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FinCEN Provides Beneficial Ownership Information Reporting Relief to Victims of Hurricane Francine; Certain Filing Deadlines in Affected Areas Extended Six Months

Member Only Content October 29, 2024

FinCEN announced today that certain victims of Hurricane Francine will receive an additional six months to submit BOI reports (including updates or corrections to prior reports). Learn about the TWO requirements companies need to meet to qualify.

  • advocacy
  • irs
  • filing deadlines
  • hurricane
  • disaster
  • boi

LDR New Policy Statement

Member Only Content October 22, 2024

The Department of Revenue has issued a new Policy Statement on Credit for Tax Paid on Unlisted Vapor and Alternative Nicotine Products

  • tax
  • ldr
  • tax credit

FinCEN Provides FBAR Filing Relief to Victims of Tropical Storm Francine

Member Only Content October 07, 2024

FinCEN announced today that victims of Tropical Storm Francine have until February 3, 2025 to file Reports of Foreign Bank and Financial Accounts (FBARs) for the 2023 calendar year. FBAR filings for calendar year 2023 would otherwise be due on or before October 15, 2024.

  • advocacy
  • irs
  • filing deadlines
  • hurricane
  • disaster

IRS Provides Relief to Francine Victims in All of Louisiana

Member Only Content September 13, 2024

IRS announced today tax relief for individuals and businesses in the entire state of Louisiana, affected by Tropical Storm Francine that began on Sept. 10, 2024.  These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. 

  • advocacy
  • tax
  • irs
  • filing deadlines
  • hurricane
  • disaster

LDR Grants Automatic Extensions for Eligible Individuals and Businesses Impacted by Hurricane Francine

Member Only Content September 13, 2024

LDR is granting filing and payment extensions to taxpayers whose homes, principal places of business, critical tax records or paid tax preparers are located in the federally declared disaster areas following Hurricane Francine.

  • advocacy
  • tax
  • ldr
  • filing deadlines
  • hurricane
  • disaster

Hurricane Francine - Advocating for Tax Filing Relief

Member Only Content September 12, 2024

LCPA urges the IRS to provide immediate relief and assistance for those impacted as they face the September 16 filing deadline.

  • advocacy
  • irs
  • filing deadlines
  • hurricane
  • disaster

Protect Tax Records and Financial Documents from Weather-Related Threats

Member Only Content September 12, 2024

The Louisiana Department of Revenue gives taxpayers options to protect their tax records and other financial documents from weather-related threats. Click to read!

  • general
  • hurricane
  • disaster

Hunters Tax Break

Member Only Content September 03, 2024

Hunters get a tax break during the 2nd Amendment Weekend Sales Tax Holiday. Click to learn more details.

  • general
  • tax
  • sales tax

LDR New Policy Statements

Member Only Content September 03, 2024

The Department of Revenue has issued new Policy Statements which may be accessed by the links in this article.

Wright and James Honored for Longstanding Commitment

August 24, 2024

LCPA recognized Candy Wright and Dennis James at the Louisiana Accounting & Auditing Conference on August 22. Read more about their noteworthy accomplishments.

  • general
  • award
  • service
  • leadership
  • association
  • lcpa

2024-25 Board of Directors Elected at Annual Meeting

August 22, 2024

LCPA held its Annual Meeting and Election of Officers on August 14 at The Ritz-Carlton New Orleans. Meet our new Board of Directors.

  • leadership
  • association

LCPA Announces 2024 Service Award Recipients

August 22, 2024

LCPA recently honored 7 members for their remarkable contributions to the CPA profession and the communities they serve. Read about these outstanding individuals and their service.

  • award
  • leadership
  • association
  • lcpa

LA Second Amendment Sales Tax Holiday Weekend Sep 6-8

Member Only Content August 01, 2024

Louisiana Revised Statute 47:305.62 provides a state and local sales and use tax exemption on any consumer purchase of firearms, ammunition, and hunting supplies - read about qualifying purchases.

  • tax
  • ldr

LDR Releases Administrative Extensions for Tax Returns and Payments

Member Only Content July 19, 2024

On July 19, 2024, network connectivity issues impacted the Louisiana Department of Revenue’s (the “Department”) website. At this time, the Department is granting filing and payment extensions for tax returns and payments due on July 20, 2024. View the extension date and which payments and returns the extension applies too.

  • tax
  • ldr

LCPA Announces Slate of Candidates for 2024-25 Board of Directors

Member Only Content July 03, 2024

The LCPA Nominating Committee selected the 2024-25 slate of candidates to be voted upon at the Annual Meeting, August 14. Take a look at those who have been nominated for our association's key leadership positions.

  • leadership
  • association
  • lcpa

Join AICPA in Letter to Voice Concerns with BOI Rollout and Request Delay of Enforcement

Member Only Content April 09, 2024

The U.S. Department of the Treasury and the Financial Crimes Enforcement Network are urged to exercise caution regarding the failure to provide a reasonable timeframe for small businesses, both new and existing entities, to comply with BOI.

  • boi

LDR Releases Partnership Income Tax Bulletin on 2023 Partnership Filing Requirements

Member Only Content February 08, 2024

Get the latest on LDR RIB 24-008, other new LDR policy statements, and news on CNA's decision to cover BOI work

  • advocacy
  • ldr
  • irs
  • filing deadlines
  • tax credit

LAWATS Tutorial Now Available

Member Only Content January 29, 2024

On January 24, the Louisiana Workforce Commission provided a tutorial for LCPA members on how to use the new features of the LAWATS site. LCPA members can now access a recording of that presentation. (Login required.)

New Regulations From LDR

Member Only Content January 29, 2024

New regulations include Net Capital Gain Deduction, Refundable Tax Credit for Infant Adoption, and Corporate Income and Franchise Tax Return Filing Extensions.

U.S. BOI Reporting Update & Resources

Member Only Content January 09, 2024

Get the latest on FinCEN’s BOI Information Registry and compliance resources. Also, LDR’s Emergency Rule on net capital gains deduction, effective Jan 1, 2024.

  • general
  • advocacy
  • legislation
  • ldr
  • fraud