News

IRS Can Audit 3 Or 6 Years, But California Can Audit Forever

Source: forbes.com - Oct 20, 2016

You may think about the IRS when you think taxes. But if you live or do business in California, we have high individual (13.3%) and business (8.84%) tax rates. Add the state’s notoriously... Read more >

Category: General Business

Social Security Taxes to Rise for Higher-Income Americans

Source: wsj.com - Oct 20, 2016

Higher-income workers will pay more in payroll taxes next year to support Social Security, while retirees and other program beneficiaries see a scant increase in their monthly benefits. Nearly 66... Read more >

Category: General Business

Understanding Your CP2000 Notice

Source: irs.gov - Oct 19, 2016

The income and/or payment information we have on file doesn’t match the information you reported on your tax return. This could affect your tax return; it may cause an increase or decrease in... Read more >

Category: IRS

Louisiana among just five states where tax rate on cell phone service is below sales tax rate, study says

Source: businessreport.com - Oct 19, 2016

For once, Louisiana is at the bottom of a national ranking for a good reason. On average, Louisianans pay 1.54 percentage points less in taxes for cell phone service than they do in sales taxes,... Read more >

Category: General Business

It could be the nation’s first carbon tax. And environmentalists are fighting over it

Source: washingtonpost.com - Oct 19, 2016

A new initiative slated for the ballot in Washington state next month would create the first-ever carbon tax to be implemented in the United States. But while the initiative promises to fight... Read more >

Category: General Business

Consumer prices increase along with gas costs

Source: nola.com - Oct 19, 2016

WASHINGTON — Consumer prices increased in September at the fastest pace since the spring as gasoline costs jumped after declining for two straight months, the Labor Department said Tuesday (Oct.... Read more >

Category: General Business

AgCenter medical marijuana business will take $11 million investment

Source: theadvocate.com - Oct 19, 2016

Turning a 15,000-square-foot warehouse into a medical marijuana greenhouse, lab and production facility and operating it for at least five years before revenue outstrips expenses will cost an... Read more >

Category: Louisiana

Year-End Financial Planning To-Dos for Investors

Source: morningstar.com - Oct 14, 2016

hristine Benz: Hi, I'm Christine Benz for Morningstar.com. The fourth quarter will soon be upon us. Joining me to share some year-end financial planning to-dos is Tim Steffen, he's director of... Read more >

Category: General Business

President Obama signs bill to eliminate taxes on prizes for winning Olympic medals

Source: sbnation.com - Oct 12, 2016

Any United States athlete who wins an Olympic medal receives all of the glory that comes with accomplishing such a feat. They also currently receive a tax bill with it. That will change starting in... Read more >

Category: IRS

Tax-filing Extension Expires Oct. 17 for Millions of Taxpayers; Check Eligibility for Overlooked Tax Benefits

Source: irs.gov - Oct 10, 2016

IR-2016-130, Oct. 7, 2016 WASHINGTON — The Internal Revenue Service today urged taxpayers whose tax-filing extension runs out on Oct. 17 to double check their returns for often-overlooked tax... Read more >

Category: IRS

Social Security: 5 Smart Ways to Get More Benefits

Source: fool.com - Oct 10, 2016

It's hard to imagine what retirement would look like for our country without Social Security. The program lifts millions of senior citizens out of what would be an impoverished existence. At the... Read more >

Category: General Business

Mississippi ranked as top tax-friendly state for retirees

Source: wdam.com - Oct 10, 2016

MISSISSIPPI (WDAM) - New data from Kiplinger ranks Mississippi as the fourth most tax-friendly state for retirees in the United States. "It's awesome," said Chad Newell, president of the Area... Read more >

Category: General Business

What would you pay to fix Louisiana's roads?

Source: thetowntalk.com - Oct 7, 2016

Would you pay an extra 12 cents per gallon of gas to fix Louisiana's crumbling roads? What about 15, or 20? That's the tough question state residents and their elected officials in the Legislature... Read more >

Category: Louisiana

Three individuals allege their landlords overcharged them for utility bills, taxes

Source: louisianarecord.com - Oct 7, 2016

Three individuals allege their landlords overcharged them for real estate taxes and utility bills for a property they rent as a restaurant. Timothy Dubuclet, Tanya Dubuclet and Tana Montrel filed... Read more >

Category: General Business

Millennial Money Scams: Five Ways To Protect Your Stash

Source: forbes.com - Oct 7, 2016

I’m always surprised by people who are unaware of the extent of cyber-thievery. It’s currently one of the biggest global crime enterprises and is being perpetrated 24/7. So how do you protect... Read more >

Category: General Business