Form 940 Definition | Employer's Annual FUTA Tax Return

Payroll Definitions

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Form 940 Definition

The Employer’s Annual Unemployment Return, required of all businesses with employees earning $1500 or more in a year.

Form 940 Extended Definition
Employers report their FUTA taxes on Form 940, which is due January 31 of the following year. If the due date falls on a weekend, Form 940 is due on the first Monday after the deadline.

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Last Updated By

Jenna Hutkowski | Apr 27, 2023

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