News

Millions in income tax refunds headed for Unclaimed Property unless taxpayers take action

Source: rev.louisiana.gov - Aug 16, 2012

August 14, 2012 BATON ROUGE – Millions of dollars in state income tax refunds will become unclaimed property if taxpayers don’t claim them by August 24, 2012. The Louisiana Department of... Read more >

Category: Louisiana

ARIZONA TAX DEFIER SENTENCED TO NINE YEARS IN PRISON FOR FRAUD AND TAX CONSPIRACY

Source: justice.gov - Aug 14, 2012

FOR IMMEDIATE RELEASE FRIDAY, AUGUST 10, 2012 WWW.USDOJ.GOV TAX (202) 514-2007 TDD (202) 514-1888 ARIZONA TAX DEFIER SENTENCED TO NINE YEARS IN PRISON FOR FRAUD AND TAX CONSPIRACY WASHINGTON –... Read more >

Category: IRS

Report finds widespread fraud in taxpayer ID program

Source: foxnews.com - Aug 10, 2012

A recently released report shows widespread tax fraud in connection with the federal government’s Individual Taxpayer Identification Number program. The U.S. Treasury inspector general report... Read more >

Category: IRS

Film tax credits cost state too much, report says

Source: nola.com - Aug 9, 2012

By Jeff Adelson, The Times-Picayune Baton Rouge -- The state's film tax credits cost the state about $60,000 for each direct job they create, according to a report from a think tank that blasts... Read more >

Category: General Business

Live music permit crackdown unplugs entertainment at two popular New Orleans bars

Source: nola.com - Aug 9, 2012

By Claire Galofaro, The Times-Picayune The chalk-written sign outside a venerated city dive bar -- typically reserved for its busy calendar of live music acts -- now instead carries an apology to... Read more >

Category: Louisiana

Small Businesses That Made the Mars Mission Possible

Source: inc.com - Aug 7, 2012

Talk about an untapped market. These businesses are making their mark 154 million miles from Earth. When NASA's Curiosity rover successfully landed on Mars Monday, it made history as the largest... Read more >

Category: General Business

Local lenders featured in American Banker cover story

Source: nola.com - Aug 7, 2012

By Rebecca Mowbray, The Times-Picayune The cover story of the August edition of American Banker magazine, "How Bank M&A is reshaping the Southeast," features several local banks that are... Read more >

Category: Louisiana

US Lawmakers Look To Abolish Olympic Medal Taxes

Source: tax-news.com - Aug 7, 2012

by Leroy Baker, Tax-News.com, New York 07 August 2012 After Americans for Tax Reform (ATR) pointed out that American individuals winning medals at the Olympics would be liable for United States... Read more >

Category: IRS

Win a medal, pay the price

Source: msn.foxsports.com - Aug 3, 2012

Go for the gold — but should you succeed, be prepared to dole out some gold of your own. The U.S. Olympic Committee awards prize money to American medal winners: $25,000 for gold, $15,000 for... Read more >

Category: General Business

Vacant jobs looking for qualified workers in Louisiana

Source: wwl.com - Aug 3, 2012

Shana Rose Reporting Even with unemployment over 8% nationally, there are still a lot of jobs that employers are having trouble filling both nationally and in Louisiana. Manpower Group recently... Read more >

Category: General Business

Tax Scam: IRS Pays Out Billions in Fraudulent Refunds

Source: cnbc.com - Aug 3, 2012

The IRS is paying out billions of dollars in fraudulent tax refunds to identity thieves; a problem that the tax service’s inspector general told CNBC is a “growing problem” involving numbers... Read more >

Category: IRS

US Congress Discusses Online Sales Taxes

Source: tax-news.com - Jul 31, 2012

by Mike Godfrey, Tax-News.com, Washington 27 July 2012 The United States House of Representatives Committee on the Judiciary has held a hearing to consider proposed legislation which would enable... Read more >

Category: General Business

What the IRS Does and Doesn’t Consider a Business Expense

Source: smallbusiness.foxbusiness.com - Jul 31, 2012

When it comes to determining if a transaction is tax deductible, small business owners need to keep one rule in mind: The IRS allows all “ordinary and necessary” business expenses to be... Read more >

Category: IRS

2012 Louisiana Sales Tax Holiday - Friday, August 3, & Saturday, August 4

Source: revenue.louisiana.gov - Jul 28, 2012

Individuals What is the Sales Tax Holiday? The Louisiana Sales Tax Holiday provides an exemption from state sales tax on the first $2,500 of the purchase price of most individual items of... Read more >

Category: Louisiana

2 day Louisiana sales tax holiday aimed at helping small businesses recover from recession

Source: washingtonpost.com - Jul 28, 2012

By Associated Press, Published: July 25AP BATON ROUGE, La. — Louisiana’s upcoming, two-day state sales tax holiday is aimed at helping small businesses recover from the recession. On Aug.... Read more >

Category: Louisiana