XL Country 100.7 KXLB Radio » Taxes

Republican Lawmaker Seeks to Cut Tourism Tax On Montana Hotels

Associated Press — Wed, 20 Mar 2013 20:43:44 +0000

A Republican lawmaker says a cut to the tax on hotel rooms could attract more budget-conscious travelers. Senator Jason Priest of Red Lodge told a committee Wednesday that Senate Bill 385 reduces the state taxes on hotel rooms from 7 percent to about 5 percent. The bill eliminates the portion of the tax that [...]

How To File an Extension For Your 2010 Taxes

XL Country — Mon, 18 Apr 2011 21:42:53 +0000

Because of Emancipation Day, a little known Washington D.C. holiday that this year is being celebrated on April 15, US taxpayers had until April 18 to file their taxes.

For some people that still won't be enough time to get all their papers in order. If you find yourself in that boat, you can file for an extension with the IRS.

It's important to remember that filing an extension doesn't extend the due date for any money you owe the IRS, and you will have to pay interest and possibly penalties on any money you send to the government after the April 18 deadline.

Read on for advice, from the IRS website, on who should and shouldn't file for an extension.

Seven Ridiculous State Taxes

XL Country — Fri, 15 Apr 2011 14:29:53 +0000

While doing (and paying) your taxes is the opposite of a good time, there are some taxes that are so ridiculous, they’re actually kind of fun. Well, maybe not so fun if you actually live in one of these states. Check out our list of seven ridiculous state taxes: Illegal Drug Tax – Tennessee In [...]

Five Forbidden Tax Deductions

XL Country — Tue, 12 Apr 2011 18:16:29 +0000

One of the few joys of tax preparation is making deductions and watching your bill from Uncle Sam get lower and lower. Here’s a list of five expenses that might be tempting to deduct, but are strictly forbidden by the IRS. 1. First Land Line If you happen to be one of the increasing number [...]

5 Helpful Tips for a Successful Tax Return

XL Country — Fri, 08 Apr 2011 19:44:34 +0000

It’s tax time! It can get overwhelming to file all alone. Here are a few resources that might help.
The IRS Website
The IRS’s website, while written in legalese, is the ultimate guide to everything you’ll need to know about your taxes. Here, you can download tax forms and find out which items are deductible. The site is a valuable resource if you’re filing your own taxes.

5 Great Ways to Spend Your Tax Refund

XL Country — Thu, 07 Apr 2011 20:05:25 +0000

It’s tax season, but that also means it's tax return season, too. In 2010, the average return was $3,036. That’s a lot of money to get at one time. With all that extra cash, you might be asking yourself, "How should I spend it?"

Here are few ideas.