IRS Form 940 Update: Employer’s Annual Federal Unemployment (FUTA) Tax Return

$199.00

SKU: 409194

Description

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.

Date: 2022-12-15 Start Time: 12:00 PM ET End Time: 1:40 PM ET

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.

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

AIPB ,Enrolled Agents ,IAPP ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Dayna J. Reum, CPP, FPC-Dayna J. Reum