Changes to the Federal Unemployment Tax (FUTA) for 2015: What Employers Need to Know
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As employers prepare for tax filing season, the IRS released the 2015 Form 940, which is an employer’s annual Federal Unemployment Tax (FUTA ) Return. The 2015 version of the FUTA tax return (IRS form 940 and Schedule A) should not differ significantly from last year’s version, but employers (particularly multistate employers) should note that additional credit reductions will continue to build in a number of states.
