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

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  Susie Spaniel 1 year, 6 months ago

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

  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?

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  Laura Handrick
  

  Moderator

  

  1 year, 6 months ago

  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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