Kevin T King & Company, PC

01/31/2020

If you get anxiety about tax season, you’re not alone. Here are some tips on how to prepare, or just give us a call and we can help!

Benjamin Franklin once wrote that nothing is certain in this world except death and taxes. To that short list, may we add tax-induced stress? Here, three strategies for reducing the strain.

10/06/2017

For the first time, the Free Application for Federal Student Aid (FAFSA) opened on Oct. 1, for the 2017-18 academic year. In previous years, the FAFSA opened in January and required the previous year’s tax information, which was often yet to be filed. High school students and college students need to be aware of changes and new timelines to maximize their financial aid opportunities.
When the FAFSA opened in October it requires 2015 tax information. This will allow most families to directly import their tax information from the IRS, which should dramatically cut down the work required to file the FAFSA. For more information - check out the website below.

Starting with the 2017–18 FAFSA, the application is now available earlier and requests earlier income information.

10/04/2017

IRS Warns On 'New Twist' To Old Phone Scams.
Many taxpayers have received the bogus scam phone calls, claiming to be calling from the IRS. A new version of this scam is out - with the caller stating that you've been sent certified mail by the IRS that was returned as undeliverable. Check out this June article in Forbes for more details.

The Internal Revenue Service (IRS) has issued a warning about a new telephone scam making the rounds.

10/02/2017

We were just made aware of a new scam circulating - claiming to be calling from the Social Security Administration. The message states that your individual social security number has been suspended due to suspected fraud. As a reminder the Social Security Administration does not solicit your personal information over the phone or by email. For more details, see the article below.

Scam Awareness Posted on August 21, 2017 by Jim Borland, Acting Deputy Commissioner for Communications Social Security is committed to protecting the information and resources entrusted to us, including your personal information and investment. However, scam artists might try to trick you into shari...

09/29/2017

Endorsements
​Over 115 Income tax and income tax preparations endorsements for individuals, businesses and not-for-proits
Over 150 Assurance, accounting and financial reporting endorsements for audits, reviews and compilations.

Kevin T. King & Company, is a full service certified public accounting (CPA) firm, located in Billings, Montana and we are here to help with all your accounting needs, including: assurance services (Audit, Reviews and Compilations) for businesses and not-for-profits, Taxes (Individuals, Businesses,…

09/22/2017

If you donate real estate held more than one year, you generally can deduct its full fair market value and avoid any capital gains tax. But watch out for tax pitfalls. For example, the deduction for such a donation to a private foundation is limited to the lower of fair market value or your cost basis. If you donate property subject to a mortgage, you may recognize taxable income for all or part of the loan’s value. And failure to properly substantiate your donation can result in loss of the deduction and overvaluation penalties. Contact us to learn more.

09/20/2017

Pass-through entities far outnumber C corps. Here’s a closer look.

09/18/2017

Estimate How Much Mortgage You Can Afford
Interest rates are currently still very low, and that means a lot of people are trying to hurry and buy a house to keep the payments down. If that is your main motivation behind buying a house, you may want to reconsider the decision. But if you have been kicking around the idea already, then now might be a good time to dive a little deeper. Understanding how much house you can afford is the first step to making sure that you don’t get in over your head. Click the link below to read more.

12 Sep Estimate How Much Mortgage You Can Afford Posted at 21:44h in Accountant Billings MT, Financial Planning Billings MT by admin 0 Comments 0 Likes Interest rates are currently still very low, and that means a lot of people are trying to hurry and buy a house to keep the payments down. If that i...

09/15/2017

Millennials: Plan for Retirement Now or Pay the Price Later

Millennials are a stressed-out generation. A study by the American Psychological Association reported that the group of Americans in their early 20s to late 30s came in at a 5.4 stress level on a scale of 1-10, higher than the American average of 4.9.

09/13/2017

4 Money Mistakes You May Be Making

There's no guarantee, but avoiding these four money mistakes may help you survive and ultimately thrive in any turbulent economy.

09/11/2017

Everyone wants to look forward to a safe and prosperous retirement, but addressing retirement needs during your working years can be confusing!
According to a Federal Reserve report, 39% of U.S. adults say they have given little or no thought to financial planning for retirement. Taking a step-by-step approach can help - read on for some handy advice!

Retirement has its "check points," too. Use them to beef up savings.