Montgomery Business Solutions

#taxes

Blog tagged as #taxes

Veterans Owed Refunds

By Leigh Ann

Veterans owed refunds for overpayments attributable to disability severance payments should file amended returns to claim tax refunds

IR-2018-148, July 11, 2018 — The IRS today is advising certain veterans who received disability severance payments after January 17, 1991, and included that payment as...

07/12/2018 05:13 PM - Comment(s)
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Is It Time to Hire an Accountant?

By Leigh Ann

While Montgomery Business Solutions is not an accounting firm we do encourage our small business customers to have an outside CPA/Accountant review their financial reports and, in some cases, the actual database those reports are based on. This is usually a once a year task for small businesses but ...
06/18/2018 11:36 AM - Comment(s)
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Home Equity/HELOC Interest

By Leigh Ann

Please remember, starting this year interest paid on home equity loans and home equity lines of credit (HELOC) are no longer deductible on Schedule A of your taxes unless you used the proceeds to pay for home renovations or additions. See this article from WAPO for further explanation. www-wsj-com....
06/18/2018 11:27 AM - Comment(s)
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Help with QuickBooks

By Leigh Ann

For QuickBooks subscribers who feel they need a bookkeeper's review of their accounts contact Montgomery Business Solutions today. Start 2018 fresh with clean 2017 data. 
11/30/2017 11:11 AM - Comment(s)
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Now an Authorized E-File Provider

By Leigh Ann

Is your tax preparer slow to respond? Switch to MBS as we are now an Authorized IRS E-File Provider (finger-printed and background-checked). Free review of last year's return. 
11/30/2017 10:54 AM - Comment(s)
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