FUTA rate for 2008.
The FUTA tax rate is scheduled to decrease from 6.2% to 6.0% for 2008. However, legislation is pending that would
eliminate the reduction in the
rate. If the legislation is enacted, the rate will remain at 6.2% for 2008.
State unemployment information.
You are no longer required to list your state reporting number(s) on Form 940. When you registered as an employer
with your state, the state
assigned you a state reporting number. If you do not have a state unemployment account and state experience tax rate, or if
you have questions about
your state account, you must contact your state unemployment agency. A contact list (for general information only) of state
unemployment tax agencies
is provided on page 12.
You can file and pay electronically.
Using electronic options available from the Internal Revenue Service (IRS) can make filing a return and paying your
federal tax easier. You can use
IRS e-file to file a return and Electronic Federal Tax Payment System (EFTPS) to make deposits or pay in full whether you rely on a
tax
professional or prepare your own taxes.
-
For IRS e-file, visit
www.irs.gov for additional information.
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For EFTPS, visit
www.eftps.gov or call EFTPS Customer Service at 1-800-555-4477, 1-800-733-4829 (TDD), or 1-800-244-4829 (Spanish).
Electronic funds withdrawal (EFW).
If you file Form 940 electronically, you can e-file and e-pay (electronic funds withdrawal) the balance due in a single
step using tax preparation
software or through a tax professional. However,
do not use EFW to make federal tax deposits. For more information on paying your taxes
using EFW, visit the IRS website at
www.irs.gov and click on the
electronic irs link. A fee may be charged to file
electronically.
You can pay your balance due by credit card.
You may pay your FUTA tax shown on line 14 using a major credit card. However,
do not use a credit card to pay taxes that are required
to be deposited. (See
When Must You Deposit Your FUTA Tax? on page 3.) For more information on paying your taxes with a credit card, visit
the IRS website at
www.irs.gov and click on the
electronic irs link.
Photographs of missing children.
IRS is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children
selected by the Center may
appear in instructions on pages that would otherwise be blank. You can help bring these children home by looking at the photographs
and calling
1-800-THE-LOST (1-800-843-5678) if you recognize a child.
How Can You Get More Help?
If you want more information about this form, see Pub. 15 (Circular E), visit our website at
www.irs.gov, or call 1-800-829-4933.
For a list of related employment tax topics, visit the IRS website at
www.irs.gov and click on the “Businesses” tab.
