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Nonprofits are generally not required to file Form 940, the Employer's Annual Federal Unemployment (FUTA) Tax Return, if they do not pay unemployment taxes. However, if a nonprofit has employees and meets certain criteria, such as paying wages above the threshold for FUTA tax, it may need to file this form. Additionally, state unemployment tax requirements may vary, so it's important for nonprofits to check both federal and state regulations regarding unemployment tax obligations.

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1mo ago

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