Where's My Refund?

It’s quick, easy and secure right from the IRS.gov official website.

Minnesota Tax Link

Link to Minnesota Revenue Website

North Dakota Tax Link

Link to North Dakota Revenue Website

Frequently Asked Questions

Get Answers to all your tax or business financial questions.

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“The hardest thing in the world to understand is the income tax.”

— ALBERT EINSTEIN

We don’t claim to be great at physics but we do know our way around numbers

WHO WE ARE

OUR STORY:

– 1990, The Beginning

Kent Busek has been in public practice since 1990. He obtained his Bachelor’s of Science degree in Accounting from North Dakota State University and joined the Deloitte and Touche taxdepartment. He subsequently obtained an Masters of Business Taxation from the University of Minnesota and also holds the insurance and financial licenses.

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Our accounting firm was established to provide efficient, expert solutions to businesses and individuals.

Our Primary Services:

  • Accounting
  • Taxation
  • Business Consulting

We also offer a host of specialty services to cater to the unique needs of our clients.

Our partners and staff accountants serve a wide range of individuals, corporations, partnerships, and non-profit organizations and are experts in the accounting issues and tax laws that impact our clients. Our partners offer the benefits of years of experience gained from previous positions.

We are an equal opportunity employer and are members in good standing of multiple professional organizations.

The firm is dedicated to serving all of your accounting, tax, and financial services needs. Our continuing mission is to serve you by providing the highest level of expertise and professionalism possible.

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 With over 200 years of experience, Taxman is on your side. With two locally-owned offices and no franchise fees, Taxman provides a high level of service at the most reasonable fees. We are open extended hours during the tax season to accommodate our clients’ busy schedules, and walk-ins are always welcome!

Our primary objective is to minimize our clients’ overall tax liability. We are highly trained on all the latest tax law updates and know what deductions are most advantageous to our clients. Call or stop by today. Open year-round!

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OUR SERVICES:

Accounting
Taxation
Business Consulting
Bookkeeping →
Financial Forecasts →
Tax Services →
Representation
and many more…

FAQ

  • What is the Affordable Care Act?

    A C Corporation and an S Corporation are exactly the same in respect to liability protection. The difference is in how you are taxed. A C Corporation has what is referred to as a double taxation. First the corporation is taxed, and secondly the dividends are taxed on the shareholders’ tax returns. An S Corporation is not taxed at the corporate level, only at the shareholder level. Most small businesses are eligible to file as S corporations. But the appropriate election must be made.

  • What do I do if I receive a notice from the IRS about my taxes?

    Don’t panic! the first thing to do is carefully read the notice – to determine why it was sent, what the IRS is requesting, and what they want you to do. It may be nothing of importance; it may even be a notice in your favor. After reading it you should bring it to our attention.

  • How do I find out about my refund?

    The best way is to use the Check Your Refund link from the Resources pages of our website! To look up the status of your federal or state refund, you will need your social security number, filing status, and exact amount you’re expecting back.

  • How long do I keep my records and tax returns?

    You should keep your records and tax returns for at least 3 years from the date the return was filed or the date the return was required to be filed, whichever is later. It is recommended that you keep these records longer if possible.

  • Can I deduct expenses for a business run out of my home?

    If you use a portion of your home for business purposes, you may be able to take a home office deduction whether you are self-employed or an employee. Expenses you may be able to deduct for business use of your home may include the business portion of real estate taxes, mortgage interest, rent, utilities, insurance, depreciation, painting, and repairs.
    You can claim this deduction only if you use a part of your home regularly and exclusively:

    • As your principal place of business for any trade or business.
    • As a place to meet or deal with your patients, clients or customers in the normal course of your trade or business.

    Generally, the amount you can deduct depends on the percentage of your home that you used for business. Your deduction will be limited if your gross income from your business is less than your total business expenses.

  • What is the difference between a C and an S corporation?

    A traditional IRA lets you deduct contributions in the year you make them, and the distributions are included as income on your return when you withdraw from the IRA after reaching age 59 1/2. A Roth IRA does not let you deduct the contributions, but you also do not report the distributions as income, no matter how much the Roth account has appreciated. With a Roth, you can exclude the income earned in the account from being taxed.
  • What are the consequences of early withdrawls from my retirement plan?

    A C Corporation and an S Corporation are exactly the same in respect to liability protection. The difference is in how you are taxed. A C Corporation has what is referred to as a double taxation. First the corporation is taxed, and secondly the dividends are taxed on the shareholders’ tax returns. An S Corporation is not taxed at the corporate level, only at the shareholder level. Most small businesses are eligible to file as S corporations. But the appropriate election must be made.

  • What do I need to keep for my charitable contributions?

    A C Corporation and an S Corporation are exactly the same in respect to liability protection. The difference is in how you are taxed. A C Corporation has what is referred to as a double taxation. First the corporation is taxed, and secondly the dividends are taxed on the shareholders’ tax returns. An S Corporation is not taxed at the corporate level, only at the shareholder level. Most small businesses are eligible to file as S corporations. But the appropriate election must be made.

  • If I donate my vehicle to charity, how much can I deduct on my tax return?

    A C Corporation and an S Corporation are exactly the same in respect to liability protection. The difference is in how you are taxed. A C Corporation has what is referred to as a double taxation. First the corporation is taxed, and secondly the dividends are taxed on the shareholders’ tax returns. An S Corporation is not taxed at the corporate level, only at the shareholder level. Most small businesses are eligible to file as S corporations. But the appropriate election must be made.

  • What are the differences between a ROTH IRA and a conventional IRA?

    The Affordable Care Act is a long, complex piece of legislation that attempts to reform the healthcare system by providing more Americans with Affordable Quality Health Insurance and by curbing the growth in healthcare spending in the U.S.

    There are many sections to this law we know all of them.  If you have a question on how this effects you or your business just ask!

LATEST NEWS

MEET OUR TEAM

Kent Busek

Kent Busek

CPA, MBT
Tel: 701.356.7867
Kent Busek is a 1988 graduate of NDSU and a 1996 graduate of the Univ of MN Carlson School of Management with a Master’s degree in Business Taxation. He has been a certified CPA since 1988. He was born and raised in Minot, ND, and currently lives in Fargo with his wife and three kids.

Kent’s professional experience includes accounting, business consulting, tax experience and land development.   He started his career at Delloite and Touche, spent 8 years at Eide Bailly as a tax manager, and has owned and operated his own firm (Busek Olson & Associates) since 2003.

Brent Drovdal

Brent Drovdal

CPA
Tel: 701.282.3300

Tyler Price

Tyler Price

Tyler has been with Taxman/BOA since 2012. He currently manages day-to-day operations for Taxman and Busek Olson & Associates.  Born and raised in Fargo, Tyler attended Creighton University in Omaha, NE, where he studied Finance and Entrepreneurship. He specializes in Real Estate analysis, business consulting and tax preparation. In his free time Tyler enjoys spending time at the lake, reading, playing softball and the outdoors.
Mike Severson

Mike Severson

Mike has been the firm since 2013, and he brings 9 years of experience to the team. He earned a Bachelors of Science degree in Accounting from NDSU and is a CPA. Mike specializes in wealth transfer, tax planning and tax preparation. His favorite part of the job is helping his clients work through issues and getting the best results possible for them. Mike and his wife Leah have 2 sons and they stay busy camping, fishing, hunting and spending time outdoors. He is also a Judo coach for FM area youth.
Falon Angeles

Falon Angeles

Holding a Bachelor of Science degree in Accounting with over 5 years of accounting and tax experience, Falon specializes in working with small businesses regarding their accounting and tax planning needs.  Falon grew up on a farm in Northeastern North Dakota, and moved to the Fargo area in 2003.   Most of her free time is spent keeping up to her three sons and daughter in addition to assisting her husband Dane with growing his photography business.

Shelane Hoverson

Shelane has been with Taxman/BOA for 5 years and has 15 years experience in customer service/administrative assistance. She has a BA degree in Psychology from MSUM and has lived in Fargo with her husband and 3 daughters since 2000. In her free time, she likes traveling, water sports, volleyball and spending time at the lake with family and friends.