News

Louisiana offers tax credits for donors who support early childhood education, but few know about it

Source: theadvocate.com - Nov 12, 2015

Over the past few weeks, donors have pledged $35,000 to help support an agency that provides training and support to people who work with Lafayette Parish preschoolers. The donors are in line for... Read more >

Category: General Business

Louisiana tax amnesty period begins Nov. 16

Source: thetowntalk.com - Nov 12, 2015

BATON ROUGE — Delinquent taxpayers in Louisiana have one last shot to pay what they owe with lessened penalties and interest charges. The state revenue department announced Monday that... Read more >

Category: Louisiana

Time to make these tax moves before year-end

Source: cbsnews.com - Nov 12, 2015

Before the holidays become all-consuming, now's a great time to focus on some financial moves to make that can lower your taxes when you file next year. The point of year-end tax planning is... Read more >

Category: IRS

New HealthCare.gov features won’t be ready when enrollment begins

Source: bnd.com - Oct 26, 2015

WASHINGTON The Obama administration is promising a smoother and more user-friendly shopping experience on HealthCare.gov when the 2016 enrollment season for marketplace health coverage begins on... Read more >

Category: General Business

Thanks a billion: Well tax break cost state $1.1B

Source: shreveporttimes.com - Oct 26, 2015

Louisiana lost more than a billion in severance tax revenue over five fiscal years ending in 2014 because of state tax breaks for horizontal drilling, the Louisiana Legislative Auditor’s Office... Read more >

Category: Louisiana

IRS Increases Long Term Care Insurance Deductible Limits

Source: finance.yahoo.com - Oct 26, 2015

LOS ANGELES, CA--(Marketwired - October 23, 2015) - A couple with tax-qualified long term care insurance coverage could enjoy a maximum $9,500 tax deduction in 2015. The potential tax deduction... Read more >

Category: IRS

IRS Gets Tax Data From India As Black Money Hunt Hits Americans Too

Source: forbes.com - Sep 8, 2015

Indian Prime Minister Narendra Modi promised to bring home millions of dollars of illicit money stashed abroad. Indians call undisclosed money ‘black money,’ and how much there is remains... Read more >

Category: General Business

Obama "Very Interested" In Raising Taxes Through Executive Action

Source: townhall.com - Mar 3, 2015

White House Press Secretary Josh Earnest confirmed Monday that President Obama is "very interested" in the idea of raising taxes through unilateral executive action. "The president certainly has... Read more >

Category: General Business

State begins processing tax returns; refunds coming

Source: wbrz.com - Mar 3, 2015

BATON ROUGE - The state has started issuing state tax refunds, it announced Monday. Refunds were withheld for about two weeks so the state could more thoroughly screen tax returns in light of... Read more >

Category: General Business

Louisiana Gov. Bobby Jindal pivots on tax credits, marking a big change in philosophy

Source: theadvocate.com - Mar 3, 2015

After years of hewing zealously to a promise never to approve a tax increase — a pledge that he believes also prevents the elimination of any state tax breaks — Gov. Bobby Jindal on Friday... Read more >

Category: Louisiana

LDR to Begin Issuing Refunds the Week of March 2

Source: revenue.louisiana.gov - Feb 19, 2015

February 18, 2015 BATON ROUGE - In response to the recent increase and still unfolding developments centered around fraudulent tax returns filed across the country, the Louisiana Department of... Read more >

Category: Louisiana

The Most-Overlooked Tax Deductions

Source: kiplinger.com - Feb 12, 2015

Years ago, the fellow who was running the IRS at the time told Kiplinger's Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of... Read more >

Category: IRS

Tax-Refund Fraud Soaring, Little IRS Can Do

Source: nbcnews.com - Feb 12, 2015

Tax-refund fraud is expected to soar again this tax season, and hit a whopping $21 billion by 2016, from just $6.5 billion two years ago, according to the Internal Revenue Service. And the... Read more >

Category: IRS

Small business owners forced to battle IRS over seized bank accounts

Source: foxnews.com - Feb 12, 2015

Andrew Clyde, a Navy veteran who served in Iraq, started his small firearms store in Athens, Ga., in the 1990s. Over the years, he watched his business grow. And then, on April 12, 2013, two IRS... Read more >

Category: IRS

Tax Season Opens As Planned Following Extenders Legislation

Source: Okay, folks...electronic filing begins on 01 - Dec 30, 2014

IR-2014-119, Dec. 29, 2014 WASHINGTON -- Following the passage of the extenders legislation, the Internal Revenue Service announced today it anticipates opening the 2015 filing season as scheduled... Read more >

Category: General Business