Northern Tax

10/21/2025

Be prepared, the irs is phasing out the option to receive a refund on a paper check. Looks this goes into effect this spring.

IR-2025-94, Sept. 23, 2025 — The Internal Revenue Service, working with the U.S. Department of the Treasury, today announced that paper tax refund checks for individual taxpayers will be phased out beginning on Sept. 30, 2025, as required by Executive Order 14247, to the extent permitted by law.

07/17/2025

1099 MISC and 1099 NEC will have some changes with the Big Beautiful Bill Act that went through. For payments made AFTER Dec 31 2025, the new reporting limits are $2,000 and then will be adjusted fir inflation yearly going forward. This affects tax year 2026. It may be of some interest for land contracts being written up with payments in tax tear 2026.

05/20/2025

Farmer and ranchers: watch your receipts! There is NO sales tax on agriculture use parts new or used. My son, who farms, recently got charged sales tax on planter parts at a well known implement dealership in Bismarck.

ND tax guidelines clearly states: "I. Farm Machinery and Irrigation Repair Parts: The gross receipts from sales of new or used
farm machinery repair parts and new or used irrigation parts intended for farm machinery or
irrigation equipment used exclusively for agricultural purposes are exempt from sales tax. New
farm machinery and new irrigation equipment used exclusively for agricultural purposes are
subject to the 3% farm machinery gross receipts tax. Used farm machinery and used irrigation
equipment used exclusively for agricultural purposes are exempt from the gross receipts tax.
See the Guideline - Farm Machinery and Farm Irrigation Equipment for more information -
www.tax.nd.gov/guidelines."

https://www.tax.nd.gov/sites/www/files/documents/guidelines/business/sales-use/guideline-exemptions.pdf

04/15/2025

If you need an extension, please contact me prior to 4 pm today!! THANKS EVERYONE for a fantastic tax season!

04/06/2025

The tax office will be closed the morning of Monday, April 7th.
And....If you need an extension, please call me prior to 4 pm on April 15th.

03/14/2025

Just a reminder, if you had anyone take any college courses in HS, or later, the 1098-T from colleges are not sent out, typically. You must log into campus connection and print them! They typically produce nice tax credits if your scholarship amount does not exceed your tuition. Instructions on printing below!

03/06/2025

For any small businesses looking to take credit cards, I'm going to share a referral link. I've had square for years, and have always found their fees to be very competitive if not better than competitors.
When you invite friends to join Square you both benefit from rewards, including credits on processing fees of up to $1,000 in sales over the next 180 days (6 months) or $20 off the purchase of a Square Reader for contactless and chip in Square Shop.
Sharing a referral link squareup.com/i/NORTHERNTX

Send a message to learn more

02/04/2025

Do you own a home in North Dakota? There is a SECOND round of the $500 primary residence credit available for property taxes. If you filed last year for it, all you need is the first 4 letters of your last name and the house number. If this is your first year filing for it, you need the parcel number. This must be filed online, and are due March 31. https://www.tax.nd.gov/prc

If you are elderly, you may ALSO qualify for the Homestead Credit. The limits on that are $40,000 for 50% off your primary home taxes, and if you are under $70,000 up to 100% off your primary home taxes. This is filed on paper with your local courthouse. https://www.tax.nd.gov/tax-exemptions-credits/property-tax-credits-exemptions/homestead-property-tax-credit-and-renters

There is also a Disabled Veterans Property Tax Credit. This is filed on paper with your local courthouse. https://www.tax.nd.gov/sites/www/files/documents/forms/property-tax/property-tax-general/application-for-disabled-veterans-property-tax-credit.pdf

These credits typically do not pay any specials, only tax.

Feel free to contact me if you need assistance getting these credits applied for!

The Primary Residence Credit page.

01/24/2025

If you are in the market for an old school bookkeeping book for your small business or farm and ranch, I have them on hand for sale. $15 apiece. Pick up in McClusky or can mail if you cover the postage.

12/24/2024

The BOI injunction has been lifted. New due date Jan 13.

The Fifth Circuit Court of Appeals on Monday granted a Justice Department motion to lift an injunction imposed by a district court ruling. Hours later, FinCEN announced, in light of the court decision, that the Jan. 1, 2025, reporting deadline was extended to Jan. 13 for most reporting companies.

12/06/2024

BOI filing has been suspended.

What Happened

11/22/2024

Getting questions about whether sole proprietorship need to file a BOI. The answer is NO, unless you are a single party LLC filing as a sole proprietorship. If you are an LLC, you definitely need to file! https://boiefiling.fincen.gov/