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

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.