As of 2024 the FINANCIAL CRIMES ENFORCEMENT NETWORK (FinCen) division of the United States Treasury is requiring all LLCs, Multi-Member LLCs, LLPs, Partnerships,
S-Corps, PCs, and C-corps to file a Beneficial Ownership Information Report. These must be completed ASAP! For more information please visit the FinCen website at this address
Starting January 29, 2024 the much anticipated 2023 tax filing season begins! It will be an extra special one since 2024 is a leap year!
Mark your calendars as the filing deadline for S-Corps and Partnership (Multi-Member LLC) returns are due
Friday, March 15 while indvidual and Schedule-C returns will be Monday, April 15.
For 2023 the federal standard deductions are as follows:
$13,850 for single filers or married filing separately.
$20,800 for heads of household.
$27,700 for married filers.
Additional standard deduction amounts for over 65 or the blind is $1,500.
The additional over 65 standard deduction amount increases to $1,850 for single or head of household filers.
10% for incomes under $11,000 ($22,000 for married couples filing jointly)
12% for incomes over $11,000 ($22,000 for married couples filing jointly
22% for incomes over $44,725 ($89,450 for married couples filing jointly)
24% for incomes over $95,375 ($190,750 for married couples filing jointly)
32% for incomes over $182,100 ($364,200 for married couples filing jointly)
35% for incomes over $231,250 ($462,500 for married couples filing jointly)
37% for incomes over $578,125 ($693,750 for married couples filing jointly)
The Tax Cuts and Job Act abolished the Obamacare penalty on tax payers who were not covered by health insurance
for 2019 and beyond. However, if you are covered by a health insurer through healthcare.gov,
they will send you a form 1095-A in early 2024,
and we absolutely must have that form to finish your returns!
To assist taxpayers in deciding their withholdings claimed on their employers' W4 forms, the IRS provides
a withholding calculator which we recommend all our clients utilize. The withholding calculator is available at this link:
Personal and Business Tax Prep/Consultation and Planning
Today’s complex business world needs a comprehensive tax team that can help
you organize and manage your finances through our professional tax preparation & consultation.
We help businesses and individuals stay ahead of their finances by organizing and planning for
Our professionals bring over 50 years of combined experience, and the most up-to-date legal
and technical knowledge in the industry. Let us help you prepare and plan for your financial
Our bookkeepers provide full service bookkeeping utilizing Intuit QuickBooks®, as well as small business consulting. We are
focused on the needs of small businesses operating in the Flathead Valley of Montana.
The link below is to our client engagement agreement for bookkeeping which elaborates further on these
We can help you file your company Annual Reports each year, and have a staff of experts
that can help this process go as smoothly and as fast as possible.
Annual Minutes are yearly documents that record your company Annual Meeting information,
which is to be held each fiscal year by the directors, even if it is just yourself. Included in
these documents are: the date & location of your meeting, attendees, a summary of your company actions
throughout the last fiscal year, and a statement as to what the company’s future resolutions are.
Though they do not need to be reported, Annual Minutes must be documented in case an IRS audit
were to occur. At Jeffrey D. O’Brien CPA, and Western Business and Tax Services we help you organize
and file both Annual Reports and Annual Minutes.
Access forms and publications
Research tax issues
(406) 752-6636 - Local Kalispell Number
(800) 829-1040 - Toll Free for Individuals
(800) 829-4933 - Toll Free for Businesses www.irs.gov
Montana Department of Revenue
Research tax issues
Sign up and pay individual income taxes online
Information on property tax assessments and reappraisals
(406) 758-5700 - Local Kalispell Number
(406) 444-6900 - Helena Call Center revenue.mt.gov
Personal Tax Exemptions and Deductions
Publication 501 from the IRS explaining the claiming of dependents, exemptions and filing information.
Administer changes to your Social Security Card
Plan and apply for retirement and disability benefits
View your Social Security Account www.ssa.gov
Enroll in Medicare
Access Medicare billing and claims
Compare health plan options in your area
Identify programs that may assist with your prescription drug and other health care costs
Compare nursing homes in your area www.medicare.gov
Insurance coverage including worker's compensation
Access forms and instructions
Information on reporting injuries and claims
Definition and guidance for independent contractors www.montanastatefund.com
QuickBooks® Accounting Software
Research technical support
Access program updates
Purchase software quickbooks.intuit.com