If a business has ceased operations during the year, as long as the payments of the FUTA taxes have been made, a Form 940 does not need to be completed for that year.

Question

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Even if a business has ceased operations during the year, they still need to file a Form 940 if they paid FUTA tax or if they had employees who worked for them for some time during the year.

If a Business Has Ceased Operations During the Year, as Long