940 Federal Unemployment tax

[spuello]

I do some consulting at home using an LLC. My wife helps and I file federal, social security and medicare taxes. Additionally since we live in Florida, I pay Florida reemployment tax. I had read somewhere that in my situation, we would not have to pay federal unemployment and file 940 forms. Turbotax sent me a reminder this year which made me realize may be I have to?

Can someone please clarify this for me.

Thank you,

SPuello

[DaveF1006]

 No, according to the IRS, you do not need to pay FUTA if your wife is your only employee. Please disregard the Turbo Tax reminder as it was only reminding you that you may need to file Form 940.

Tax Treatment for Family members 

[spuello]

Thank you very kindly for your kindness and taking the time to research. 😊