Forms Related to 940

Forms Related to 940

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Filing taxes can be a daunting task, especially for those unfamiliar with the process. The 940 sample is a staple of the Federal Unemployment Tax Act, and understanding which forms are related can help make the whole process much less intimidating. Here are five of the essential forms related to the 940:

  • 940-EZ
    This document is a simpler version of the standard 940 template and is used when the employer meets specific criteria. It is much shorter than the standard 940 and allows employers to quickly and easily file their taxes.
  • 940-V
    This payment voucher form is used to accompany a 940 and 940-EZ copy when it is mailed to the IRS. It provides the IRS with additional information about the payment amount, total taxes due, and other related information.
  • 940-X
    This form is used to correct a previously filed 940 or 940-EZ form. Employers need to use this form if they discover any mistakes on their original filing, as it can help them avoid penalties and interest charges.
  • 943
    This form reports an employer's federal tax liability for agricultural employees. It is similar to the 940 but includes additional information related to the wages and taxes of agricultural employees.
  • 945
    This document reports income tax withholding on non-payroll items (such as pensions and annuities). It is important to file this template with the 940 to ensure that all relevant taxes have been paid.a