When filing your Form Tax 940, which is the Employer's Annual Federal Unemployment (FUTA) Tax Return, there are a few documents you may need to attach to ensure accurate reporting and compliance with the Internal Revenue Service (IRS) regulations. Here are some essential documents you should consider:
1. Employer Identification Number (EIN): Your EIN is a unique identification number assigned to your business by the IRS. Ensure you provide your correct EIN on Form Tax 940 to avoid any discrepancies.
2. Payroll Records: Keep track of your employees' wages and the amount of FUTA tax paid on their behalf throughout the year. These records will help you accurately fill out Form Tax 940.
3. State Unemployment Tax Returns: If your state requires you to pay unemployment taxes, you may need to attach a copy of your state unemployment tax returns or proof of payment. Note that not all states have specific requirements regarding attachments, so ensure to check with your state's tax agency.
4. Debit/Credit Memorandum: Attach any debit or credit memoranda related to the FUTA tax. This includes adjustments or corrections made throughout the year that affect your FUTA tax liability.
5. Prior Year's Form Tax 940: If you are a successor employer or if you need to reference information from the previous year, consider attaching the prior year's Form Tax 940. This may help verify specific details or provide a clear picture of your employment history.
Additionally, it is crucial to be aware of any changes or updates to the attachment requirements by referring to the official IRS instructions for Form Tax 940 (available on the IRS website). It is always recommended to consult a tax professional to ensure accuracy and compliance when completing tax forms.