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Form 940 not populating correctly

Posted: Thu Feb 02, 2023 4:11 pm
by endersending01
I am having a problem with generating a 940 form. I assume I do not have the 'form setup' configured correctly.
my problems are with lines 3 through 6 on the form. Line 3, total payments to all employees does not show up unless I add pay formulas (I think that is what they are) to the Line 4 a,b exempt payments as included or exempt. if they are exempt, they show up negative; if they are included, line 3 populates correctly but they are not supposed to be 'included in the exemption'. It's confusing for line 4 to see excluded under an exemption (double negative?).
Maybe someone could explain how this works or what I am doing wrong. I am by no means an accountant so maybe I am missing the concept of how the form setup works.
I have attached a few screenshots of the form setup page and the resulting 940 it generates.
Any help with this problem would be greatly appreciated.

Re: Form 940 not populating correctly

Posted: Mon Feb 13, 2023 9:05 am
by mikeb
You must have a Tax/Deduction setup for "US - Federal Unemployment Insurance" that is assigned to employees and has been calculated on pay stubs for the prior year. If you attach a screenshot of Payroll -> Tax/Deductions, that will help.