Get 1997 Form 940ez

Filling out the 1997 Form 940EZ is an essential task for employers to report their annual Federal Unemployment Tax Act (FUTA) tax. This guide provides clear steps to assist you in completing the form online, ensuring you accurately report your tax liabilities and responsibilities.

Follow the steps to successfully complete the 1997 Form 940EZ.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your name and trade name, if applicable, at the top of the form. Next, provide your address and ZIP code, as well as your Employer Identification Number (EIN).
3. Indicate the calendar year for which you are filing the form.
4. In section A, input the amount of contributions paid to your state unemployment fund. Follow the provided instructions to ensure this amount is accurate.
5. For line B, if this is an amended return, check the appropriate box. If you will not have to file returns in the future, check the corresponding box.
6. Part I requires entry of your total payments during the calendar year for services of employees on line 1. Include all relevant payments such as salaries and bonuses.
7. Enter exempt payments on line 2, and payments over $7,000 for each employee on line 3. Ensure you do not mix exempt payments with taxable amounts.
8. Calculate total taxable wages by subtracting the total exempt payments from the total payments and enter the amount on line 5.
9. To find your FUTA tax, multiply the amount on line 5 by .008 and enter the result on line 6. If this amount exceeds $100, prepare to complete Part II.
10. If applicable, complete Part II by entering your quarterly FUTA tax liabilities. Each quarter's liability should reflect only the amounts taxable during that quarter.
11. After you have completed all necessary sections and verified your entries, proceed to save your changes, download, print, or share the completed form as needed.

Start filling out your 1997 Form 940EZ online today to ensure timely and accurate reporting.