News

Donate to charitable funds and nab a tax break in these states — for now

Source: cnbc.com - Jun 8, 2018

As the Internal Revenue Service takes aim at blue states' new tax workarounds, questions remain on whether the agency might take a closer look at red states' tax credit programs. The Tax Cuts and... Read more >

Category: General Business

10 Louisiana parishes with the highest property tax rates - 3 are in metro New Orleans

Source: nola.com - Jun 8, 2018

Three parishes in metro New Orleans were in the Top 10 with the highest property tax rates among Louisiana's 64 parishes, according to the Louisiana Tax Commission's annual report for 2017.... Read more >

Category: General Business

Guilty of stealing foster kids' identities, tax preparer gets 10 years in prison

Source: bizjournals.com - Jun 7, 2018

The last defendant from a local tax preparation business was sentenced Monday to 10 years in prison for using the identities of disabled and foster children to file false federal income tax... Read more >

Category: General Business

Louisiana Tax Free Shopping opens Tanger Outlet refund store for tourists

Source: theadvocate.com - Jun 7, 2018

Louisiana Tax Free Shopping, a program that refunds state sales taxes international visitors pay on goods, has opened a fifth refund store in Tanger Outlets in Gonzales. The store, which opened... Read more >

Category: General Business

IRS Identity Theft Victim May Have Asked For Money Back Too Late

Source: forbes.com - Jun 7, 2018

It's nice to see people inside the IRS rooting for the little guy who has gotten a raw deal. That is one of the reasons I am covering CCA 201822027 even though I can't construct the story behind... Read more >

Category: General Business

Betting on Sports? You May Owe the IRS

Source: kiplinger.com - Jun 7, 2018

Depending on where you live, betting on your favorite teams may no longer require an account with a bookie or a plane ticket to Las Vegas. But in your zeal to play the odds, don't forget that... Read more >

Category: General Business

IRS continues warning on impersonation scams; Reminds people to remain alert to other scams, schemes this summer

Source: irs.gov - Jun 6, 2018

IRS YouTube Videos: Tax Scams – English | Spanish | ASL Phishing/Malware – English | Spanish | ASL Dirty Dozen – English | Spanish | ASL IR-2018-129, May 31, 2018 WASHINGTON – With tax... Read more >

Category: General Business

The new tax law makes hiring your kid a better idea than ever

Source: marketwatch.com - Jun 6, 2018

It’s summer, and that means it’s time for kids to have jobs. Hiring your child as a legitimate employee of your business can be a great tax-saving strategy. Here’s the deal. Tax advantages... Read more >

Category: General Business

The Lens: Treme home built using affordable housing grant is now a $400-a-night Airbnb

Source: theadvocate.com - Jun 6, 2018

A home in the Treme neighborhood is at the center of controversy for being listed as a short-term rental on Airbnb despite being built using grants for affordable housing in New Orleans. An... Read more >

Category: General Business

Expats object to U.S. taxes

Source: accountingtoday.com - Jun 6, 2018

A growing proportion of U.S.-born expatriates do not feel they should be required to file taxes while they live abroad and about one-fifth of them are considering renouncing their U.S. citizenship,... Read more >

Category: General Business

How To Take Off Deductions That The New Tax Law Might Nix

Source: forbes.com - Jun 5, 2018

The higher standard deduction in the new tax law might mean that you can’t use some of your regular deductions, like for charity gifts, if they don’t meet the new, higher limit. But Rick... Read more >

Category: General Business

By 2021, These 8 States Will Have No Income Tax

Source: fool.com - Jun 5, 2018

Without beating around the bush, let me just say what's on all of our minds when it comes to taxes: They stink! No one likes preparing their taxes or handing over their hard-earned money to Uncle... Read more >

Category: General Business

Governor Edwards Calls For Special Session Later This Month

Source: kpel965.com - Jun 5, 2018

After the middle-of-the-night drama in the legislature, Governor John Bel Edwards spoke out about the need for a 3rd special session. The debate went on all the way up until the midnight deadline... Read more >

Category: General Business

Louisiana budget special session collapses without tax deal

Source: wwltv.com - Jun 5, 2018

BATON ROUGE, La. (AP) — Louisiana lawmakers failed to reach a tax deal by Monday’s deadline, cratering their second special session this year without agreement and passing a budget that would... Read more >

Category: General Business

Jefferson Parish woman says she lost half her savings to scam

Source: wdsu.com - Jun 4, 2018

LAFITTE, La. — A Jefferson Parish woman is overcome with outrage and emotion after she said she lost half of her savings to a scam. Pearl Wyman said she was approached on Facebook about a... Read more >

Category: General Business