Federal Tax is collected from corporations and individuals by the state, city or country where the person lives. It is imposed by the Internal Revenue Services on the annual earning of individuals. Along with this, when the tax is credited to the government, it is said to be a federal tax. If you want to know how do I enter federal tax payments in QuickBooks, then keep reading.
How to Record Federal Taxes Paid in QuickBooks?
Follow these steps to record your federal taxes in QuickBooks accounting software:
1.) Firstly, you need to click on taxes.
2.) Secondly, you have to click on payroll tax.
3.) Thirdly, you are supposed to click on pay taxes.
4.) Now, click on record payment for the tax you have to pay.
5.) You need to click on other and add the actual date when the payment was made.
6.) Next, you have to add the cheque number.
7.) Finally, you need to click on approve and then print.
Hope, with the help of the above-mentioned you have got an idea of how to record the federal taxes in QB.
If you are seeking more information on how do I enter federal tax payments in QuickBooks, dial the Toll- Free QuickBooks Support Phone Number +1-888-660-0582.
Reference Source: https://www.nairaland.com/6002997/how-enter-federal-tax-payments
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