Alabama Form 940 (Schedule A) 2024-2025

Alabama Form 940 (Schedule A): What You Should Know

All state unemployment insurance benefit laws are based on federal law. This is the Federal Unemployment Tax Act (FTA). As a part of the Federal government, employers must collect payroll taxes by: a. Employer Identification Number and Employer Penalty Taxpayer Identification Number (EIN). This includes State and local government employers who operate at least 10  employer's establishments as defined by Section 5 of the Fair Labor Standards Act (FLEA). Employee employers, such as sole proprietors, limited liability companies, partnerships, S corporations, and  associations, do not have to collect or remit Federal Employer Tax (FTA). However, as a  part of your tax obligations, you should collect and remit all applicable Federal unemployment tax. Under FTA, you are liable for making Wins for all wage earners you employ regardless if they  work less than a full-time, 40-hour workweek or a full-time, 40-hour workweek plus some weekends and  weeks.  Under the requirements of FTA, if you do not collect payroll tax from an employee, you are liable for the tax. You may also owe the Federal Unemployment Tax of 6.2% on wages paid to employees who receive public assistance  as long as you operate fewer than 10 business establishments in a State. Under EEA, you are  required to collect wage and federal unemployment taxes. If you operate less than 10 establishments, and you fail to make an EIN in a timely manner, if you  know or should know of an error in an EIN which would affect the withholding of your employee tax, you may be subject  to liability under EEA. You may be subject to EEA (1) if you fail to collect taxes due from a child or dependent spouse that is under age 17 at the  time of employment, (2) if you did not make any payment to a State on time, or (3) if you owe back taxes due to a previous tax period. You must notify the Wage and Tax Department within 20 working days of the failure to make or payment not made on time which may  result in increased withholding tax. Any additional withholding tax or penalties due your employer will continue to be assessed. The requirements of the FTA are found in section 4-103 of the Fair Labor Standards Act (the “Act”).

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