Overview
Updated 09/07/2022
Report Description
Parameters
Report Fields
Report Description
A 940 Schedule A form must be filled out in every state in which an employer has paid Federal Unemployment Tax for that tax year. This report makes filing end of year 940 tax documentation easy.
Note: This report will only allow for 2020 and newer (2020, 2021, ...).
Parameters
|
Parameter Name |
Options |
Explanation |
|
Year |
List of Year or Year followed by | and Staffing Company (if Supplier property GenerateSeparateGSXMLFile Is set to True) |
Shows the Year and the staffing company from the Config Year (Admin>Employer>Config Year). The year shown is of this year or prior year. The year is shown only if there is Q4 quarter in the Config Year Supplier Quarter. |
Report Fields
|
Field Name |
Explanation |
|
Employer identification number (EIN) |
Staffing supplier FEIN |
|
Name |
Staffing supplier full name |
|
Trade name |
Not pulled |
|
Address |
Street1 address of Supplier |
|
City |
City address of Supplier |
|
State |
State from address of Supplier |
|
ZIP code |
ZipCode from address of Supplier |
|
Foreign country name |
Not pulled |
|
Foreign province/county |
Not pulled |
|
Foreign postal code |
Not pulled |
|
Type of Return
|
a. Amended is checked if FUTAAmendedIndicator is True from GS_Company940 b. Successor employer is checked if FUTASuccessorEmployerIndicator is True from GS_Company940 c. No payments to employees in Year (Year for which the report is run) is checked if FUTANoPaymentsIndicator is True from GS_Company940 d. Final: Business closed or stopped paying wages is not pulled |
|
1a If you had to pay state unemployment tax in one state only, enter the state abbreviation. |
Pulls the StateCode from GS_Company940SutaState when there is only one row of data for the year |
|
1b If you had to pay state unemployment tax in more than one state, you are a multi-state employer . . . . . . . |
Checked if there is more than one row of data in GS_Company940SutaState for the year |
|
2 If you paid wages in a state that is subject to CREDIT REDUCTION . . . . . . . . |
Checked if there is ReductionRate for any data |
|
3 Total payments to all employees . . . . . . . . . . . . . . . . . . . |
Pulls TotalPayments from GS_Company940 |
|
4 Payments exempt from FUTA tax . . . . . . . |
Pulls ExemptPayments from GS_Company940 |
|
4a Fringe benefits |
Checked if FUTAFringeBenefitsIndicator from GS_Company940 is True |
|
4b Group-term life insurance |
Checked if FUTAGroupTermLifeIndicator from GS_Company940 is True |
|
4c Retirement/Pension |
Checked if FUTARetirementIndicator from GS_Company940 is True |
|
4d Dependent care |
Checked if FUTADependentCareIndicator from GS_Company940 is True |
|
4e Other |
Checked if FUTAOtherIndicator from GS_Company940 is True |
|
5 Total of payments made to each employee in excess of $7,000 . . . . . . . . . . . . . . . . |
Pulls PaymentMoreThan7000 from GS_Company940 |
|
6 Subtotal (line 4 + line 5 = line 6) . . . . . . . . . . . . . . . . . . . . |
It shows the sum of 4 Payments exempt from FUTA tax . . . . . . . and 5 Total of payments made to each employee in excess of $7,000 . . . . . . . . . . . . . . . . (ExemptPayments + PaymentMoreThan7000) |
|
7 Total taxable FUTA wages (line 3 ז line 6 = line 7) (see instructions) . . . . . . . . |
It is calculated as 3 Total payments to all employees . . . . . . . . . . . . . . . . . . . - 6 Subtotal (line 4 + line 5 = line 6) . . . . . . . . . . . . . . . . . . . . |
|
8 FUTA tax before adjustments (line 7 x .006 = line 8) . . . . . . . . . . . . . |
It is calculated as 7 Total taxable FUTA wages (line 3 ז line 6 = line 7) (see instructions) . . . . . . . . * 0.006 |
|
9 If ALL of the taxable FUTA wages you paid were excluded from state unemployment tax, multiply line 7 by .054 (line 7 .054 = line 9). Go to line 12 . . . . . . . . . . . |
It is calculated as 7 Total taxable FUTA wages (line 3 ז line 6 = line 7) (see instructions) . . . . . . . . * 0.054 |
|
10 If SOME of the taxable FUTA wages you paid were excluded from state unemployment tax, OR you paid ANY state unemployment tax late (after the due date for filing Form 940), complete the worksheet in the instructions. Enter the amount from line 7 of the worksheet. |
Pulls FUTATaxSomeIncrease from GS_Company940 |
|
11 If credit reduction applies, enter the total from Schedule A (Form 940) . . . . . . . . |
Pulls the sum of ReductionAmount from GS_Company940SutaState |
|
12 Total FUTA tax after adjustments (lines 8 + 9 + 10 + 11 = line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
It is calculated as 8 FUTA tax before adjustments (line 7 x .006 = line 8) . . . . . . . . . . . . . + 9 If ALL of the taxable FUTA wages you paid were excluded from state unemployment tax, multiply line 7 by .054 (line 7 .054 = line 9). Go to line 12 . . . . . . . . . . . + 10 If SOME of the taxable FUTA wages you paid were excluded from state unemployment tax, OR you paid ANY state unemployment tax late (after the due date for filing Form 940), complete the worksheet in the instructions. Enter the amount from line 7 of the worksheet. . + 11 If credit reduction applies, enter the total from Schedule A (Form 940) . . . . . . . . |
|
13 FUTA tax deposited for the year, including any overpayment, applied from a prior year. |
Pulls TotalDeposits from GS_Company940 |
|
14 Balance due (If line 12 is more than line 13, enter the excess on line 14.) ☐ If line 14 is more than $500, you must deposit your tax. ☐ If line 14 is $500 or less, you may pay with this return. (see instructions) . . . . . . . . . . |
It is calculated as 12 Total FUTA tax after adjustments (lines 8 + 9 + 10 + 11 = line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . - 13 FUTA tax deposited for the year, including any overpayment applied from a prior year . |
|
15 Overpayment (If line 13 is more than line 12, enter the excess on line 15 and check a box below.) ............................ |
Pulls 13 FUTA tax deposited for the year, including any overpayment applied from a prior year. - 12 Total FUTA tax after adjustments (lines 8 + 9 + 10 + 11 = line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . if there is a positive value |
|
Apply to next return. |
Checked if ApplyToNextReturnIndicator from GS_Company940 is True |
|
Send a refund. |
Checked if SendARefundIndicator from GS_Company940 is True |
|
16a 1st quarter (January 1 ☐ March 31) . . . . . . . . .. . . . . . . |
Pulls QuarterFUTALiability1 from GS_Company940 |
|
16b 2nd quarter (April 1 ☐ June 30) . . . . . . . . .. . . . . . . |
Pulls QuarterFUTALiability2 from GS_Company940 |
|
16c 3rd quarter (July 1 ☐ September 30) . . . . . . . . . .. . . . . . . |
Pulls QuarterFUTALiability3 from GS_Company940 |
|
16d 4th quarter (October 1 ☐ December 31 . . . . . . . . .. . . . . . . |
Pulls QuarterFUTALiability4 from GS_Company940 |
|
17 Total tax liability for the year (lines 16a + 16b + 16c + 16d = line 17) |
Shows the sum of 16a, 16b, 16c and 16d |
|
Yes |
Checked if DesigneeIndicator from GS_Company940 is True |
|
No |
Checked if DesigneeIndicator from GS_Company940 is False |
|
Designee's name and phone number |
Pulls DesigneeName and DesigneePhone from GS_Company940 |
|
Select a 5-digit Personal Identification Number (PIN) to use when talking to IRS |
Pulls DesigneePin from GS_Company940 |
|
Sign your name here |
Not pulled |
|
Date |
Not pulled |
|
Print your name here |
Not pulled |
|
Print your title here |
Not pulled |
|
Best daytime phone |
Not pulled |
|
Check if you are self-employed |
Not pulled |
|
Preparer's name |
Not pulled |
|
PIN |
Not pulled |
|
Preparer's signature |
Not pulled |
|
Date |
Not pulled |
|
Firm's name (or yours if self-employed) |
Not pulled |
|
EIN |
Not pulled |
|
Address |
Not pulled |
|
Phone |
Not pulled |
|
City |
Not pulled |
|
State |
Not pulled |
|
Zip Code |
Not pulled |
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