Editor’s Picks Tax Guide All You Need to Know About Form 940 Instructions and FUTA Tax Rate 2021 As a business owner with employees, you will need to file an IRS Form 940. In this guide, you can find detailed IRS Form 940 instructions along with other ... Tax Guide Learn How to File Unemployment Taxes with IRS Form 940 An employer is responsible for paying unemployment taxes for any employee whose employment has been terminated so that they may receive compensation. The IRS and state tax agencies collect ...