940 Report

Form 940 is the federal unemployment tax annual report form.

First, the form calculates the employer's federal unemployment tax liability, then adjusts for any state unemployment taxes paid. Second, the form calculates the unemployment tax due. Third, the form compares the unemployment tax due for the year to the tax already paid.

Use the 940 Report to print wages in the 940 and 940-EZ forms, 940 report, or print to a custom form.

Printing the 940 detail report

1. Open Connect Payroll > Reports > 940 Report.

2. Select a report title.

3. Enter the Report Dates.

4. Click to select the checkbox titled Print Detail Report.

The detail report prints this information for each employee: Social Security Number, Total Wages and Allowances, Not Subject Amount, Amount Over Limit, and Taxable Amount. Use the detail report to check the employee information that will print on the report.

5. Click Print (CTRL+P).

The 940 detail report prints.

Printing the 940 forms

1. Open Connect Payroll > Reports > 940 Report.

2. Select a report title.

3. Enter the Report Dates.

4. Click to select the checkbox titled Print Form.

5. Load the 940 forms in the printer.

6. Click Print (CTRL+P).

The 940 forms print.