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Apr 3, 2025Though knowing the fundamentals will help you navigate through the procedure easily, living in one state and working in another can make tax filing a little more difficult. State Income Tax Obligations Reciprocity Understandings Credits for Nonresident Taxes Remote Work Issues to Think About Withholding Adjustments and Filing Deadlines While certain states might vary, filing […]
adminApr 3, 2025Penalty for Not Filing Failure to Pay Penalty Related Accuracy Penalty Employer’s Failure to Deposit Penalty Trust Fund Recovery Penalty Estimated Tax Penalty for Underpayment Criminal Penalties and Fraud Dishonored Check Charge Avoiding Penalties The IRS provides payment plans for those who cannot afford to pay in full to assist them in avoiding too high […]
adminMar 28, 2025Though the regulations can be convoluted, certain criteria allow for the deduction of casualty and theft losses. Usually, these losses are from harm or loss of property caused by unanticipated, abrupt occurrences like fires, storms, floods, theft, or accidents. Losses from CasualtiesWhen your property is damaged or destroyed by an unanticipated occurrence such as: To […]
adminMar 28, 2025The tax returns for the current year and the previous two years can be filed electronically. Paper filing is mandatory for tax returns older than two previous tax years. This implies that you have to print, sign, and mail your tax return to the state or IRS. Before the end of the filing season, you […]
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