Get Irs 940 2012

The IRS 940 form, also known as the Employer's Annual Federal Unemployment (FUTA) Tax Return, is essential for employers to report their unemployment tax liabilities. Filling it out accurately ensures compliance with federal regulations and aids in safeguarding against penalties.

Follow the steps to complete the IRS 940 form online easily.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your employer identification number (EIN) in the designated field. This unique number identifies your business for tax purposes.
3. Indicate the type of return you are filing by checking all applicable boxes. Options include 'Amended', 'Successor employer', 'No payments to employees in 2012', and 'Final: Business closed or stopped paying wages'.
4. Fill in your business name (not your trade name), address, and city/state/ZIP code. Ensure that all information is typed or printed legibly within the boxes provided.
5. In Part 1, provide details about your state unemployment tax obligations by entering the relevant state abbreviations. If applicable, note if you paid wages subject to credit reduction.
6. In Part 2, total your payments to all employees and any payments that are exempt from FUTA tax. Calculate the total taxable FUTA wages by subtracting the exempt payments.
7. In Part 3, determine your FUTA tax before adjustments based on the calculated wages. Follow the instructions provided for any further adjustments.
8. In Part 4, detail your FUTA tax after adjustments, reporting any balance due or overpayment circumstances clearly. Make sure you have completed both pages of the form.
9. If necessary, report your FUTA tax liability by quarter in Part 5, only if your total tax is more than $500.
10. In Part 6, indicate whether you allow a third-party designee to discuss this return with the IRS. Include their name and a chosen PIN if applicable.
11. Finally, in Part 7, sign and date the form and ensure all information is accurate. Retain a copy for your records.
12. After thoroughly checking for accuracy, save your changes, download, print, or share the completed form as needed.

Complete your IRS 940 form online to ensure timely and accurate filing!