General Information
***IDENTIFY THEFT is on the rise. NEVER give out personal information on the phone to someone you don’t know. In addition, the IRS will not call and threaten you, or ask for personal information on the phone or email. They will contact you by letter first and inform you of any further correspondence. If at any time you are unsure of correspondence or communication, feel free to call or go online to get the direct number to call the IRS.
Company
(406)863-2668
Call for an Appointment
Cora's Tax & Accounting
Cora Arnold, EA
750 2nd Street W Ste A
Whitefish, MT 59937
Office (406)863-2668 Fax (406)863-2375
2024 Tax Changes
NEW LLC / CORP / S-CORP REPORTING REQUIREMENTS - IMPORTANT
Starting Jan 1st, 2024 ALL new LLC, S-Corp, Corp will need to file with the FINCIN reporting agency the business information and beneficial owners within 90 days of organizing the business. If an owner fails to comply, it could result in significant penalties. Because of the extensive penalties and liability issues, I will not be able to provide this service. If I did, I could potentially lose my liability insurance and I cannot risk that. In addition to this reporting requirement, in 2025 the reporting requirement will apply to ALL LLC, S-Corp, and Corp. I would encourage all of you to contact your congressman to fight this unnecessary regulation. Stuff like this scares the crap out of me! I do apologize for not helping with this part of compliance but the penalties for not complying could be up to $10,000 or more, so I hope you can only imagine what that would do to my tax preparation fees. As I get further information of where and how to report, I will forward it to you.
Here is the website to report your information, which is not available until after Jan 1st, 2024, so currently, I don’t have any other information. This link will also have a link to answer any questions.
If you DO NOT want to give your personal Information to a stranger, you can apply for a FINCIN ID #. You would then provide that number to the person responsible ro filing the report.
Montana 2024
NEW MW4 - Be sure to complete a new MW-4 with your employer. Montana has changed the tax structure starting in 2024. New ensure you have proper withholding, it is necessary to complete the new form.
Property Tax Rebate (HB222)
What is the Property Tax Rebate?
The Property Tax Rebate is a rebate of up to $500 a year of property taxes on a principal residence paid for 2022 and 2023.
How much is the Property Tax Rebate?
For each year, the rebate is the lesser of:
*The actual amount of property tax you paid for your principal Montana residence,
*or $500
The 2022 Property Tax Rebate is a rebate of property taxes assessed and paid on the bill that had the first-half payment due in November 2022 and the second-half payment due in May 2024.
What are the qualifications?
You qualify for a Property Tax Rebate if you:
*Owned and lived in a Montana property as your principal residence for at least 7 months of each year, and
*Were assessed and paid property taxes on this residence in the relevant tax year(s).
How do I claim a rebate?
Taxpayers may claim the 2022 rebate online through our TransAction Portal or by paper form beginning August 15, 2023. The claim must be filed by October 1, 2023.
Taxpayers may claim the 2023 rebate online through our TransAction Portal or by paper form beginning August 15, 2024. The claim must be filed by October 1, 2024.