TaxBandits Knowledge Base

Are there any penalties associated with IRS Form 940?

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 to file Form 940 with other supporting forms.