Kathryn Brann, Inc

03/22/2020

You may have heard the rumors... I’m here to confirm. Both the IRS and the State of Montana have extended their tax deadlines to July 15. That means you have an additional 3 months to file and pay any tax due without penalty. That said, we are still working hard to get returns done!

IR-2020-58, March 21, 2020 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.

03/18/2020

The IRS and Treasury department are providing a bit of relief to taxpayers. For those owing less than $1 million, the IRS will abate penalties and interest for 90 days after the April 15th deadline. Your return still must be filed or extended by April 15, but you will have a bit more time to pay (penalty and interest free). Please let me know if you have questions or need help with your return or understanding the implications of this mandate on your situation.
At this time, Montana has not released any information about a deadline extension, though many other states have. Please double check the requirements in each of the states in which you are required to file and/or pay.

Taxpayers are about to get a three-month reprieve to pay income taxes owed, Treasury Secretary Steven Mnuchin said at a news conference Tuesday.

01/06/2020

The new decade brings new challenges. This is great advice and something to keep in mind as you get used to writing the new year on documents.

(CNN) – Abbreviating the year 2020 to just “20” may be a time saver, but it could be a costly mistake. A Facebook post from the East Millinocket Police Department in Maine warned …

10/31/2019

Phew! Just finished 3 intensive days of continuing education. Now is a great time to schedule an appointment for 2019 tax planning!

09/16/2019

Just a friendly reminder that today is the deadline for your 3rd Quarter estimated tax payment! Be sure to get your payments in. If you’ve missed the post office, you can still pay online! Visit https://www.irs.gov/payments for more information.

12/20/2018

Please check your withholding for 2018 to avoid any unpleasant tax season surprises. A withholding calculator is available through the IRS website. You will need your most recent pay stub and most recent income tax return. The calculator is available at the following link:

The Calculator helps you identify your tax withholding to make sure you have the right amount of tax withheld from your paycheck at work.

12/18/2018

Day 2 of nailing down the finer points of the Tax Cuts and Jobs Act... the largest tax reform in 30 years!

10/11/2018

Extension Deadline is this Monday, October 15, 2018! Did you wait until the last minute? Need help? We have some availability for new clients. Please call for an appointment. (406)862-8290