CPA, income tax and Louisiana - Accountant Advocate

Louisiana Doctor Gets 4 Years in Prison for Tax Evasion

CPA Practice

MARCH 13, 2024

A Louisiana physician has been sentenced to 52 months in prison for tax evasion. million in income taxes, excluding interest and penalties. for the Middle District of Louisiana made the announcement. Trial Attorney Wilson Stamm of the Tax Division and Deputy Criminal Chief Edward Warner and Assistant U.S.

Louisiana

Louisiana Tax Real Estate income tax

What’s new in sales tax?

TaxConnex

AUGUST 15, 2023

Among highlights: In some cases, local sales taxes exceed state rates. The five states with the highest average combined state and local sales tax rates are Tennessee (9.548%), Louisiana (9.547%), Arkansas (9.44%), Washington (9.4%) and Alabama (9.24%). California has the highest statewide sales tax rate, at 7.25%.

Sales

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$1.5 Billion in Unclaimed Tax Refunds from 2019 Set to Expire in July 2023, Says IRS

CPA Practice

APRIL 12, 2023

By missing out on filing a tax return, people stand to lose more than just their refund of taxes withheld or paid during 2019. Many low- and moderate-income workers may be eligible for the Earned Income Tax Credit (EITC). The EITC helps individuals and families whose incomes are below certain thresholds in 2019.

Rhode Island

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Webinars

Live Demo: How to Achieve Reconciliation Zen

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Employer Payroll Tax Obligations When Employees Work Out-Of-State

Anders CPA

MAY 15, 2023

Below we dive into the state and unemployment tax responsibilities employers need to know. Learn more about how we can ensure compliance with state payroll tax withholding requirements and the associated fees by contacting Anders below.

payroll tax

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Professionals on the Move – January 2023

CPA Practice

JANUARY 31, 2023

Dane earned his Bachelor of Science from Louisiana Tech University and his Master of International Business from Munich Business School in Munich, Germany. Dane Harris leads the firm’s efforts in Texas and surrounding markets, with a focus on private equity advisory and transaction advisory services.

New Hampshire

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Milestones for S Corporation Election

CPA Practice

MARCH 7, 2023

Other jurisdictions, such as the District of Columbia, Louisiana, New Hampshire, New York City, Tennessee, and Texas, don’t recognize the federal S Corp election and tax S Corps as a corporation. Other factors to consider include which states do or do not recognize S Corps at the state level.

New Hampshire

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AICPA Dealership Conference – Updates and Takeaways

Withum

FEBRUARY 1, 2023

Set in New Orleans, Louisiana this year, there was plenty of fun (Phillies Astros World Series Game 1) and information to go around. Important Tax Considerations With 2022 coming to an end, there are several important tax topics and considerations a dealer should be aware of over the next few years.

accounting and finance

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Steve Padgett’s Three Business Tax Penalties To Avoid When Possible

SkagitCountyTaxServices

MAY 26, 2021

With May 17th behind us (though for those in Texas, Louisiana and Oklahama — this was just another day. But before we leave taxes in the rearview, let’s address an unfortunate reality: as a business owner, you have a greater number of tax reporting obligations than a regular person has.

business tax

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State and Local Tax (SALT) Predictions for 2024

CPA Practice

FEBRUARY 6, 2024

We predict that at least two more states will enact elective PTE taxes, despite the looming expiration of the federal SALT cap. Income tax rate fluctuations States are facing a very uncertain and non-uniform fiscal environment at the moment, affording some, but by no means all, states the ability to reduce state income tax rates.

South Dakota

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How the 50 States Rank By Tax Burden

CPA Practice

APRIL 3, 2024

Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub. Maine has the highest property tax burden, while Alabama has the lowest. 1 being the highest and No.

Rhode Island

Rhode Island Alaska Tax New Hampshire

How the 50 States Rank By Tax Burden

CPA Practice

APRIL 9, 2024

Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub. Maine has the highest property tax burden, while Alabama has the lowest. 1 being the highest and No.

Rhode Island

Rhode Island Alaska Tax New Hampshire

Louisiana Tax Relief Granted by IRS After Seawater Intrusion

CPA Practice

OCTOBER 2, 2023

By Katelyn Washington, Kiplinter Consumer News Service (TNS) The IRS has granted Louisiana tax relief to areas of the state impacted by seawater intrusion. Affected taxpayers now have extended tax deadlines of Feb. 15, 2024, to file certain tax returns and make tax payments. Is the Louisiana tax deadline extended?

Louisiana

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IRS Gives California a Last-Minute Tax Deadline Reprieve

CPA Practice

OCTOBER 16, 2023

Taylor, Kiplinger Consumer News Service (TNS) Many Californians thought their taxes were due today (Oct. 16), but the IRS has further postponed tax deadlines for people in 58 counties impacted by natural disasters last winter. 16, 2023, to file their 2022 federal income tax returns and pay any tax due.

California

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Abolish Income Taxes? Idea Gains Some Traction in Congress

CPA Practice

JANUARY 23, 2023

TNS) Seeming to come out of left field, President Joe Biden last week blasted Republicans for pushing legislation that would abolish federal income taxes and the IRS then replace those revenues with a 30% or so national sales tax. “It But rolling back taxes will be a prime topic as state legislatures convene around the country.

income tax

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Senate Confirms Daniel Werfel as Next IRS Chief

CPA Practice

MARCH 9, 2023

Werfel, a former acting commissioner of the IRS under the Obama administration, won the support of six Republicans, according to the NYT, despite increased scrutiny of the tax agency by many conservatives. Both bills are expected to stall in the Democratic-controlled Senate.

West Virginia

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Accountant Advocate

Louisiana Doctor Gets 4 Years in Prison for Tax Evasion

What’s new in sales tax?

Webinars

Trending Sources

$1.5 Billion in Unclaimed Tax Refunds from 2019 Set to Expire in July 2023, Says IRS

Webinars

Employer Payroll Tax Obligations When Employees Work Out-Of-State

Professionals on the Move – January 2023

Milestones for S Corporation Election

AICPA Dealership Conference – Updates and Takeaways

Steve Padgett’s Three Business Tax Penalties To Avoid When Possible

State and Local Tax (SALT) Predictions for 2024

How the 50 States Rank By Tax Burden

How the 50 States Rank By Tax Burden

Louisiana Tax Relief Granted by IRS After Seawater Intrusion

IRS Gives California a Last-Minute Tax Deadline Reprieve

Abolish Income Taxes? Idea Gains Some Traction in Congress

Senate Confirms Daniel Werfel as Next IRS Chief

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