The Firm of Gardner & Billing, CPAs PLLC

SPIRIT WEEK & ACTIVITIES  Monday, September 24 Teacher Imitation Day Tuesday, September 25 Patriotic/Red, White, & Blue Day Wednesday, September 26 Dynamic Duo/Twin Day Thursday, September 27 Decades Day - Seniors-80's, Juniors-70's, Sophomores-60's, Freshman-90's, 8th grade-Roaring 20's, 7th grade-50's Coed Volleyball game, 7:00 Bonfire after volleyball game Friday, September 28 Green & White Day JHVB vs St. Labre, 4:00, 2 games VB vs. St. Labre, 6:00, Varsity Only Saturday, September 29 Homecoming Parade, 10:00, Line-up at 9:30 Tailgate Party, 11:00 FFA Slave Auction FB vs. Plentywood, 1:00 JHFB vs. Lodge Grass, 4:00 Also, check out the Powder River Examiner article to learn more about the hay bale decorating contest and pop up curb extension project! 

Saturday, September 22nd is officially  the first day of autumn!   So from our homes to yours, Happy Fall!

The IRS has provided the following FAQs in relation to the Section 199A Deduction for Qualified Business Income.   Basic questions and answers on new 20-percent deduction for pass-through businesses Below are answers to some basic questions about the new 20-percent deduction for pass-through businesses. Also known as the section 199A deduction or the deduction for qualified business income, the deduction was created by the 2017 Tax Cuts and Jobs Act. Q1. What is the Deduction for Qualified Business Income? A1. Section 199A of the Internal Revenue Code provides many taxpayers a deduction for qualified business income from a qualified trade or business operated directly or through a pass-through entity. The deduction has two components. Eligible taxpayers may be entitled to a deduction of up to 20 percent of qualified business income (QBI) from a domestic business operated as a sole proprietorship o

Proposed regulations have been released on the new Section 199A (qualified business deduction) as part of the Tax Cuts & Jobs Act. This deduction will be available in the 2018 tax year for many sole proprietors, partnerships, trusts and S Corps and will allow for a 20% deduction on qualified business income. Learn more through the IRS website or by contacting our office. _________________________________________________________________ IR-2018-162, Aug. 8, 2018 WASHINGTON — The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The new deduction -- referred to as the Section 199A deduction or the deduction for qualified business income -- was created by the Tax Cuts and Jobs Act. The deduction is available for tax years beginning after Dec. 31, 2017. Eligible taxpayers can claim it for the