Purpose of Form 940

TaxTC offers a secure and accurate way to file Form 940 electronically.

Use Form 940 to report your annual Federal Unemployment Tax Act (FUTA) tax. Together with state unemployment tax systems, the FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs. Most employers pay both a federal and a state unemployment tax. Only employers pay FUTA tax. Don’t collect or deduct FUTA tax from your employees’ wages.

The FUTA tax applies to the first $7,000 you pay to each employee during a calendar year after subtracting any payments exempt from FUTA tax.

Note: A valid EFIN (Electronic Filing Identification Number) is required to use TaxTC’s products.  TaxTC does not provide EFINs. For information on how to obtain your EFIN, visit the FAQ’s page on the IRS website.

Plans & Pricing

As a TaxTC ERO member, you can buy the Form 940 and any needed schedules at the best prices. The TaxTC ERO membership plan you purchase determines your buy rates. For more information, visit our TaxTC ERO Membership Club  page.

Buy rates are wholesale prices for the Form 940 and any needed schedules. You determine the retail prices for your customers, and the difference is your commission.

The Basic Process

Uploading Tax Documents

Your client uploads tax documents that you have requested to your own file manager.

Preparing Tax Returns

You automatically merge information from your client’s uploaded document into their tax return.

Agreed to and Accepted

You invoice your client when you deliver the finished tax return for e-signature.

Securely e-file with IRS

Your client pays you by using a variety of payment options.

No commitment required. Cancel anytime.

Simply look through our  ERO Membership Club plans and decide which one best meets your firm’s needs. If you need more help making the decision, give us a call! We are happy to help you decide which plan is right for you and get started today.

From day one, TaxTC has really been a partner to us. We feel protected by them and we are also very supported. TaxTC made it easy for us to convert our brick-and-mortar tax firm to a virtual tax firm for individuals and businesses across the United States.

Nia & Peter Bowman

Become a Member Today!

Start accepting payments today. Sign up online or call 1-800-215-2454.

TaxTC ERO Support

TaxTC ERO Support

Not sure where to start? We’ll help.