News

Expecting a second stimulus check? These are your rights

Source: cnet.com - Jan 4, 2021

Now that the second stimulus check is being delivered by payment groups, tens of millions of Americans will receive up to $600 per person (here's how to calculate your total). Though there's a... Read more >

Category: General Business

These Tiny Last-Minute Tax Changes Could Be a Big Deal in 2021

Source: wsj.com - Jan 4, 2021

With taxes, small changes often add up to big differences—and major confusion. Last year Congress passed two important bills in response to Covid-19 that contain a slew of tax changes, with the... Read more >

Category: General Business

States Square Off Over Taxing Remote Workers’ Income

Source: wsj.com - Dec 24, 2020

The rise of remote workers during the Covid-19 pandemic has led to a showdown in the U.S. Supreme Court over which state gets to tax their income. More than a dozen states submitted legal briefs... Read more >

Category: General Business

Millions of Americans receiving unemployment aid could face surprise tax bill

Source: foxbusiness.com - Dec 24, 2020

Millions of out-of-work Americans who are collecting unemployment benefits as a result of the coronavirus pandemic could face an unpleasant surprise when they file their taxes next year. That's... Read more >

Category: General Business

Give Yourself a Last-Minute Tax Refund Boost Using This Strategy

Source: fool.com - Dec 24, 2020

There are only a few trading days left in the year. With the clock winding down on 2020, you may be limited in how much you can reposition your investments to get an increase in your overall rate... Read more >

Category: General Business

5 Significant Louisiana Tax Developments Of 2020

Source: law360.com - Dec 23, 2020

Law360 (December 22, 2020, 2:13 PM EST) -- Despite being under lockdown for most of the year, Louisiana has been very active in the Legislature and the courts regarding tax issues. Several... Read more >

Category: General Business

Millions of Americans Who Missed Out on Stimulus Checks Will Qualify Under New Deal

Source: newsweek.com - Dec 23, 2020

Millions of American citizens who were previously denied a stimulus check as an unintended consequence of the CARES Act will soon be eligible for a new round of direct payments, in addition to the... Read more >

Category: General Business

Trump throws Covid relief bill in doubt by asking Congress to amend it

Source: cnn.com - Dec 23, 2020

CNN)President Donald Trump on Tuesday said he is asking for changes to the coronavirus relief bill passed by Congress, leaving the future of the $900 billion stimulus in doubt. Trump's position... Read more >

Category: General Business

Folger’s Is Seeking $25 Million in Tax Breaks From New Orleans

Source: nola.eater.com - Dec 17, 2020

Welcome to p.m. Intel, your afternoon roundup of New Orleans food and restaurant news. Tips are always welcome, drop them here. The Folger Coffee Co., which has a plant in New Orleans East, is... Read more >

Category: General Business

Mayor Cantrell: No new restrictions to come in Orleans Parish

Source: fox8live.com - Dec 17, 2020

NEW ORLEANS (WVUE) - Orleans Parish will not face stricter restrictions after falling below the five percent mark in cases. Bar and restaurant owners can breathe a sigh of relief as doors can stay... Read more >

Category: General Business

Mardi Gras retailers feeling the effects of parade cancellations

Source: brproud.com - Dec 17, 2020

BATON ROUGE, La. (BRPROUD) – Mardi Gras parades are quickly getting canceled ahead of the 2021 season, creating some widespread effects that stretch down to carnival retailers. The beads are... Read more >

Category: General Business

Millions of Americans Could Be in for a Tax Shock. Here's Why

Source: fool.com - Dec 11, 2020

The coronavirus pandemic has caused an unemployment crisis unlike any other. While the jobless rate has declined since hitting a record high in April, millions of Americans are still out of work... Read more >

Category: General Business

America’s Three Richest People Are Now Positioned To Pay Zero State Income Tax

Source: forbes.com - Dec 11, 2020

Tesl TSLA -2.8%a CEO Elon Musk has moved his primary residence from California to Texas, according to reports on Tuesday, which means the three richest people in American—Musk, Amazon AMZN -0.5%... Read more >

Category: General Business

Bob Dylan’s Catalog Sale Highlights a Tax Advantage for Songwriters

Source: wsj.com - Dec 11, 2020

The answer, my friend, is blowin’ in the tax code. The sale of Bob Dylan’s songwriting catalog to Universal Music Publishing Group, announced this week, likely means he is trading an ongoing... Read more >

Category: General Business

Time Is Running Out to Skip RMDs and Get 401(k) Coronavirus Hardship Withdrawals. Here’s How to Act to Minimize Future Taxes.

Source: barrons.com - Dec 10, 2020

Americans worried about financial stress from the pandemic have until year’s end to take advantage of tax-friendly provisions in the Cares Act, moves that require some planning to avoid draining... Read more >

Category: General Business