Yes, if you pay wages to employees, regardless of your business size or age, you must file Form 940 once your total paid wages for the year exceed $7,000
I’m a new business owner. Do I need to file Form 940?
Yes, if you pay wages to employees, regardless of your business size or age, you must file Form 940 once your total paid wages for the year exceed $7,000
Was this article helpful?
YesNo
Last modified: December 19, 2025
