iAS Glossary

  • Form 940: Employer’s Annual Federal Unemployment (FUTA) Tax Return
    Report annual Federal Unemployment Tax Act (FUTA) tax
  • Form 941: Employer’s Quarterly Federal Tax Return
    Report income taxes, Social Security tax, or Medicare tax withheld from employee’s checks; pay the employer’s portion of Social Security or Medicare Tax
  • Form 944: Employer’s Annual Federal Tax Return
    Designed for the smallest employers (whose annual liability for social security, Medicare, and withheld federal income taxes are less than $1,000)
  • W-2: Wage & Tax Statement
    Every employer engaged in a trade or business who pays remuneration, including noncash payments of $600 or more for the year (all amounts if any income, social security, or Medicare tax was withheld) for services performed by an employee must file a Form W-2 for each employee
  • W-3: Transmittal of Wage & Tax Statement
    Used to transmit Copy A of Forms W-2