Irs 940 2024 Instructions. Form 940, or the employer’s annual federal unemployment tax return, is a mandatory tax document employers use to report and remit their federal unemployment tax. This form is filed annually, even.

The 940 form requires details on the employer’s business, total payments to all employees, payments exempt from futa tax, state unemployment contributions, and calculation of the. Form 940 is an annual tax return filed by employers to report and pay federal unemployment tax act (futa) tax.