Filing the IRS 940 form is an essential part of the taxation process in the USA. This form reports the employer’s annual Federal Unemployment Tax Act (FUTA) tax. Every taxpayer must be aware of the options available for filing the form.
The IRS provides two filing options: printable and fillable.
The printable version is the form that can be printed out and filled in by hand. The fillable version is the form that can be filled in electronically. Each of these options has its advantages and disadvantages.
Benefits of the printable version:
The main disadvantage of the printable version is that it takes more time to fill out than the fillable version.
Benefits of the fillable version:
The main disadvantage of the fillable version is that it requires more technical knowledge. Taxpayers need to know how to use a computer, have access to the internet, and be able to navigate the IRS website.
Our Recommendations
In some cases, it is better to file the form online. For example, if the taxpayer has enough technical knowledge and access to the internet, filing the form online will be a more convenient option. This is because it takes less time and is easier to navigate. On the other hand, if the taxpayer does not have internet access or is unfamiliar with using a computer, filing the form using the printable version is advised.
Overall, filing the IRS 940 form can be done with either the printable or fillable version. The choice should depend on the individual's technical knowledge and access to the internet. Taxpayers with enough technical proficiency and access to the internet should opt for the fillable version. In contrast, those who lack technical knowledge or access to the internet should opt for the printable version.
