income | Bakken CPA PC

Bookkeeping

Did you receive your social security benefit statement for your tax return?

If you receive social security benefits then by the end of January you should receive a statement, Form number SSA-1099, from the Social...

Bookkeeping, Taxes

Not reporting all the income that has been reported to the IRS by: Form 1099-MISC if you are a sole proprietor, independent contractor or you...

Financial Records, Taxes

Do you wait until the year is over to update your books? If so, you’re missing out on seeing if you could have saved some money before the year...

Taxes

Any debt that has been canceled can be considered taxable on your income tax return. You would normally receive a Form 1099-C, Cancellation of...

Financial Goals, Financial Planning, Taxes

Are you interested in maximizing your tax savings? If so, it’s not too late to take advantage of Tax Planning! You can take steps now to...