News

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

This order promotes operational efficiency by mandating the transition to electronic payments for all Federal disbursements and receipts by digitizing payments to the extent permissible under applicable law.

The interim final rule issued by the Financial Crimes Enforcement Network on March 21 marks the end of an on-again, off-again saga for millions of small businesses that began in late 2024.

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.

In November 2024, thousands of CPA volunteers and high school students nationwide participated in presentations, activities and mentorship opportunities aimed at providing students a clear pathway to a rewarding profession.

Want to make an impact on the future of accounting in Montana? Apply to be the MTCPA Student Board Representative!

As a student, your registration is 100% free—plus, if you live 30+ miles away from the host city, you’ll receive a per diem for travel and hotel!

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

Outline of the revenue and economic effects of extending the expiring 2017 Tax Cuts and Jobs Act (TCJA), the policies President Trump called for in his joint address to Congress, and the House and Senate budget resolutions.

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.

You know a career in accounting is dynamic and can encompass business strategy, data analytics, sustainability reporting, audit and assurance and so much more. Yet, the number-loving stereotype of the accountant still lingers.

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.

Heading into Presidents’ Day weekend, Elon Musk and his Department of Government Efficiency (DOGE) turned their attention toward the IRS, drawing pushback from Democrats while a federal judge considered whether to allow the controversial team access to sensitive Treasury data.

Many nonprofits, of course, did what they always do in such situations — laying quick groundwork to explore the full range of their possible choices for delivering on mission even when it appeared that a good part of their funding bases might be disrupted and maybe even eliminated virtually overnight.

The outlook for economic growth is cooling.

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

In a significant development affecting federal funding, the Office of Management and Budget (OMB) issued Memorandum M-25-13 on January 27, 2025, directing a temporary suspension of obligations and disbursements of federal financial assistance.

Recorded webinar by the National Council of Nonprofits.