA tax rate.
8. In Part 3, determine any adjustments to your tax. Follow the instructions to assess if your taxable wages were excluded from state tax and fill out the necessary worksheets.
9. Finish by completing Part 4 to derive your total FUTA tax, and identify any balances due or potential overpayments.
10. If your tax liability exceeds $500, proceed to Part 5 to report your FUTA tax liability by quarter.
11. Designate if a third-party may discuss this return with the IRS in Part 6, and provide contact details if applicable.
12. Sign and date the form in Part 7, ensuring both pages are completed. If applicable, provide preparer information.
13. After finishing, save changes, download, print, or share the completed Form 940 as necessary.

Ensure you complete all forms accurately and submit them online for a smooth filing experience.