News / General Business

How homeowners win and lose under the new tax law

Source: marketwatch.com - Jun 11, 2018

Home values are surging in many areas, and rents are going up too. These factors make buying a home seem more attractive than ever. As a bonus, the cost of ownership is reduced by any tax savings.... Read more >

Category: General Business

Opportunity zones: An innovative investment vehicle created by the Tax Cuts and Jobs Act

Source: taxprotoday.com - Jun 8, 2018

The Tax Cuts and Jobs Act created a section of the tax code that allows taxpayers to take advantage of a new investment vehicle called Opportunity Funds. The purpose of this new investment vehicle... Read more >

Category: General Business

How to Fill Out a W-4 Form and Keep More Money for Your Paycheck

Source: studentloanhero.com - Jun 8, 2018

When you start a new job, your first day is typically a whirlwind of introductions, training, and paperwork. It can be overwhelming and, if you’re a recent graduate starting out in the working... Read more >

Category: General Business

Café du Monde to take over City Park beignet parlor, replacing Morning Call

Source: theadvocate.com - Jun 8, 2018

There will soon be a new name serving the beignets and café au lait in City Park, and it’s a familiar one. Café du Monde has been awarded the contract to run a beignet parlor in the park’s... Read more >

Category: General Business

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