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Rachel Christoferson is the oldest of six children raised on the family ranch. It wasn’t until she’d left the nest that she realized the years of chasing cows, checking heifers, meeting cattle buyers, running over to the livestock auction, and helping out at the small agricultural supply store her parents had started were truly intensive training on the realities of entrepreneurship. It was a natural fit for Rachel to start her own tax and consulting practice after working for two regional CPA firms in Billings. Between the two regional firms and her own practice, Rachel has extensive experience in working with farms, ranches, retailers, wholesalers, artists, oil & gas, individuals, non-profits, payroll, bookkeeping, and the western tradition of jack-of-all-trades. Her love of tax and working with small businesses is now being balanced (well, at least as much as possible) with time for her three and a half year old son and husband of 15 years. Regular family activities include fishing, hunting, camping, barbecuing, and pretty much anything outdoors. Professional Memberships Montana Society of Certified Public Accountants Billings Chapter of CPAs American Society of Women Accountants (ASWA)
Bakken Scramble \ Deductible Work Expenses \ Rachel Christofersen \ Tax Time in the Bakken
Do the Bakken Scramble & Scurry for Those Receipts
Where did I put that receipt ? Hmmm…that was two motels, three extended stays, one man camp, and a couple of nights in the Walmart parking lot in the heart of the Bakken ago. I know it’s hard, but scurry for those receipts because they can really add up at tax time. POSSIBLE ITEMIZED DEDUCTIONS TO [...]
According to the IRS There is No Finish Line….Even in the Bakken !
Most of us are familiar with the Nike “Swoosh” and the slogan, “Just Do It”; however do you remember when the slogan originally came out it launched as “There is no finish line, just do it !” I guess tht JUST DO IT sums it up – short & sweet. Therefore in the spirit of [...]
1040 \ health insurance deduction \ self employed \ tax planning \ tax preparation \ tax refund
Make Sure THE IRS Doesn’t Spell Your Tax Refund THEIRS !
I saw a nifty billboard the other day, it read “Be sure to cross your T’s and dot your I’s or THE IRS will spell your tax refund THEIRS !” Which prompted me to post this quick reminder blog: In order for the S-corporation shareholder-employee to deduct health insurance premiums above the line on their [...]
payroll withholding \ tax reciprocity \ Taxes \ Wage Reciprocity
I Owe, I Owe, Off to Work I Go…to the Bakken !
North Dakota / Montana Wage Reciprocity Have you heard the story (or maybe even know a guy) that got his W-2 and decided not to file his tax return because he was a Montana resident, but his employer had only withheld North Dakota tax? Panicked that he would now owe Montana as well as North Dakota state [...]
