How do I file Form 940 in TaxBandits?
4.2k views | Last modified 5/28/2020 3:32:54 AM EST | Added by TaxBandits Team

Applicable To
94X 1099 W-2 ACA W-4

Form 940 is to report the annual Federal Unemployment Tax Act (FUTA) tax. You have the option to choose either interview-based or form-based filing. 

Here is how you file Form 940:

Choose the Form

  1. Sign in to TaxBandits.
  2. Go to the Home tab. Under 94x - Annual, choose Form 940.

Choose Interview or Form-based

  1. Select the Tax year.
  2. Select Interview-based or Form-based. Click Start Filing.

Interview-Based Filing

  1. Enter the employer detail or pull up from the address book using the search bar and click Next.
  2. Choose Tax Year and Click Continue and proceed to file Form 940.

  3. Review the type of return you’re filing and click Next.

Enter state details 

Choose the state(s)  you are reporting. If you are reporting for multiple states, check the boxes next to it. Schedule A for Form 940 will be automatically generated after transmit and will be available in the Print Center.

FUTA details

Report the total payments made during the calendar year. Include payments for the services of all employees, even if the payments aren't taxable for FUTA and view the amount before adjustments, then click Next.


If some or all of your taxable FUTA wages you paid were excluded from state unemployment tax or any of your payments of state unemployment tax were late, you can report here.


In the subsequent screen, enter the deposits made this year and click Next.

Balance Due/Overpayment

Here, the deposits made for the reporting year will be shown. 

  1. Enter the overpayment from the prior year. The Balance due / Overpayment is shown. Click Next.

If you owe any tax to the IRS indicated by the Balance Due field, you can opt for payments through either Electronic Funds Withdrawal (EFW), Electronic Federal Tax Payment System (EFTPS), Credit/Debit Card, Check, or Money Order. 

For more details on the action required at your end for these payment options, click here.

Sign & File

Sign using your Online Signature PIN received from the IRS and proceed to file the return. In case you don’t have the Online Signature PIN, use Form 8453-EMP to sign the 94x return.  

TaxBandits provides the option to e-sign Form 8453-EMP. You can also download, print, sign, and upload the form in PDF format.

Print a Copy

Proceed with the flow until you transmit the return.  A copy of Form 940 will now be available in the Print Center. For step-by-step instructions on how to access a copy of the form, click here.

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