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How to prepare Form 940 (PR)
About Form 940 (PR)
Form 940 (PR) is a tax form used by employers in Puerto Rico to report their annual Federal unemployment tax (FUTA) liability to the Internal Revenue Service (IRS). The FUTA tax is used to fund unemployment benefits for workers who have lost their jobs. Employers in Puerto Rico with one or more employees and who paid wages of $1,500 or more during any calendar quarter are required to file Form 940 (PR) annually. This form must be filed even if the employer has no FUTA tax liability for the year.
What Is form 940?
Online technologies assist you to organize your document administration and enhance the productiveness of your workflow. Look through the brief manual so that you can fill out IRS form 940, stay away from errors and furnish it in a timely way:
How to complete a 2024 940 form printable?
- On the website with the form, click Start Now and go for the editor.
- Use the clues to fill out the applicable fields.
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