The Montana Medical Savings Account (MSA) is a self-directed account that allows Montana residents to save for federally deductible medical expenses, including out of pocket medical insurance and long term care premiums as well as other personal care
This recent tax court case nixing the business mileage deduction for a taxpayer illustrates the importance of documenting your business expenses. Theron E Johnson, Petitioner v. Commissioner of Internal Revenue, Respondent T.C. Memo, 2020-79, 6/8.20
With the Covid-19 pandemic in full swing, many people are worried about going out in public, and especially face-to-face meetings. Taxes are no exception. For years, Shotland Tax Consulting has been preparing tax returns for their clients across Mont
INDIVIDUAL CHANGES These changes do not apply to corporations and partnerships.They are applicable to anyone who files a 1040 Individual Income Tax Return – The personal exemption for filers and dependents of $4050 each has been eliminated. -Th
Much has been written about the Affordable Care Act (ACA), aka Obamacare and its effects on taxes. Misinformation, scare tactics, and to an extent, a feeding frenzy among the tax preparer industry have ensued. The result is fear and confusion. This a
