Irs Form 940 Update: Employer's Annual Federal Unemployment (Futa) Tax Return

Lorman Education Services
Training overview
Professional Course
1.6 hours

Course description

Irs Form 940 Update: Employer's Annual Federal Unemployment (Futa) Tax Return

Learn how to properly complete and report the IRS Form 940 as per IRS requirements.

Federal and state unemployment taxes have always been hard to understand. Within the last couple of years and the economic changes in the United States, a lot has changed concerning state and federal unemployment. These changes have included not only rate changes but additions to small repayment taxes to special state assessments. This course will review unemployment basics and explain the new changes and how they affect how we do business and stay compliant. Also, trends over the last couple of years due to the COVID19 pandemic will be covered so employers know when and how to handle SUIrelated changes.

Who should attend?

This live webinar is designed for accountants, CFOs, controllers, accounts payable professionals, tax managers, presidents, vice presidents, bookkeepers, and enrolled agents.

Training content

FUTA Basics

  • Understanding Who and What Is Subject to FUTA Tax
  • Understanding the FUTA Tax Rate
  • Depositing FUTA Tax

Form 940

  • Basics of Form 940
  • Changes to Form 940
  • Common Mistakes

FUTA and State Unemployment Taxes

  • How FUTA and SUTA Interact and Why It Is so Important to Understand
  • Recent Changes and Trends Due to COVID-19 and SUTA

Certification / Credits

Credits: AIPB ,Enrolled Agents ,IAPP ,CPE

Learning Objectives

  • You will be able to define FUTA.
  • You will be able to recognize who and what is subject to FUTA tax.
  • You will be able to review the basics of Form 940.
  • You will be able to discuss FUTA and state unemployment taxes.

About Lorman Education Services

Lorman Education Services - Live and On-Demand Courses

Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...

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Contact info

Lorman Education Services

Lorman Education Services
2510 Alpine Road
54702 Eau Claire Wisconsin

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