Apart from federal taxes, companies and individuals who hire domestic employees are liable for other taxes such as Federal Insurance Contributions Act (FICA), Federal Unemployment Tax Act (FUTA) and state or local taxes. Here are some of them
The bank statement is the summary that is generated when you make money movements such as bank transfers or debit and credit card payments; which helps the professional accountant to know all the expenses and money inflows made by the account holder in a given period of time, either months or a year.
Here is a checklist and verification list that could help you when filing your returns with the IRS for the 2022-2023 season. Remember that, additionally, you must have your spouse’s information if you are filing jointly:
