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Is Form 940 filed quarterly?

1.00K viewsOctober 10, 2022Banking and Finance
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Sam Smith11.38K March 23, 2021 0 Comments

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Blogolu28.38K Posted March 30, 2021 0 Comments

The two IRS forms are similar. However, Form 940 is filed annually and it only reports an employer’s FUTA taxes. Form 941, on the other hand, reports federal income tax withholding and Federal Insurance (FICA) taxes—and it’s filed every quarter. Form 940 reports FUTA tax, which is paid entirely by the employer.

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