Montgomery Business Solutions

Taxes

Blog categorized 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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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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TurboTax Online Tax Prep

By Leigh Ann

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)
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IRS Advice for Coastal States

By Leigh Ann

09/08/2017 02:17 PM - Comment(s)
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Thank You First Responders

By Leigh Ann

Montgomery Business Solutions would like to extend our thanks to the paid and unpaid first responders who are helping those in need in Harris and surrounding Gulf coast counties impacted by #harvey.  https://www.redcross.org/donate/donation

08/27/2017 10:37 PM - Comment(s)
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