What are the Procedures to File Form 940 In QuickBooks?

If you wish to File Form 940 In QuickBooks, you can do so online with QuickBooks and email it directly to the IRS. Form 940 assists users in calculating and filing taxes, managing state unemployment tax regulations, and other crucial taxation tasks. When it comes to e-filing tax returns, it is not an easy chore to complete. Go through this blog post till the end, follow the steps suggested, and file your Form 940 as soon as possible.

Filing tax forms using QuickBooks can sometimes be a hassle as it requires a deep understanding of the program and tax rules and regulations. If you are not well aware of all these things, you can get in touch with our support team for help by dialing +1(855)-738-0359

Methods for E-filing Form 940 in QuickBooks

Method 1: Using QuickBooks Desktop to E-Pay

1. Navigate to the Payroll Center and select the Pay Liabilities tab.

2. Press the Continue button.

3. Select a recurring tax payment (Federal 940 or Federal 941/944).

4. Select the Payment (deposit) method, then E-pay.

5. Click Submit to finish the process. 

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Method 2: Using QuickBooks Desktop Payroll to E-File Forms

1. Launch QuickBooks and then select Search Employees.

2. Choose Payroll Tax Forms and W-2s 

3. Select Process Payroll Forms.

4. Navigate to the File Forms tab in the Payroll Center.

5. Choose a form to file from the list (940, 941, or 944).

6. Select File Form.

7. Select the form filing period and press OK.

8. Go through all of the forms and select Check for Errors.

9. Press the Submit Form button.

10. To submit the form, click the E-File button and follow the on-screen instructions.

When e-filing form 940, QuickBooks users must input a liability adjustment to record the credit reduction amount.

Conclusion

The above-mentioned are the two simple methods you can use to File Form 940 In QuickBooks. You can use these methods if you are using QuickBooks Desktop or the QuickBooks Desktop Payroll.  However, if for any reason the methods are not working for you, or you get stuck at some point in the e-filing procedure, we suggest you dial +1(855)-738-0359 and get in touch with our technical support team for instant help and support.

 

1. How to Differentiate between Forms 940 and 941? 

Form 940 is used to report and pay unemployment taxes on a yearly basis, whereas IRS Form 941 solely administers payroll taxes on a quarterly basis.  

2. How Do You Adjust Payroll Taxes in QuickBooks? 

1. Launch QuickBooks and navigate to the Menu bar. 

2. Then, select Employees and Liabilities and Payroll Taxes.

3. Select Adjust Payroll Liabilities.

4. Select the Previous Adjustment option. 

5. Select the Accounts Affected option.

6. Click OK after selecting Affected Liability and spending accounts.

3. When Should You File Form 940?

 

When you pay wages of $1500 or more to your employees as an employer, you must file Form 940. These two approaches can assist users in e-filing form 940 in QuickBooks from any location at any time.