Below you’ll find a list of tax forms you may want to become familiar with. Although these are the most common forms there may be others you’ll need to complete.

If you’re looking for information about tax withholdings or U.S. Bank Payroll, see also:

• What tax forms do I need to know about when using U.S. Bank Payroll?
• Learn more about U.S. Bank Payroll.

IRS Form W-2 contains wage information for the year for a specific employer. Information from the W-2 will be used when preparing your annual federal tax return. 

For more details or for instructions on completing a Form W-2, visit the IRS’s website at, irs.gov/forms-pubs/about-form-w-2.

IRS Form 940 allows employers to report their annual Federal Unemployment Tax Act (FUTA) tax. Together with state unemployment tax systems, the FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs. 

Visit the IRS’s website for more information about Form 940 at irs.gov/forms-pubs/about-form-940.

IRS Form 941, the Employer’s Quarterly Federal Tax Return, allows employers to: 

• Report income taxes, Social Security tax, or Medicare tax withheld from employee's paychecks.
• Pay the employer's portion of Social Security or Medicare tax.

Most employers who pay wages to an employee must file Form 941 every quarter regardless of their business entity type. If you don’t have any employees for the previous quarter, you still need to report that you didn’t have any tax withholdings within that quarter through this form.  

Learn more about filing Form 941 on the IRS’s website at irs.gov/forms-pubs/about-form-941.

Employers are required to file Form 944 if their annual tax liability is less than $1,000 for Social Security, Medicare, and withheld federal income tax. These employers will file Form 944 annually instead of every quarter and usually are smaller employers.  

If an employer's tax liability and withheld federal income tax is more than $1,000 per year, then they will need to use Form 941 and file it quarterly.