News

Property tax bills to go out late this year in Jefferson Parish. Blame coronavirus, Hurricane Zeta

Source: nola.com - Dec 10, 2020

Property tax bills for Jefferson Parish businesses and residents are going out a little later this year because of the coronavirus pandemic and Hurricane Zeta, but should be arriving by... Read more >

Category: General Business

Tied the knot in 2020? Some newlyweds face a marriage tax penalty

Source: cnbc.com - Dec 10, 2020

As many newlyweds discover, there’s a lot of sharing that goes on in a marriage. Including your taxes. If you tied the knot this year (or plan to do so in December), it may be worthwhile... Read more >

Category: General Business

Tax Exempt Organization Search (formerly Select Check)

Source: irs.gov - Dec 10, 2020

Data Update Delays Expect delays in data updates for the Tax Exempt Organization Search tool. We are still processing paper-filed 990 series received April 2020 and later. System Limitations... Read more >

Category: General Business

Still no stimulus check? What the IRS wants you to know before filing 2020 taxes

Source: myfox8.com - Dec 10, 2020

(NEXSTAR) – With the end of 2020 approaching, the Internal Revenue Service wants people to know about changes that may affect their tax returns, including those people who never received a... Read more >

Category: General Business

Identity Protection PIN Program will soon be available to taxpayers nationwide

Source: irs.gov - Dec 9, 2020

IRS Tax Tip 2020-168, December 9, 2020 In January, the IRS Identity Protection PIN Opt-In Program will be expanded to all taxpayers who can properly verify their identity. An Identity Pretention... Read more >

Category: General Business

TaxAudit Reveals Eleventh Hour Tax Tips and Strategies for 2020

Source: prnewswire.com - Dec 9, 2020

FOLSOM, Calif., Dec. 8, 2020 /PRNewswire/ -- TaxAudit, the largest tax representation service in the country, today released its last-minute 2020 tax tips. The tips will help taxpayers be proactive... Read more >

Category: General Business

Businesses that got CARES Act loans are facing surprise tax bills

Source: omaha.com - Dec 9, 2020

LINCOLN — Businesses that received federal Paycheck Protection Program loans to help survive the economic fallout from the coronavirus pandemic are facing a cruel surprise — an unexpected tax... Read more >

Category: General Business

Democrats’ new agenda: Give aid to the affluent

Source: bostonherald.com - Dec 9, 2020

As Joe Biden prepares to take office as president, the Democratic Party is pushing for an economic agenda that reflects the priorities of its new coalition: one that has more college degrees, and... Read more >

Category: General Business

12 States That Won't Tax Your Retirement Income

Source: kiplinger.com - Dec 9, 2020

You've worked hard all your life, and now you're retired (or will retire soon). Unfortunately, there's a pretty good chance that Uncle Sam is going to take a cut of your 401(k), traditional IRA or... Read more >

Category: General Business

IRS has backlog of 1M unprocessed tax returns

Source: foxbusiness.com - Dec 8, 2020

The Internal Revenue Service still needs to process about 1 million paper tax returns after the coronavirus pandemic and subsequent stay-at-home mandate upended operations, the agency’s... Read more >

Category: General Business

No ‘Stealth Tax Hike’ in 2021, but Individual and Business Tax Increases Loom

Source: taxfoundation.org - Dec 8, 2020

As taxpayers and policymakers consider the prospects for federal tax policy in 2021, it is important to also consider how existing tax law may change in 2021 and over the next five years. While... Read more >

Category: General Business

Here’s how your taxes would change if Schumer’s call for $50,000 student loan forgiveness is adopted

Source: cnbc.com - Dec 8, 2020

Senate Minority Leader Chuck Schumer, D-N.Y., has called on President-elect Joe Biden to forgive up to $50,000 for student loan borrowers. “Ahead of the new administration, the four of us are... Read more >

Category: General Business

Bitcoin hit the $19,800 mark. What the IRS wants to know about your holdings

Source: cnbc.com - Dec 4, 2020

If you’re cashing in some of your Bitcoin this year, the IRS wants to know about it. On Monday, the cryptocurrency’s value hit new heights, surging beyond $19,800 for a unit of Bitcoin. The... Read more >

Category: General Business

Get Ready for Taxes: Get ready now to file 2020 federal income tax returns

Source: irs.gov - Dec 4, 2020

IR-2020-256, November 17, 2020 WASHINGTON – The Internal Revenue Service today encouraged taxpayers to take necessary actions this fall to help them file their federal tax returns timely and... Read more >

Category: General Business

New Orleans mayor threatens layoffs if tax changes fail

Source: wbrz.com - Dec 4, 2020

NEW ORLEANS (AP) — The mayor of New Orleans is threatening to lay off city employees unless voters on Saturday agree to extend three property taxes. If the measures aren’t approved, the city... Read more >

Category: General Business