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The IRS on Thursday issued its annual inflation-adjusted amounts for health savings accounts next year, with small increases across the board as inflation cools.

Lawmakers debated a record number of bills and passed major initiatives including medicaid expansion, income and property tax reform, and investments in teacher pay

The Trump administration is reportedly making plans to shut down the Internal Revenue Service's Direct File free tax prep system next year.

With the tax deadline approaching this Tuesday, NBC Montana reached out to a local Certified Public Accountant to get some insights.

State changes to licensing rules are chipping away at a decades-old system that has largely required CPA candidates to complete what effectively amounts to a fifth year of schooling.

Taxpayers may amend their return to revoke an election and its related adjustment if the original filing included an incorrect adjustment or unintentional election.

Montana’s 2024 tax season introduces significant updates to the fiduciary income tax return (Form FID-3) as part of the state’s tax simplification initiative.

Last summer, when Montana State University graduate student Connor Green was spending time with family, he didn’t expect his grandfather to receive a phone call he’d still think about five months later.

Taxpayers preparing their 2024 Montana tax return may be noticing the effect of Senate Bill 399 from the 2021 Legislature.

As of last week, business owners faced a March 21 deadline to complete the report. Now, the deadline has been suspended.

The past few years have seen increasing debate among professional thought leaders over whether the 150-hour requirement has been detrimental to the profession.

Most small businesses required to file beneficial ownership information (BOI) reports will have until March 21 to do so after a federal district court lifted the last remaining nationwide injunction that halted the filings, the Financial Crimes Enforcement Network (FinCEN) said Wednesday.

A federal district court lifted the last remaining nationwide injunction stopping beneficial ownership information (BOI) filing requirements, but the federal enforcement agency has promised at least a 30-day delay before new filings will be required.

Montana State University accounting students are providing free tax preparation assistance later this month.

Pertaining to the implementation of Senate Bill 54 (2023)(SB 54) and revisions to centrally assessed property rules

The Supreme Court on Thursday issued a stay of a nationwide injunction that banned enforcement of beneficial ownership information (BOI) reporting requirements, meaning the government can enforce the rules.

Modeled after the federal Low-Income Housing Tax Credit, the state credit in House Bill 21 aims to be one fix to the state’s persistent lack of housing and the high cost of existing homes.

Individuals and businesses owning business equipment (as of January 1, 2025) with an aggregate market value of more than $1 million statewide must report the equipment owned by March 1, 2025, to avoid a 20 percent penalty.

No, MTCPA does not oppose specific policies or funding decisions made by the state government, such as housing initiatives, adoption, or renewable energy efforts.

This article reviews these recent initiatives and finds reason to believe that progress is being made, even if much remains to be done.