TaxBandits Knowledge Base

Who must file form 940?

According to the IRS, employers who paid their employees or more in any quarter of the current or previous tax year are subject to this requirement. They can be full-time, part-time, seasonal, or short-term In addition, each. If wages of $1,500 or more to employees in any calendar quarter or if you have one or more employees for at least some part of a day in any 20 or more different weeks, you need to file form 940.