Every employer in the United States who paid wages subject to FUTA tax must file IRS Form 940 annually. If you’re using QuickBooks Desktop, the process becomes smooth, automated, and highly accurate. Whether you're a seasoned payroll manager or a business owner handling taxes on your own, understanding how to generate and print QuickBooks Form 940 is essential for compliant year-end filing.
This comprehensive guide will walk you through the entire workflow—from verifying payroll details to printing the Form 940 QuickBooks version—ensuring you avoid errors and meet federal deadlines without hassle.
If you need professional assistance at any point, you can call +1(866)500-0076 for expert support.
What Is Form 940 & Why It Matters in QuickBooks?
Form 940 is the federal document used to report annual FUTA (Federal Unemployment Tax Act) tax. Each year, employers must complete this form to summarize all FUTA obligations.
In QuickBooks Desktop, the IRS-compliant QuickBooks 940 form is integrated into the Payroll Center, allowing automated tax calculations and simple form printing.
Why Use QuickBooks Desktop for Form 940?
- Automatically calculates FUTA tax
- Keeps historical payroll data for accurate yearly totals
- Produces IRS-approved forms
- Streamlines e-filing or paper filing
- Reduces manual data entry errors
For additional guidance, support is available at +1(866)500-0076.
Pre-Requisites Before Generating QuickBooks Form 940
Before starting the filing process, complete the following steps:
1. Ensure Payroll Subscription Is Active
An active QuickBooks Desktop Payroll subscription is required to access the form 940 QuickBooks option.
2. Update QuickBooks Desktop & Payroll Tax Tables
Go to:
Help → Update QuickBooks Desktop → Get Updates
Then update payroll tax tables via:
Employees → Get Payroll Updates
3. Verify Company & Employee Payroll Information
Correct FUTA calculations depend on accurate data. Ensure:
- Company legal name & EIN are correct
- FUTA wage base limits are properly configured
- State unemployment (SUI) rates are updated
- Employee wages are categorized correctly
If corrections or troubleshooting are needed, call +1(866)500-0076 for assistance.
How to Generate Form 940 in QuickBooks Desktop
Follow these steps to generate the official QuickBooks 940 form:
Step 1: Open Payroll Center
- Launch QuickBooks Desktop
- Navigate to Employees
- Choose Payroll Center
Step 2: Go to File Forms Tab
Inside the Payroll Center:
- Click File Forms
- Scroll to locate 940 – Employer’s Annual Federal Unemployment (FUTA) Tax Return
If you don’t see it, your payroll tax table may be outdated.
Step 3: Select the Form
Click Form 940 and then choose one of the following:
- Create Form
- Review Form
QuickBooks will automatically load your business information into the form.
Step 4: Verify Employer Details
Review:
- EIN
- Business name
- Address
- FUTA taxable wages
- Adjustments for state credits (if applicable)
- Ensure that everything matches your payroll records.
Step 5: Review FUTA Calculations
QuickBooks automatically calculates:
- FUTA gross wages
- FUTA taxable wages
- Credit reduction adjustments
- Final FUTA tax liability
This saves significant time and reduces human error when preparing the QuickBooks Form 940.
Step 6: Save, Review, or Print the Form
After reviewing the form, you can:
- Print for Signature
- Print for Employer Copy
- E-file if enabled
To print:
- Click Print
- Choose Printer Setup
- Select your printer
- Print the document on official IRS-approved paper
If printing issues occur, call +1(866)500-0076 for troubleshooting.
How to Print Form 940 in QuickBooks Desktop
Printing is straightforward once the form is generated.
1. Select Print Options
Choose:
- Preprinted forms (if you have official IRS paper)
- Plain paper (QuickBooks Desktop supports plain-paper printing)
2. Preview Before Printing
Always check the print preview for alignment and accuracy.
3. Save a PDF Copy
For business record-keeping:
- Select Save as PDF
- Store in a secure payroll folder
- Name it using a clear format like: Form 940 – CompanyName – Year.pdf
Common Errors When Generating Form 940 QuickBooks
Even with automation, users occasionally encounter issues:
1. Missing Form in Payroll Center
This usually means your payroll tax table needs updating.
2. Incorrect FUTA Wage Calculations
May be due to:
- Incorrect SUI rates
- Wrong employee wage types
- Manual payroll entries
3. Inability to Print
Printer configuration or driver issues can interrupt printing.
4. Form Alignment Problems
Occurs when using preprinted forms.
For expert help resolving these problems, contact +1(866)500-0076.
Tips to Ensure Accurate Form 940 Filing
- Update payroll tax tables regularly
- Double-check SUI rates each year
- Reconcile year-end payroll summaries
- Keep employee records fully updated
- Review FUTA wage base limits annually
Final Thoughts
Completing and printing QuickBooks Form 940 doesn’t have to be overwhelming. QuickBooks Desktop simplifies the entire process by calculating FUTA tax accurately and generating an IRS-ready QuickBooks 940 form.
By following the step-by-step instructions in this guide, you can prepare the form with confidence and file it before the January 31st deadline. And if you ever need expert assistance, help is available. Just dial +1(866)500-0076.
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