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)
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)
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)
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. QB Proadvisor Online
11/30/2017 11:11 AM - Comment(s)
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)
Just a PSA to say that the ability to prepare and e-file your 2016 taxes all online via Intuit’s TurboTax.com is now no longer possible as the IRS is no longer accepting 2016 e-filed returns. That deadline passed October 16th. E-filing via the various TurboTax products is not possible again until ...
10/25/2017 05:17 PM - Comment(s)

Remember, when closing or selling a business that you may have refunds owed to you such as prepaid insurance premiums, prepaid state unemployment insurance, utility deposits, rent deposits, etc.

Properly-recorded payments in your financial system should already show you what money you're due to get ...

08/23/2017 03:27 PM - Comment(s)