Form 940 and W-2

[Monica Barnard]

CPA client just called about Form 940 asking if they have to report contributions to their retirement plan on the 940 now. I don't prepare these, so I didn't know. I did pull the form off of the IRS.GOV Web site. It appears to me that what is being asked for is if the employer pays retirement benefits and uses their corporate ID # rather than trust ID#, those benefit payments would be reported on the 940, but not subject to FUTA. Can anyone confirm or correct this? She also asked me if they should be reporting matching contributions on the employees W-2s. That was also a new one on me. Any help on this is greatly appreciated!

[Bird]

It appears to me that what is being asked for is if the employer pays retirement benefits and uses their corporate ID # rather than trust ID#, those benefit payments would be reported on the 940, but not subject to FUTA.

I think you are right, with the key words being "if" and "and." It's probably not applicable.

if they should be reporting matching contributions on the employees W-2s

No