News / General Business

Senate Hearing Criticizes IRS's Anti-ID Tax Fraud Efforts

Source: tax-news.com - Apr 27, 2016

The US House of Representatives Ways and Means Subcommittee on Oversight held a hearing on April 19 to review the 2016 tax filing season, which ended on April 18, and, in particular, to discuss... Read more >

Category: General Business

Over Half Of US Taxpayers Fear ID Theft Loss

Source: tax-news.com - Apr 27, 2016

Half of US adults believe it is at least "somewhat likely" that they will fall victim to some form of identity theft that results in financial loss in 2017, according a poll from the American... Read more >

Category: General Business

Consumer Alert: Scammers Change Tactics, Once Again

Source: irs.gov - Mar 23, 2016

IR-2016-40, March 14, 2016 WASHINGTON — Aggressive and threatening phone calls by criminals impersonating IRS agents remain a major threat to taxpayers, but now the IRS is receiving new reports... Read more >

Category: General Business

Who will pay? Louisiana tax bills target smokers, drinkers, travelers, businesses, more

Source: theneworleansadvocate.com - Mar 11, 2016

Louisiana's lawmakers wrapped up work Wednesday in a special legislative session aimed at balancing this year's budget. Here's a look at some of the bills that passed and that failed to win... Read more >

Category: General Business

Half of Free E-File Services Don’t Protect Consumers Enough: Audit

Source: accountingtoday.com - Feb 26, 2016

Six of 13 IRS-approved free e-filing services Web sites failed in taking steps to help protect consumers from fraudulent and malicious e-mail, according to a recent audit. The Online Trust... Read more >

Category: General Business

Louisiana hit with credit rating downgrade, blow to state

Source: washingtontimes.com - Feb 26, 2016

BATON ROUGE, La. (AP) - Louisiana’s credit rating was downgraded for the first time in more than a decade Thursday, in response to years of budget instability that have left public colleges and... Read more >

Category: General Business

The IRS Says Identity Thieves Hacked Its Systems Again

Source: fortune.com - Feb 11, 2016

Identity thieves attempted to breach computer systems at the Internal Revenue Service to file fraudulent tax refunds. The criminals were especially after E-file PINs, which are used by some... Read more >

Category: General Business

January brings new, rewritten laws in Louisiana with the start of 2016

Source: wdsu.com - Jan 4, 2016

Nineteen new or rewritten state laws go into effect in January. Most of the changes happen on Friday on New Year's Day, but others begin when Gov.-elect John Bel Edwards takes office on Jan. 11.... Read more >

Category: General Business

Congress Easily Clears Massive Omnibus Spending Bill, Avoiding Shutdown

Source: govexec.com - Dec 18, 2015

In con­vin­cing bi­par­tis­an votes, the House and Sen­ate have passed an om­ni­bus to keep the gov­ern­ment fun­ded and a massive pack­age of tax break ex­ten­sions, wrap­ping up a... Read more >

Category: General Business

FinCEN Further Extends Certain US FBAR Deadlines

Source: tax-news.com - Dec 11, 2015

The United States Financial Crimes Enforcement Network (FinCEN) has announced a further extension of time for certain individuals with signature authority over, but no financial interest in, some... Read more >

Category: General Business

Internet Tax Ban Likely To Become Permanent

Source: ww2.cfo.com - Dec 11, 2015

Sen. Ron Wyden, D-Ore., who in 1998 co-authored the original Internet Tax Freedom Act that was set to expire, on Wednesday said a ban on taxes on Internet goods and services, as well as Internet... Read more >

Category: General Business

First NBC Bank expanding market area for New Market Tax Credits

Source: theneworleansadvocate.com - Nov 13, 2015

First NBC Bank in New Orleans has received approval to expand its market area for federal New Market Tax Credits to all of Louisiana, Arkansas, Tennessee, Mississippi, Alabama and the Florida... Read more >

Category: General Business

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

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

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