Form 940 Schedule A 2025. Irs form 940 is a form used by employers to record and remit the federal unemployment tax act (futa) tax when they pay more than $1,500 of wages to employees during a calendar. Form 940 is an irs tax form that employers use to report their federal unemployment tax (futa) liability on an annual basis.
This form is essential for. Form 940, or the employerโs annual federal unemployment tax return, is a mandatory tax document employers use to report and remit their federal unemployment tax.