It is a form that needs to be filled in by a company every year. It reports the business's federal unemployment taxes pursuant to the Federal Unemployment Tax act.

None. Federal Unemployment tax (940) is an employer-paid tax.

Included under the definition of employees for futa purposes are

Most employers pay both a Federal and a state unemployment tax.

Only the employer pays FUTA tax; it is not deducted from the employee's wages.

Go to the IRS gov website and use the search box for Federal Unemployment Tax

Unemployment compensation amounts that are received during the year is added to all of your gross income for the year taxed at your marginal tax rate on federal 1040 income tax return.

You can choose not to have any federal income tax withheld from your unemployment compensation payment amount.

For the 2009 tax year the first 2400 of unemployment compensation that was receive was exempt from the federal income tax on your 2009 1040 federal tax form.