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If we do not owe any FUTA tax for the 3rd qtr. do we have to file a report?

Tagged: FUTA, quarterly tax payments, Taxes

This topic contains 1 reply, has 1 voice, and was last updated by Laura Handrick 6 months, 1 week ago.

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October 13, 2017 at 5:56 pm #109336 Reply

Susie Spaniel

we have paid the FUTA TAX each qtr. 3rd qtr. we do not owe any FUTA TAX. do we file a report or what should I do?

October 13, 2017 at 6:02 pm #109402 Reply

Laura Handrick
Moderator

Hi Susie,
As we are unable to provide specific tax advice, however, if you paid less than $1500 in wages in the last quarter you may not need to send in a payment. We recommend you contact a local tax accountant to answer your question. More information on FUTA can be found here: https://fitsmallbusiness.com/futa-and-form-940/

You may also want to look at the Federal Laws that affect small businesses, in our artice https://fitsmallbusiness.com/federal-labor-laws/.

Thank you for posting on our site!

Laura
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