The Firm of Gardner & Billing, CPAs PLLC

Have you recently received correspondence from the Montana Department of Revenue with the subject "Business Income Tax Filing - FIRST REQUEST" ? Several of our 943 AG employers have received this correspondence in the last couple weeks.  Prior to 2012, 943 employers were not required to have a MT withholding account and many of our employers had to open an account that year to fulfill the new requirement.   As part of the processing of tax returns and W-2s, the MT DOR attempts to reconcile the W-2s filed by employers to a business tax return.  However, not all businesses are required to file a separate business entity tax return.  Many ranchers and sole proprietors can file their business income and expenses through their personal 1040 tax return via a Schedule C or Schedule F.   If you receive one of these letters, please feel free to bring it to our office for us to complete.  If you prefer to complete it yourself, all that is necessary is to mark the box in Part

Tax fraud is on the rise and can affect anyone, even those of us in small rural communities!  Please be vigilant and if you have a question or concern, contact the IRS Fraud Hotline 1-800-829-0433 IRS Wants You to Know About Schemes, Scams and Cons "If it sounds too good to be true, it probably is!" Don't become a victim to any scheme that offers instant wealth or exemption from your obligation as a United States citizen to file tax returns and/or pay taxes. Some of these schemes can literally cost you your life savings. Others can result in your prosecution and imprisonment if you knowingly participate in them. Abusive Return Preparer Taxpayers should be very careful when choosing a tax preparer. While most preparers provide excellent service to their clients, a few unscrupulous return preparers file false and fraudulent tax returns and ultimately defraud their clients. It is important to know that even if someone else prepares your ret

Just a reminder that if you are mailing your returns or payments they must postmarked today. If you miss the mail, you have until midnight today to file your federal taxes online at:  http://www.irs.gov/Filing If you need to file for an extension, you can use Form 4868 , however it's important to understand that filing for an extension does NOT extend your payment deadline.  To avoid interest and penalties you must pay 100% of your 2013 tax liability OR 90% of your 2014 tax liability.  To make a payment or file a Montana State income tax return, visit MT Dept of Revenue Taxpayer Access Point .  If you file a federal extension, no separate extension form is necessary for the state of Montana, however, in order for the extension to be considered valid, you must pay 100% of your 2013 tax liability OR 90% of your 2014 tax liability.