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Record Retention Guide For State & Federal Requirements (California / Nevada) A guide prepared as a service to our member credit unions.(Revised: 11/18/2010)Presented by: The Research & Information
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For state and federal refers to the process of submitting tax returns and other financial information to both the state and federal government.
Individuals and businesses with taxable income are required to file for state and federal taxes.
You can fill out state and federal tax forms either online, by mail, or through a tax professional.
The purpose of filing for state and federal taxes is to report income, deductions, and credits to determine the amount of tax owed or refund due.
Income, deductions, credits, and any other financial information relevant to calculating taxes must be reported on state and federal tax forms.
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