What is the difference between Form 940 and Form 941?
724 views | Last modified 12/31/2021 1:35:03 AM EST

The IRS Form 940 is an annual form which employers use to report their Federal Unemployment Tax liability (FUTA). On the other hand, Form 941 is a quarterly form which employers use to report their federal income tax withholding and Federal Insurance (FICA) taxes.
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