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

$199.00

SKU: 409194EAU

Description

Learn how to properly complete and report the IRS Form 940 as per IRS requirements.Federal and state unemployment taxes have always been difficult to understand, but within the last couple of years with the economic changes in the United States a lot has changed in relation to both state and federal unemployment. These changes have included not only rate changes, but additions to small repayment taxes to special state assessments. This topic will review the unemployment basics and then 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: End Time:

Learning Objectives

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 ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

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