What is Part 1 in Form 940 represent?
508 views |Last modified 11/8/2023 5:13:06 AM EST | Added by TaxBandits Team

Applicable To

94X 1099 W-2 ACA W-4

The part 1 in Form 940 requires you to specify whether:

You are a single-state employer (you paid state unemployment tax in only one state) (Line 1a)
You are a multi-state employer (i.e., you paid state unemployment tax in more than one state) (Line 1b)
You paid employees' wages in a credit reduction state (Line 2)

Also, you must complete and submit Schedule A of Form 940 if you are a multi-state business or received wages in a credit-reduction state.

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