DIFFERENCE BETWEEN 940 AND 941
what is the difference between 940 and 941 taxes and do i need to file both
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bgIMeq9mOr3QjyacfA8pyY
12/29/09 2:35pm PST
Viewed by asker 03/19/10 8:49am PDT
Viewed by asker 03/19/10 8:49am PDT
1 Reply
KensonConstruction
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12/30/09 7:25am PST
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940 is your Federal Unemployment taxes and 941 is your Federal Withholding, Social Security taxes (both employee and employer portions) and Medicare taxes (both employee and employer portions). Yes, you must file them both. You can read about your filing requirements in the IRS' Publication 15.
Here's a link to that Publication.
http://www.irs.gov/pub/irs-pdf...
I hope this helps!
Peggy
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