Tax & Accounting Blog

Montana Property Tax Reporting Changes

Montana Property Tax Reporting Changes

Montana Department of Revenue has incorporated thirty-two industry-specific trend and percent good tables from the Modified Accelerated Cost-Recovery System for manufacturing assets. This change affects taxpayers and industrial companies filing the CAB-10 Industrial Personal Property Reporting Form (due thirty days upon receipt). These trend and depreciation factors apply to assets used directly in the manufacturing … Read More

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Revised FATCA Foreign Financial Institution Agreement

IRS Revenue Procedure 2014-13, which will be published in the January 13, 2014, Internal Revenue Bulletin, contains the revised text of the FFI Agreement between a participating FFI (foreign financial institution) and the Internal Revenue Service under section 1471(b) of the Internal Revenue Code and § 1.1471-4 of the Income Tax Regulations. It details the … Read More