Mikey’s Blog

Comments and Information of interest to our clients.

AP Story: How to find a good tax preparer

Tax preparers do a big chunk of America’s tax returns — more than 80 million a year, according to the IRS — but if you’re nervous about handing confidential information to someone in a largely unregulated field, you’re not alone. Here are some tips to help you find a good tax preparer and reduce the […]

January 2017 – Snow, Freezing Rain, Cold

January 16, 2017 Barbara and I flew to Billings MT on Friday January 6th to attend a family wedding reception on Saturday January 7th.  When we arrived in Billings that Friday evening we found the roads packed with snow, and below freezing temperatures with highs in the teens, and lows down to 7.  I wasn’t […]

35 Bizarre Things You Can Be Taxed On

35 Bizarre Things You Can Be Taxed On Lifted edited and rewritten from an article on the internet, By Carrie Kirby on 19 December 2016 Once the Yuletide log burns out and the New Year’s ball drops, it’s soon time for a less joyful annual tradition: Calculating how much money you owe the Internal Revenue […]

New Due Date: Partnerships & LLC’s (2 or more member)

IRS CHANGES DUE DATE FOR FILING PARTNERSHIP RETURNS (Including multi-member LLC’s) New for 2016, the due date for filing your Partnership (Form 1065) has been moved up to March 15th instead of April 15th.  This change affects not only partnerships, but also multi-member LLC’s. For 2015 and earlier partnership returns, the due date of the […]

NEW – IRS Changes 1099-MISC Filing Dates

2016 Form 1099-MISC Miscellaneous Income What’s New New filing date. Public Law 114-113, Division Q, section 201, requires Form 1099-MISC to be filed on or before January 31, 2017, when you are reporting nonemployee compensation payments in box 7. The new law only applies to Form 1099-MISC,  and only when there is an amount in […]