Phoenix Financial Group Enrolled Agent
Tax season is full of advice from friends, social media, and the internet—but not all of it is accurate. Believing common tax myths can lead to missed deductions, IRS notices, delayed refunds, or even penalties. Let’s separate fact from fiction by debunking some of the biggest tax myths taxpayers still believe in 2026. Myth #1:…
Filing your tax return accurately is one of the best ways to avoid delays, penalties, and unnecessary stress. Even small mistakes can lead to IRS notices, delayed refunds, or additional taxes owed. The good news is that many of the most common tax filing errors are preventable. By taking your time, keeping organized records, and…
Freelancing offers flexibility, independence, and the opportunity to be your own boss—but it also comes with added tax responsibilities. Unlike traditional employees, freelancers are responsible for tracking their own income, paying estimated taxes, and keeping accurate financial records throughout the year. The good news is that with proper planning and organization, you can avoid surprises…
Hearing the word “audit” can make any taxpayer nervous, but an IRS audit doesn’t automatically mean you’ve done something wrong. In many cases, an audit is simply the IRS requesting additional information to verify items reported on your tax return. Understanding how tax audits work, what the IRS looks for, and how to prepare can…
Medical expenses can add up quickly, especially if you or a family member experiences a serious illness, ongoing treatment, or unexpected medical emergency. While not every healthcare expense is deductible, the IRS allows taxpayers who itemize their deductions to deduct certain qualified medical and dental expenses that exceed a specific portion of their adjusted gross…
