Filing Your Return(s) and Paying Taxes
IRS e-file
FORM 940/941 MAGNETIC TAPE REPORTING
Magnetic tape reporting is neither a paper
nor an electronic system, but an alternative way of filing for
reporting agents filing Form 941, Employer's Quarterly Federal
Tax Return and Form 940, Employer's Annual Federal Unemployment
(FUTA) Tax Return. The Magnetic Tape Program is often referred
to as the "Mag Tape" Program.
Important References:
Fact
Sheet Magnetic Tape Reporting
Web Link:
Forms
940 and 941 Magnetic Tape