As mandated by the Internal Revenue Service, every employer that, for a calendar quarter of the current or preceding calendar year, paid at least $1,500 in wages or employed at least one employee during some part of a day in any 20 or more different weeks must file Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, on an annual basis.
HR and legal considerations for employers regarding depositing and reporting of withheld payroll taxes. Support on following laws and regulations regarding this topic.
Depositing and Reporting Withheld Taxes: Key items