Get Irs 940 2014

Filling out the IRS 940 form online is an essential task for employers to report their annual federal unemployment tax. This guide provides clear and detailed steps to help you complete the form accurately and efficiently.

Follow the steps to successfully complete the IRS 940 online.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred online editor.
2. Enter your Employer Identification Number (EIN) in the designated field to identify your business. Make sure this number is accurate.
3. In the 'Name' section, input your name as it appears on your tax documents, avoiding any trade names.
4. Provide your business's physical address, including street, city, state, and ZIP code. Ensure all details are correct to avoid correspondence issues.
5. Select the applicable types of return by checking the appropriate boxes (e.g., amended, successor employer, etc.) based on your business situation.
6. Complete Part 1 by detailing your state unemployment tax obligations. If applicable, indicate if you are a multi-state employer and the states involved.
7. In Part 2, record the total payments made to employees and any exempt payments from FUTA tax in the provided sections.
8. Calculate the total taxable FUTA wages and FUTA tax. Follow the instructions to complete these calculations thoroughly.
9. Proceed to Part 3 and provide any adjustments to your tax figures as required by the form.
10. In Part 4, determine your total FUTA tax after adjustments and check for any balance due or overpayment.
11. If applicable, report your FUTA tax liability by quarter in Part 5. Only complete this if your balance is over $500.
12. Designate if you permit a third party to discuss your return with the IRS in Part 6, and list their details if required.
13. Sign and date the form in Part 7, ensuring that it is both the taxpayer and preparer's signature, if applicable.
14. Review all completed information carefully for accuracy before saving changes. You can now download, print, or share the completed form as needed.

Take the next step in managing your business's tax responsibilities and complete your IRS 940 online today.