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Avoiding the Failure-to-File Penalty: What to Do If You Miss the Tax Deadline

Missing the federal tax filing deadline can be stressful and costly. The IRS imposes a Failure-to-File Penalty on taxpayers who…

3 weeks ago

Audit-Proofing Your Medical Expense Deductions: Documentation Tips

Claiming a medical expense deduction on your tax return can lead to meaningful savings, especially if your healthcare costs are…

3 weeks ago

At-Risk and Passive Activity Limits: How They Interact with Schedule K-1

Schedule K-1 (Form 1065) is a key tax document that reports your share of income, deductions, credits, and other tax-related…

3 weeks ago

Arizona’s Medical Deduction Advantage: Should You Itemize at the State Level?

When preparing your tax return as an Arizona resident, you might automatically assume that if you claim the standard deduction…

3 weeks ago

Arizona Allows Full Medical Expense Deductions: What That Means for Your State Return

Arizona stands out among states by allowing taxpayers to deduct **100% of qualifying medical and dental expenses**, uncapped by any…

3 weeks ago

Are There Exceptions or Reasonable Cause Relief for Late Form 1065?

Partnerships that fail to file Form 1065, the U.S. Return of Partnership Income, on time often face substantial penalties. However,…

3 weeks ago

Are Home Improvements for Medical Reasons Deductible?

Medical expenses often extend beyond doctor visits and prescriptions. For many individuals with disabilities or chronic illnesses, adapting a home…

3 weeks ago

Are Dental and Vision Costs Deductible? Your 2025 Guide

When it comes to medical expenses and tax deductions, many taxpayers are uncertain about whether dental and vision care qualify.…

3 weeks ago

Aligning Extension Deadlines Between Federal and State Tax Returns

Filing extensions can relieve the pressure of gathering documents and finalizing calculations by the April 15 deadline (or the applicable date…

3 weeks ago

Why Was My Refund Taken for a Debt I Don’t Recognize?

Few things are more frustrating than eagerly awaiting your tax refund—only to discover that it was reduced or completely withheld…

3 weeks ago

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