News

17 Reasons the IRS Will Audit Your Tax Return

Source: kiplinger.com - Mar 6, 2017

Ever wonder why some tax returns are eyeballed by the Internal Revenue Service while most are ignored? Short on personnel and funding, the IRS audited only 0.70% of all individual tax returns in... Read more >

Category: General Business

An accountant explains the mistakes too many people make on their taxes

Source: businessinsider.com - Mar 6, 2017

It's tax season. It might not be as charming as engagement season — or as worrisome as divorce season — but it's a crucial and unavoidable part of the year. However, if you're not meticulous,... Read more >

Category: General Business

The States With the Best and Worst Property Taxes In 2017

Source: lifehacker.com - Mar 4, 2017

American households spend an average of $2,149 in home property taxes every year. Tack on another $400 on average in vehicle property taxes for residents of 27 states and that’s a big chunk of... Read more >

Category: General Business

10 Ways to Curb Taxes in Retirement Tips on withdrawal sequencing, maximizing your deductions, and more.

Source: news.morningstar.com - Mar 4, 2017

While you're still working, much of what you owe in your taxes in any given year is preordained by your salary. Sure, you might have room to lower your tax bill by making tax-deductible IRA and... Read more >

Category: General Business

Tempted to lie on your taxes? Here are 4 reasons you shouldn’t

Source: marketwatch.com - Mar 4, 2017

The average tax refund is more than $3,000. When you hear that number and do your taxes, only to find out that your refund is much less — or worse, that you owe money — it can be tempting to... Read more >

Category: General Business

Refund Donations - Did You Know?

Source: rev.state.la.us - Mar 2, 2017

Did you know that you can donate to any of 22 funds when you file your Louisiana state individual income taxes? The tax return includes the names of organizations to which you can donate all or... Read more >

Category: General Business

How Affordable Care Act Repeal and Replace Plans Might Shift Health Insurance Tax Credits

Source: kff.org - Mar 2, 2017

An important part of the repeal and replacement discussions around the Affordable Care Act (ACA) will involve the type and amount of subsidies that people get to help them afford health insurance.... Read more >

Category: General Business

IRS Says It Has More Than $1 Billion In Unclaimed Tax Refunds

Source: forbes.com - Mar 2, 2017

What would you do if you knew someone else had your money? Claim it, of course. The Internal Revenue Service (IRS) is urging taxpayers to do exactly that: More than $1 billion in outstanding tax... Read more >

Category: General Business

This entrepreneur takes Wednesdays off—and the decision has made him millions

Source: cnbc.com - Feb 24, 2017

Ramit Sethi works more or less nonstop as a personal finance guru and the founder of the online personal finance and career resource "I Will Teach You to be Rich" and GrowthLab.com, where... Read more >

Category: General Business

Taxing Liquor during Mardi Gras

Source: offbeat.com - Feb 24, 2017

What do we do during Mardi Gras? We costume. We party. We drink. We visit with our friends. We listen to music. We drink. We parade. We catch beads and junk from floats. We eat. We drink. We drink... Read more >

Category: General Business

Governor Edwards hopes to fund TOPS, DOTD during special legislative session

Source: wgno.com - Feb 23, 2017

Governor John Bel Edwards said his budget proposal for the 2018 fiscal year leaves many state services unfunded, for now. In a statement released today, Edwards said he has stayed true to his... Read more >

Category: General Business

Trump's Tax System Could Spark The Wave Of Self-Employment

Source: forbes.com - Feb 23, 2017

Government is necessary. That means we have to pay for the things government does. Hence, we have taxes. The goal of tax policy should be simple: raise the required revenue to pay for whatever... Read more >

Category: General Business

Tax Refund Chart Can Help You Guess When You'll Receive Your Money

Source: forbes.com - Feb 23, 2017

Today's the day! Release the hounds! Or, er, the refund checks! As you've no doubt heard by now, Congress passed a new law called the "Protecting Americans from Tax Hikes (PATH) Act of 2015."... Read more >

Category: General Business

Tax filing, payment extensions available for New Orleans tornado victims

Source: nola.com - Feb 22, 2017

Relief is available to Louisiana taxpayers affected in the severe storms and tornadoes that struck the state Feb. 7. Filing and payment extensions are available to residents whose homes or business... Read more >

Category: General Business

Who Should Pay Quarterly Estimated Taxes?

Source: host.madison.com - Feb 22, 2017

Anyone who makes money outside of a traditional job generally has concerns over the tax implications of that income. Most people don't want to end up with a tax bill at the end of the year, or see... Read more >

Category: General Business