tax deductions | Bakken CPA PC

Taxes

How Will the New Tax Reform Bill affect your tax return?

The Republican tax bill, Tax Cuts and Jobs Act, will have an impact on your tax bill. Some items will be favorable and some not so much. ...

Financial Planning, Taxes

Tax planning can be challenging and finding ways to reduce your taxes can by frustrating. Here are 3 common questions I am asked when it comes...

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...

Financial Goals, Financial Records, Taxes

Lending money to family members probably dates back to the invention of money. Tax problems can arise when you first lend money, as you’re...