News

State begins processing tax returns; refunds coming

Source: wbrz.com - Mar 3, 2015

BATON ROUGE - The state has started issuing state tax refunds, it announced Monday. Refunds were withheld for about two weeks so the state could more thoroughly screen tax returns in light of... Read more >

Category: General Business

Louisiana Gov. Bobby Jindal pivots on tax credits, marking a big change in philosophy

Source: theadvocate.com - Mar 3, 2015

After years of hewing zealously to a promise never to approve a tax increase — a pledge that he believes also prevents the elimination of any state tax breaks — Gov. Bobby Jindal on Friday... Read more >

Category: Louisiana

LDR to Begin Issuing Refunds the Week of March 2

Source: revenue.louisiana.gov - Feb 19, 2015

February 18, 2015 BATON ROUGE - In response to the recent increase and still unfolding developments centered around fraudulent tax returns filed across the country, the Louisiana Department of... Read more >

Category: Louisiana

The Most-Overlooked Tax Deductions

Source: kiplinger.com - Feb 12, 2015

Years ago, the fellow who was running the IRS at the time told Kiplinger's Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of... Read more >

Category: IRS

Tax-Refund Fraud Soaring, Little IRS Can Do

Source: nbcnews.com - Feb 12, 2015

Tax-refund fraud is expected to soar again this tax season, and hit a whopping $21 billion by 2016, from just $6.5 billion two years ago, according to the Internal Revenue Service. And the... Read more >

Category: IRS

Small business owners forced to battle IRS over seized bank accounts

Source: foxnews.com - Feb 12, 2015

Andrew Clyde, a Navy veteran who served in Iraq, started his small firearms store in Athens, Ga., in the 1990s. Over the years, he watched his business grow. And then, on April 12, 2013, two IRS... Read more >

Category: IRS

Tax Season Opens As Planned Following Extenders Legislation

Source: Okay, folks...electronic filing begins on 01 - Dec 30, 2014

IR-2014-119, Dec. 29, 2014 WASHINGTON -- Following the passage of the extenders legislation, the Internal Revenue Service announced today it anticipates opening the 2015 filing season as scheduled... Read more >

Category: General Business

IRS chief: Budget cuts to freeze hiring, cut enforcement

Source: politico.com - Dec 19, 2014

12/17/14 5:52 PM EST The IRS will freeze hiring and stop overtime as a result of the budget cuts just passed by Congress, according to an email obtained by POLITICO. IRS Commissioner John... Read more >

Category: General Business

IRS Commissioner Predicts Miserable 2015 Tax Filing Season

Source: forbes.com - Dec 19, 2014

Internal Revenue Service Commissioner John Koskinen warned that close to half the people trying to reach the IRS by phone might not get through during the upcoming 2015 tax filing season. “Phone... Read more >

Category: IRS

Louisiana Tax Amnesty 2014 gives relief for delinquent taxpayers

Source: fox8live.com - Oct 16, 2014

BATON ROUGE, LA (WAFB) - Louisiana Tax Amnesty 2014 will be held from Oct. 15 through Nov. 14, 2014. The 30-day tax amnesty program offers noncompliant taxpayers the opportunity to settle their... Read more >

Category: Louisiana

Man Sentenced to One Year in Prison for Threatening to Kill IRS Agent and Family

Source: accountingtoday.com - Oct 8, 2014

A Rhode Island man has been sentenced to 12 months and one day in prison for threatening to assault and murder an Internal Revenue Service agent and his family. U.S. District Court Chief Judge... Read more >

Category: IRS

IRS Chief Warns Congress about Possible Delay to Tax Season from Unresolved Tax Extenders

Source: accountingtoday.com - Oct 8, 2014

Washington, D.C. (October 7, 2014) By Michael Cohn Internal Revenue Service commissioner John Koskinen has written a letter to the leaders of Congress’s main tax committees urging them to... Read more >

Category: IRS

Personal income in Louisiana grows by $1.9 billion in second quarter

Source: nola.com - Sep 30, 2014

Personal income in Louisiana increased by 1.7 percent, or $1.9 billion, during the second quarter of 2014, according to data released Tuesday by the U.S. Department of Commerce. Louisiana's... Read more >

Category: Louisiana

IRS Missing Opportunities To Collect Delinquent Taxes: TIGTA

Source: tax-news.com - Sep 30, 2014

The United States Internal Revenue Service may be missing opportunities to collect delinquent taxes because it is not always completely researching cases before closing them as uncollectible,... Read more >

Category: IRS

Tax-filing and Payment Extensions Expire Oct. 15; Check Eligibility for Overlooked Tax Benefits; Choose E-file; E-pay with New Direct Pay

Source: irs.gov - Sep 30, 2014

IR-2014-93, Sept. 30, 2014 WASHINGTON — The Internal Revenue Service today urged taxpayers whose tax-filing extension runs out on Oct. 15 to double check their returns for often-overlooked tax... Read more >

Category: IRS