When do I file Form 940 for my foreign-owned LLC and what information do I need?
I just finished my first year of having employees in my foreign-owned LLC. I've been filing Form 941 quarterly but now I'm told I also need to file Form 940 for FUTA. How is this different from 941? What exactly do I report on Form 940 and when is it due? My LLC is in a state that I've heard might have credit reduction issues. How do I figure that out?
Related Questions
What is FUTA and how much does a foreign-owned LLC pay for federal unemployment tax?
I keep seeing references to FUTA when reading about employer taxes for my foreign-owned LLC. I understand FICA but FUTA is confusing me. Is this separate from state unemployment tax? How much is it? I...
A contractor for my foreign-owned LLC won't give me their TIN — do I have to withhold 24%?
I hired a freelance writer through my foreign-owned LLC. When I asked for their W-9, they said they'd send it later and never did. I've already paid them $2,500 over several months. Now they're pushin...
How does my foreign-owned LLC file Form 1099-NEC for independent contractor payments?
My foreign-owned single-member LLC paid three independent contractors in the U.S. during 2025 — a graphic designer ($4,500), a content writer ($12,000), and an accountant ($3,200). Do I need to issue ...
How do I file Form 941 for my foreign-owned LLC — what gets reported each quarter?
My foreign-owned LLC started paying employees in February. I know I need to file Form 941 quarterly but I'm not sure what exactly goes on it. Is it just wages and taxes withheld? Do I report the emplo...
FUTA with one employee: when does my LLC actually have to deposit anything?
Mexican founder, US LLC, one full-time employee in the States since March. I keep seeing federal unemployment tax described as 6 percent in one place and 0.6 percent in another, and my provider says w...
My foreign-owned LLC has remote employees in 4 states — how do I handle multi-state payroll?
I own a foreign LLC and my team is fully remote across the U.S. — I have employees in New York, Texas, Oregon, and Florida. Each state seems to have completely different payroll tax rules. Do I need t...
I'm a foreign LLC owner hiring my first U.S. employee — what payroll taxes do I owe?
I own a single-member LLC registered in Delaware as a non-resident alien living in the UK. I just hired a full-time employee in Texas to handle customer support. This is my first hire and I have no id...
Can my foreign-owned LLC file Form 944 instead of quarterly Form 941?
I have a tiny foreign-owned LLC with one part-time employee whose total annual wages are about $8,000. Filing Form 941 every quarter seems like a lot of paperwork for such a small amount. I heard ther...
I'm a foreign LLC owner living in the U.S. — do I owe 'nanny tax' for my household employee?
I'm a non-resident alien who owns a U.S. LLC and I recently moved to the U.S. on a work visa. I hired a housekeeper who comes twice a week and I pay her $500/week in cash. A friend told me I might owe...
Does my foreign-owned LLC need workers' compensation insurance for its employees?
I'm setting up my foreign-owned LLC to hire employees in multiple states. I know about FICA, FUTA, and state unemployment tax, but someone mentioned workers' compensation. Is this another tax? Is it m...
Have a similar question?
ForeignLLCTax members get expert answers with IRS citations. One CPA consultation costs $200+. Full access is $9.99/month.
Become a Member — $9.99/moDisclaimer: All content on ForeignLLCTax.com is created by a tax professional and is provided for general educational and informational purposes only. It does not constitute tax, legal, or accounting advice, and should not be relied upon as such. Every tax situation is different — for advice specific to your circumstances, please consult a licensed CPA, Enrolled Agent, or tax attorney. By using this website, purchasing a subscription, or accessing any tools or services, you acknowledge that no client-professional relationship is established between you and ForeignLLCTax.com or its operators. This website is not affiliated with the IRS.


