KBEAR: Billings' Greatest Hits » taxes

Tax Time and I Get Lost In the System

Greg Tillotson — Sun, 14 Apr 2013 22:29:31 +0000

Let me set the scene: a lazy Sunday afternoon, the Masters Golf tournament on the TV and I am working on the taxes. After careful consideration we decide to file an extension. No big deal, I’ve got the latest “whiz-bang” software from a tax firm that uses two letters before the word block. I find [...]

It's Free Money…Really It Is

Greg Tillotson — Fri, 05 Apr 2013 15:32:22 +0000

In case you haven’t noticed, April 15th is closing in on us fast. There is only one more weekend to get those taxes figured out. And if you haven’t noticed, K-Bear and Big Sky Steel and Salvage and giving K-Bear VIP members a tax rebate this year. How does $1,000 sound? And we make it easy [...]

Filing Your Taxes at the Last Minute? Here Are Five Things You Need to Know

Maura Chwastyk — Tue, 10 Apr 2012 18:00:57 +0000

Remember the kids who always sat in the front of the classroom, the ones who reminded the teacher when she forgot to hand out homework? Those kids grew up into adults who get their oil changed every 3,000 miles, visit the dentist every six months like clockwork and file their taxes as soon as they can.

Then there were the back of the class kids. They’re now the reasons dentists send those “we’ve missed you” cards and cars have low oil lights. If you’re a “back of the classroom” kid, don’t worry — there’s still time to get those taxes filed. Here are a few handy tips for the procrastinators of the world.

Yankee Fan Who Returned Jeter's 3,000th Hit Is In Trouble With The Government

Livin Large Larry — Tue, 12 Jul 2011 21:29:57 +0000

By now you have heard the story of Christian Lopez. He is the guy who returned Derek Jeter’s 3,000th hit on Saturday night. In return he is a hero to all baseball fans and Yankee players! But the perks he received in return from the Yankee’s may cost him taxes! …read the Yahoo scoop [...]

How To File an Extension For Your 2010 Taxes

K Bear — Mon, 18 Apr 2011 18:16:03 +0000

Because of Emancipation Day, a little known Washington D.C. holiday that this year is being celebrated on April 15, US taxpayers had until April 18 to file their taxes.

For some people that still won't be enough time to get all their papers in order. If you find yourself in that boat, you can file for an extension with the IRS.

It's important to remember that filing an extension doesn't extend the due date for any money you owe the IRS, and you will have to pay interest and possibly penalties on any money you send to the government after the April 18 deadline.

Read on for advice, from the IRS website, on who should and shouldn't file for an extension.

Useless Tax Trivia

Livin Large Larry — Mon, 18 Apr 2011 18:04:29 +0000

To break up the monotony of your tax day today, how about a little “useless” tax trivia! Useless Tax Trivia: • In ancient Roman Days, they used to tax urine since it was a highly valued cleaning agent. • Unshaven Russians used to pay a tax on their beards. • An average of 3 hours [...]

Tax Day Is Here!

Livin Large Larry — Mon, 18 Apr 2011 13:00:51 +0000

Maybe take a day off! Don’t you think that “tax day” should be a holiday? Not going to happen. So your taxes are due at 11:59pm tonight! Ktvq-q2 says: Billings Post Offices will all close at regular time but three offices will offer later services. There will only be one location in Billings that will [...]

Tax Day Procrastination

Livin Large Larry — Sun, 17 Apr 2011 19:34:12 +0000

You have put off your tax filing long enough! The 15th was Friday. Because it was “Emancipation” on Friday in D.C. it was a day of reprieve for you and your taxes due date too. can’t pay it all? Pay some. The IRS looks favorably on filers they believe are making a good faith effort. [...]

Seven Ridiculous State Taxes

K Bear — Fri, 15 Apr 2011 17:37:39 +0000

While doing (and paying) your taxes is the opposite of a good time, there are some taxes that are so ridiculous, they’re actually kind of fun. Well, maybe not so fun if you actually live in one of these states. Check out our list of seven ridiculous state taxes: Illegal Drug Tax – Tennessee In [...]

Five Forbidden Tax Deductions

K Bear — Tue, 12 Apr 2011 18:12:15 +0000

One of the few joys of tax preparation is making deductions and watching your bill from Uncle Sam get lower and lower. Here’s a list of five expenses that might be tempting to deduct, but are strictly forbidden by the IRS. 1. First Land Line If you happen to be one of the increasing number [...]