20 december 16, 2011 explorebigsky.com explorebigsky.com <strong>Big</strong> <strong>Sky</strong> Weekly
BuSineSS open a Montana Medical savings account before dec. 31 for 2011 tax savings msu news serviCe Did you have medical expenses during 2011 that weren’t covered by health insurance or a flexible spending account? If so, you can open a Montana Medical Care Savings Account by Dec. 31 to cover them. Up to $3,000 of these deposits are deductible from 2011 Montana adjusted gross income, thus reducing state taxes. A Montanan with taxable income over $16,000 could save about $207 in state income taxes by depositing the maximum $3,000 in a Montana MSA, according to Marsha Goetting, MSU Extension family economics specialist. internal revenue serviCe The IRS is looking to return $153.3 million in undelivered tax refund checks. This year, 99,123 refunds averaging $1,547 were not delivered because of mailing address errors. The "Where's My Refund?" tool on IRS.gov or at (800) 829-1954 provides the status of refunds and, in tax audit *The tax board is required to perform an audit each year and have the findings available to publish. An audit of the affairs of <strong>Big</strong> <strong>Sky</strong> Resort Area District has been conducted by Holmes and Turner (a professional corporation). The audit covered the fiscal year ending June 30, 2011. Eligible expenses include medical insurance premiums, long-term care insurance, dental and orthodontic care, eyeglasses or contacts, or prescription drugs. Medical-related bills already covered by a supplemental, primary or self-insured plan are not covered. Reimbursements for paid eligible medical expenses are available until Jan. 15. An MSU Extension MontGuide can help decipher if you’d benefit from an MSA: msuextension.org/publications/FamilyFinancialmanagement/mT199817hr.pdf Where’s my refund? irS has $153 million in undelivered checks; recommends e-file, direct deposit Fine Western Art & Bronzes some cases, instructions on how to resolve delivery problems. By filing returns electronically and receiving refunds through direct deposit, taxpayers can reduce errors on tax returns, speed up refunds and eliminate lost paper returns. Nearly eight out of 10 taxpayers e-filed last year. Section 2-7-521, MCA, requires the publication concerning the audit report include a statement that the audit report is on file in its entirety and open to the public inspection at the tax board office, and that the <strong>Big</strong> <strong>Sky</strong> Resort Area District will send a copy of the audit report to any interested person upon request. Gift your home the spirit of the American West this holiday season! Join us for a glass of wine daily from 4-6 p.m. to view our original artwork, bronzes, furniture, and jewelry. We are located next to Grizzly Outfitters & Rivers To Peaks Real Estate in the <strong>Big</strong> <strong>Sky</strong> Town Center Open Daily (406) 580-5891 buy explorebigsky.com explorebigsky.com Winter & Company real estate 406.995.2093 Shawna Winter Shawna Winter broker | owner SELL View from 14 Swift Bear <strong>Big</strong> <strong>Sky</strong> Ski-In/Out Mountain Village Residence <strong>Big</strong> <strong>Sky</strong> Weekly www.MTwinter.com Shawna@MTwinter.com Shawna Winter Winter & Co. Welcomes www.MTwinter.com Shawna@MTwinter.com Shawna@MTwinter.com Aimee Gerharter 406-599-4448 aimeegerharter@msn.com Winter & Co. Welcomes Aimee Gerharter Aimee Gerharter 406-599-4448 Aimee@MTwinter.com 406-599-4448 aimeegerharter@msn.com and more ‘COMPANY’ to come! december 16, 2011 21