To populate the Payments exempt from FUTA tax section of the 940 form, you'll need to set up the proper taxability of payroll items. Select Setup , then Payroll items . Select the Main tab. Edit the FUTA exempt payroll item. In the Taxability section choose from the ...
FUTA Tax Return (Form 940) SAP has developed the following features for processing Form 940: Part 1, line 2: A detailed listing of contributions is provided in a separate report. If you are reporting Exempt payments, a new page is printed with the details of the Exempt payments. You can ...
Form 940 is due the next business day if January 31 falls on a weekend or a holiday.5 Your tax payments might be due before the due date for Form 940. You must deposit at least one quarterly payment if your FUTA tax is more than $500 for the calendar year. You can carry the ...