The Form 940 reports ANNUAL federal unemployment wages and taxes and is included in the payroll update each year. The report is not filed quarterly, but annually in January following the last completed payroll year. Deposits may need to be made quarterly or more often depending on your payroll.
Running the latest version of Payroll will give you the latest federal report to file for the prior year. To be assured that you are running the most current version of Payroll, select Check For Latest Version under Help when you have Payroll running. Requires internet access. If an update for purchase or patch for download is available, you will be prompted. If you are on the latest version, you will receive a message that the latest version is installed.
Verify your liability, to determine if you need to deposit, by selecting 940 FUTA Tax on the Command Center.