The Challenge: A travel nurse worked contracts across three different states in one year. Using basic online software, they improperly allocated their income and were double-taxed by their home state. They ended up owing money instead of receiving the IRS tax refund they expected from their high withholdings. The Moorhead Financials Solution: * We conducted a multi-state apportionment review, properly separating their tax-free housing and meal stipends from their taxable hourly wages.
- We filed amended state returns and corrected their federal Schedule A. The Result: We eliminated their tax debt and secured a $3,400 IRS tax refund, ensuring they only paid taxes on the income earned in each specific jurisdiction.