News

Saints seem destined for loss in tax credit scam

Source: katc.com - Jan 16, 2012

NEW ORLEANS (AP) - Unlike this season's winning on the football field, current and former members of the New Orleans Saints who bought nonexistent tax credits from a defunct movie studio are likely... Read more >

Category: Louisiana

Louisiana Offering Tax Refunds on Chase Debit Cards

Source: katc.com - Jan 16, 2012

The Louisiana Department of Revenue is now offering tax refunds in the form of a debit card. In the past, individuals had two options for returns: check or direct deposit. This year, taxpayers who... Read more >

Category: Louisiana

IRS Offshore Programs Produce $4.4 Billion To Date for Nation’s Taxpayers; Offshore Voluntary Disclosure Program Reopens

Source: irs.gov - Jan 16, 2012

IR-2012-5, Jan. 9, 2012 WASHINGTON — The Internal Revenue Service today reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes... Read more >

Category: IRS

New Orleans property tax bills will hit mailboxes soon

Source: nola.com - Jan 12, 2012

When the Orleans Parish School Board last week declined to reconsider its decision not to "roll forward" all of its property tax millages, New Orleans real estate tax bills for 2012 were finally... Read more >

Category: Louisiana

IRS Releases New Tax Gap Estimates; Compliance Rates Remain Statistically Unchanged From Previous Study

Source: irs.gov - Jan 9, 2012

R-2012-4, Jan. 6, 2012 WASHINGTON — The Internal Revenue Service today released a new set of tax gap estimates for tax year 2006. The tax gap is defined as the amount of tax liability faced by... Read more >

Category: IRS

Congress Ready To Act On Online Sales Tax

Source: financialedge.investopedia.com - Jan 9, 2012

Posted: January 6, 2012 11:16AM by Brian O'Connell Will small businesses face significant harm if Congress goes through with the Marketplace Freedom Act? The act gives states the authority to... Read more >

Category: General Business

Lafourche shrimper pleads guilty to bribing an IRS agent

Source: houmatoday.com - Jan 7, 2012

A commercial shrimper from Cut Off pleaded guilty in federal court Thursday to offering an agent with the Internal Revenue Service $6,000 in cash and shrimp in exchange for faking tax documents.... Read more >

Category: General Business

Georgia Qualified Education Expense Credit

Source: etax.dor.ga.gov - Jan 5, 2012

To our Georgia clients: Georgia Dept of Revenue sent out a notice regarding their school credit. The highlights are below; to read the actual law click on the "source" link (above), or use the... Read more >

Category: Other States

Seven Tips for Choosing a Tax Preparer

Source: dailyfinance.com - Jan 4, 2012

By Kelly Phillips Erb As tax laws become increasingly complicated, more taxpayers rely on tax professionals and tax software to help prepare their returns. In her most recent report to Congress,... Read more >

Category: IRS

Tips for Choosing a Tax Preparer

Source: irs.gov - Jan 4, 2012

If you pay someone to prepare your tax return, the IRS urges you to choose that preparer wisely. Taxpayers are legally responsible for what’s on their tax return even if it is prepared by someone... Read more >

Category: IRS

Straight from IRS Site --Six Year-End Tips to Reduce 2011 Taxes

Source: irs.gov - Dec 28, 2011

Here are six tax-saving tips for you to consider before the calendar turns to 2012: Make Charitable Contributions – If you itemize deductions, your donations must be made to qualified... Read more >

Category: IRS

Not News--just want to highlight these links for visitors

Source: larrysincometax.com - Dec 27, 2011

Cut and paste these links to your address bar: Use this link to compare retirement plans a quick glance: http://www.retirementplans.irs.gov/plan-comparison-table/ Use this link to read about... Read more >

Category: IRS

Why I hate income tax refunds. That big, fat tax refund really means you've given the government an interest-free loan. It's far better to keep the money you earned in the first place.

Source: money.msn.com - Dec 27, 2011

Refunds: They're wrong! It's hard to get that through to my clients. But refunds are bad. Sure, it's exciting to get a check from the Internal Revenue Service. Well, actually, it's from the... Read more >

Category: IRS

Plan Now to Get Full Benefit of Saver’s Credit; Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement

Source: irs.gov - Dec 27, 2011

IR-2011-121, Dec. 16, 2011 WASHINGTON — Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2011 and the years ahead, according to the... Read more >

Category: IRS

Payroll Tax Cut Temporarily Extended into 2012

Source: irs.gov - Dec 27, 2011

IR-2011-124, Dec. 23, 2011 WASHINGTON — Nearly 160 million workers will benefit from the extension of the reduced payroll tax rate that has been in effect for 2011. The Temporary Payroll Tax Cut... Read more >

Category: IRS