You will use IRS Form 940 to report your annual federal unemployment tax liability to the IRS. You will have to check with your state agency to find out how to report your state unemployment tax liability, as every state has different requirements. Almost every non-agricultural, non-household employer is responsible for filing Form 940. You're only exempt if you pay less than $1,500 a year in wages, or if you employ someone for less than 20 days per year. IRS Form 940 is due to the IRS by January 31st and accounts for the previous year's liabilities. Even though you only need to file Form 940 once a year, if your liability is more than $500 you need to calculate your federal unemployment tax liability and make quarterly deposits.
Some videos that relate to Form 940
 Payroll Definitions
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