Finance & markets · 01/08/2003Updated: 10/17/2026 · 1 min read
IRS to Discontinue Magnetic Tape Processing for FUTA and FICA Forms
Summary
The Internal Revenue Service will stop processing Magnetic Tape for Form 940 and Form 941 by February 2004, as part of its shift to modernized technology, in line with its commitment to keeping businesses informed.
Original source language: Federal Register — Department of the TreasuryOpen original release →