News
The Commercial Activity Tax explained: Gov. John Bel Edwards' key proposal
Source: nola.com - Apr 7, 2017 Gov. John Bel Edwards is going to into the state legislative session Monday (April 10) with a bit of a surprise plan to overhaul the state's tax structure. For years, tax experts and economists... Read more > Category: General Business |
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Proposed Louisiana sales tax may increase cost of Netflix, Hulu
Source: wwltv.com - Apr 7, 2017 NEW ORLEANS – In an effort to overcome budget shortfalls, Gov. John Bel Edwards is proposing a tax on internet streaming services. Many people are cutting the cord to avoid paying high cable... Read more > Category: General Business |
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$1 billion in tax refunds are about to become Uncle Sam’s
Source: kansascity.com - Apr 4, 2017 Uncle Sam is set to keep more than $1 billion in unclaimed 2013 tax refunds at this year’s filing deadline, according to the Internal Revenue Service. These are refunds the IRS estimated are due... Read more > Category: General Business |
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Enjoy Doing Your Taxes This Year, Because Next Year Will Be a Nightmare
Source: nbcnews.com - Apr 4, 2017 Donald Trump's "skinny budget" puts the tax man on a diet, and that could put a dent in how much money Uncle Sam collects from individuals and businesses. While it might be nice to have the... Read more > Category: General Business |
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It's April: Here's how late filers can save on stress and taxes
Source: cnbc.com - Apr 4, 2017 Still sitting on an incomplete tax return in early April? Keep calm but get cracking. A good chunk of this year's filers are procrastinating. As of March 24, the Internal Revenue Service received... Read more > Category: General Business |
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VSP warns of tax scam
Source: timesnews.net - Apr 1, 2017 CHATHAM, Va. — Within the last two days, the Virginia State Police has received calls from two state citizens and one from New York about Internal Revenue Service-impersonation telephone calls... Read more > Category: General Business |
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Beware of evolving income tax scams
Source: usatoday.com - Apr 1, 2017 Income tax identity theft continues to be a big problem for the IRS and the individual victims of this crime. It happens when a criminal who has managed to steal someone’s Social Security number... Read more > Category: General Business |
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Louisiana governor, lawmakers targeting tax breaks for cuts
Source: sfgate.com - Apr 1, 2017 ATON ROUGE, La. (AP) — Hundreds of millions of dollars Louisiana doles out in tax breaks each year are squarely in lawmakers' crosshairs as they consider rewriting the state's tax laws. New... Read more > Category: General Business |
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Understanding Your Form 1099-K
Source: irs.gov - Mar 31, 2017 Form 1099-K, Payment Card and Third Party Network Transactions, is an IRS information return used to report certain payment transactions to improve voluntary tax compliance. You should receive... Read more > Category: General Business |
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Refund Donations - Did You Know?
Source: rev.state.la.us - Mar 31, 2017 Did you know that you can donate to any of 22 funds when you file your Louisiana state individual income taxes? The tax return includes the names of organizations to which you can donate all or... Read more > Category: General Business |
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For Small Business Startups, IRS Explains New Option for Claiming Research Credit; Option Still Available for Those That Already Filed
Source: irs.gov - Mar 31, 2017 IR-2017-70, March 30, 2017 WASHINGTON –The Internal Revenue Service today issued interim guidance explaining how eligible small businesses can take advantage of a new option enabling them to... Read more > Category: General Business |
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Poll: Louisiana public supports some tax increases
Source: wwl.com - Mar 29, 2017 A statewide survey finds a majority of Louisiana residents support higher taxes if the tax revenues go towards public schools, colleges, health care and roads. But Director of the LSU Public Policy... Read more > Category: General Business |
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Here's why that big tax refund isn't great news for you
Source: cnbc.com - Mar 29, 2017 A large tax refund may feel like free money, but it isn't. As of March 17, the Internal Revenue Service has issued 62.5 million refunds, averaging out to $2,931. The federal agency expects to... Read more > Category: General Business |
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10 things taxpayers should know before April 18
Source: taxprotoday.com - Mar 29, 2017 The IRS regularly shares tips about different credits and deductions that can reduce a tax bill – and as well as scams your clients should look out for. Here are 10 things the IRS is... Read more > Category: General Business |
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If you cashed out on stocks in 2016, be aware of this tax trap
Source: cnbc.com - Mar 28, 2017 If you finally cashed in some long-held stocks last year, you'll need to do some detective work — or face a steep capital gains tax. By now, you should have received most of the tax documents... Read more > Category: General Business |