News / General Business

5 tax breaks young people should take advantage of

Source: theweek.com - Feb 8, 2017

You are young and just starting out in your career, with your whole life ahead of you. Taxes may not be on the bottom of your list of concerns, but we will bet that they are pretty close. However,... Read more >

Category: General Business

Don't miss out on these tax credits if you live overseas

Source: cnbc.com - Feb 8, 2017

Americans families residing in a foreign country can take advantage of some tax planning gems this season. Just like those living stateside, citizens abroad need to file by April 18. They get an... Read more >

Category: General Business

Victim Of Tax Scam Says It’s A Nightmare

Source: wkrg.com - Feb 8, 2017

It’s tax filing season, but you’re not the only one anxious to get your refund. Scammers are out to get a piece of your wallet—and they’ve got a few new tricks up their sleeves. Here are... Read more >

Category: General Business

New Orleans restaurant owners upset over new alcohol tax

Source: fox8live.com - Feb 6, 2017

NEW ORLEANS, LA (WVUE) - Some local restaurant owners are fired up over a new alcohol tax. Krista May, who owns Cowbell, said she feels blindsided. "I had no idea that it was happening.... Read more >

Category: General Business

Super Bowl Winners Pay More in Taxes Than You Make in a Year

Source: time.com - Feb 6, 2017

To the winner of the Super Bowl LI go all the spoils: the bragging rights, the huge ring, the bonus...and yes, the taxes. This year, each player on the winning team—from the quarterback down to... Read more >

Category: General Business

IRS Debunks Myths Surrounding Tax Refunds

Source: irs.gov - Feb 6, 2017

IRS Special Edition Tax Tip 2017-02, February 3, 2017 As millions of people begin filing their tax returns, the Internal Revenue Service reminds taxpayers about some basic tips to keep in mind... Read more >

Category: General Business

Early Withdrawals from Retirement Plans

Source: irs.gov - Feb 6, 2017

Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of income tax taxpayers may have to pay. Here are a... Read more >

Category: General Business

You May be Vulnerable to Scams by Simply Filing Your Taxes

Source: nbcdfw.com - Feb 4, 2017

The Internal Revenue Service warns that scammers have found a simpler way to steal your money and you could be a victim just by filing your taxes. Eric Hoefnagel worked for the IRS for 25 years... Read more >

Category: General Business

Affordable Care Act is subject of first bill pre-filed for the 2017 Louisiana legislative session

Source: bestofneworleans.com - Feb 4, 2017

State Rep. Paul Hollis, R-Covington, in a bill filed almost three months prior to the 2017 general legislative session, is seeking an exemption for Louisiana residents from Affordable Care Act... Read more >

Category: General Business

Two easy fixes for Social Security's biggest mistake

Source: cnbc.com - Feb 3, 2017

Feel like you need to take a mulligan on your Social Security strategy? More than one-third of retirees decide to claim their benefits as soon as they can, at age 62. "They feel nervous Social... Read more >

Category: General Business

4 most common tax credits

Source: ksdk.com - Feb 3, 2017

Tax deductions are always useful, but tax credits are even more so. Deductions only reduce your taxable income, while credits are subtracted directly from your tax bill. In the case of refundable... Read more >

Category: General Business

Phone Scams a Serious Threat; Remain on the IRS “Dirty Dozen” List of Tax Scams for 2017

Source: irs.gov - Feb 3, 2017

IR-2017-19, Feb. 2, 2017 Español WASHINGTON — Aggressive and threatening phone calls by criminals impersonating IRS agents remain a... Read more >

Category: General Business

Fed leaves rates alone and gives no hint of when it may hike

Source: neworleanscitybusiness.com - Feb 2, 2017

The Federal Reserve has left its key interest rate unchanged at a time of solid economic gains but also heightened uncertainty surrounding the new Trump administration. At the same time, the Fed... Read more >

Category: General Business

Alford: Louisiana politics in 'new era'

Source: thetowntalk.com - Feb 2, 2017

Louisiana has to resolve a $304 million budget shortfall by the end of its fiscal year, and how lawmakers deal with that will be interesting, says journalist Jeremy Alford. Alford, the publisher... Read more >

Category: General Business

Another Travel Ban: IRS Moves To Revoke Passports For Unpaid Taxes

Source: forbes.com - Feb 2, 2017

President Trump's executive order on travel may be generating big protests, but an IRS missive on travel and passports may not go down too well either. More than a year ago, in H.R.22, Congress... Read more >

Category: General Business