Individual Tax Planning
We have compiled a list of actions for individual tax planning to help save tax dollars before year-end.
Individual Tax Preparation in Montana
You can rely on Anderson ZurMuehlen to keep up with the ever-changing, complex tax code.
On September 13th, House Ways and Means Committee unveiled their proposals to fund President Biden’s spending priorities.
Form 8938
Both the Form 8938 and FBAR forms require U.S. Persons to report Foreign Accounts to the IRS.
child tax credit
In March of 2021, Congress passed the American Rescue Plan Act (ARPA) and expanded the Child Tax Credit (CTC) temporarily.
deadlines
The federal income tax filing and payment due dates for the 2020 tax year for individuals will be automatically extended from April 15, 2021, to May 17, 2021.
covid-19 relief
ARP contains provisions designed to assist small businesses, in particular.
covid-19 relief package
The bill includes several measures to help individuals who have been adversely affected by the impact of the coronavirus pandemic on the economy.
tax identity protection
The IRS is now offering Identity Protection PIN (IP PIN) to all individual taxpayers.
estate tax exemption
The year 2020 has been full of uncertainty. The area of taxation is no exception.
Individual Taxpayer Identification Number
Certain ITINs will expire December 31, 2020, and must be renewed if you will be filing a tax return in 2021.  How do you know if yours will expire?  It will fall into one of these categories:
Economic Impact Payments
The IRS made millions of economic impact payments to help people stay afloat during this time of economic uncertainty related to the COVID-19 crisis.
Tax Relief for Individuals
Federal tax legislation is enacted to create tax relief for individuals and ease compliance burdens and economic pain.
agricultural
With the new year on the near horizon, here’s a quick list of tax and financial to-dos you should address before this year ends.

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