News / General Business

Louisiana shifts tone on tax breaks for business

Source: wbrz.com - Jul 5, 2016

BATON ROUGE - After years of generosity with tax breaks and subsidies, Louisiana’s leaders are taking a new approach with business, responding to years of budget problems with scaled back support... Read more >

Category: General Business

A look at long-term capital gains tax rates

Source: bankrate.com - Jun 27, 2016

Money gurus are always preaching long-term investing. Not only will that give you a better shot at earning more, it'll also get you a lower tax rate when you sell your assets. But exactly what... Read more >

Category: General Business

5 Principles for Navigating Complex Property/Casualty Claims

Source: insurancejournal.com - Jun 22, 2016

Property/casualty losses arising from construction defects, earthquakes, hurricanes, floods, fires, industrial accidents, tornadoes or any number of other perils can strike at almost any time. When... Read more >

Category: General Business

IRS: Woman pleads guilty to $1.17M tax scam

Source: cincinnati.com - Jun 22, 2016

A woman who filed false claims for income tax refunds of more than $1.17 million pleaded guilty in the Southern District of Ohio Tuesday. Mariamne McKinstry, 38, of Roselawn, faces five years in... Read more >

Category: 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