Are there any penalties associated with IRS Form 940?
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Last modified 11/8/2023 9:24:51 AM EST |
Added by TaxBandits Team
Applicable To
94X
1099
W-2
ACA
W-4
If your business fails to file a proper 940 tax form with the IRS by January 31, 2024, the IRS will assess penalties.
By doing the following, you can avoid unwanted interest and penalties from the IRS:
- Deposit your FUTA taxes on time
- File your annual Form 940 by the deadline
- Attach the required Schedules (A, R)
Use TaxBandits for filing Form 940 with other supporting forms.