Why do we need to file form 940(Sch R)?
399 views |Last modified 4/5/2023 7:24:20 AM EST | Added by TaxBandits Team

Applicable To

94X 1099 W-2 ACA W-4

There are two reasons for filing Form 940(Sch R).

If you are a multi-state employer (i.e., you paid state unemployment tax in more than one state) (Line 1b)
If 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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