News+Alerts

LDR Issues NOL Guidance

May 18, 2022

LDR Guidance Regarding Federal and State Changes to Deductions for Net Operating Losses

  • tax
  • ldr

LDR Youth Jobs Tax Credit Applications due May 31, 2022

May 13, 2022

Act 454 of the 2021 Regular Session of the Louisiana Legislature authorizes the Louisiana Youth Jobs Tax Credit(“Youth Jobs”), as provided in R.S. 47:6028. The purpose of the Louisiana Department of Revenue Information Bulletin 22-009 is to provide guidance concerning eligibility and application for the credit.

  • ldr
  • filing deadlines
  • tax credit

LDR Issues ERC Guidance

April 04, 2022

Read the latest on LDR RR 22-001 regarding Application of 280C Deduction to Federal Employee Retention Credit.

  • tax
  • ldr
  • tax credit

IRS SCAM ALERT from local Stakeholder Liaison Area 3

March 28, 2022

Be prepared! Tune in to one of two IRS offerings via Zoom on 3/30 or 3/31 to see what some of the most recent scam emails look like.

  • irs
  • fraud

LDR Waives Some Partnership Filings

February 25, 2022

The Louisiana Department of Revenue has updated RIB 22-007 regarding Partnership Filings for the 2021 Tax Year; plus check out list of approved corporate state E-file software vendors.

  • advocacy
  • ldr
  • filing deadlines
  • partnerships

LDR Revises Partnership Filing Requirements

February 16, 2022

Read LDR RIB 22-007 including the footnotes, as well as LDR's targeted ‘go live’ dates for E-file.

  • advocacy
  • tax
  • ldr
  • filing deadlines

LCPA asks US Senate & House members to join bipartisan letters to Treasury Department

January 24, 2022

In an effort led by the AICPA, the State CPA Societies reached out to each of our state’s US Senate and House Members asking them to join bipartisan letters to the Treasury Department requesting assistance with IRS service issues. The AICPA has joined with several other organizations in a coalition that adds even more voices to the importance of this issue.

  • advocacy
  • irs

LDR 1099-NEC Waiver of Filing Requirements

January 21, 2022

Due to the ongoing state of emergency related to Hurricane Ida recovery efforts, and in consideration of the current level of COVID-19 cases throughout Louisiana, the Secretary has determined that an administrative waiver of this filing requirement is warranted and shall be effective for the 2021 tax year. Service recipients are not required to transmit 2021 IRS Forms 1099-NEC to LDR that would otherwise be due February 28, 2022.

  • disaster
  • tax
  • filing deadlines
  • covid-19
  • advocacy
  • hurricane
  • ldr

LDR Hurricane Ida Tax Relief Extended to Feb. 15

December 23, 2021

The Louisiana Department of Revenue (LDR) has updated Revenue Information Bulletin (RIB) No. 21-024 Automatic Extensions Granted for Eligible Individuals and Businesses Impacted by Hurricane Ida. The LDR RIB was updated on December 23, 2021, to extend income and franchise tax deadlines to February 15, 2022, in response to IRS IR-2021-254 which was issued on December 22, 2021.

IRS Hurricane Ida Tax Relief Extended to February 15

December 22, 2021

Victims of Hurricane Ida in six states now have until February 15, 2022 (extended from January 3) to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

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

FinCEN Provides FBAR Relief to Victims of Recent Natural Disasters

October 05, 2021

FinCEN announced October 5, 2021, that victims of Hurricane Ida, the California Wildfires, Tennessee Severe Storm and Flooding, Michigan Severe Storms, Flooding, and Tornadoes, and Tropical Storm Fred have until December 31, 2021, to file Reports of Foreign Bank and Financial Accounts (FBARs) for the 2020 calendar year.

  • advocacy
  • filing deadlines
  • disaster

LDR Sales Tax Filing Relief, Ida Updates, e-File Yr-End Shutdown Reminder

September 17, 2021

The latest on Hurricane Ida tax relief and assistance, PLUS annual e-File shutdown approaches

  • advocacy
  • tax
  • ldr
  • irs
  • hurricane
  • disaster

DOL to Conduct Audit Quality Assessment of 2020 Plan Year Filings of Form 5500

September 16, 2021

The U. S. Department of Labor (DOL). The DOL has said it will start contacting plan sponsors and firms in November regarding the paperwork and documentation for submission if one of their employee benefit plan (EBP) audits is selected for the audit quality assessment study.

  • advocacy

LDR Grants Extensions for Eligible Taxpayers Hurricane Ida

September 07, 2021

Due to the devastation caused by Hurricane Ida and the ongoing state of emergency, the Louisiana Department of Revenue (“LDR”) is granting automatic extensions to certain taxpayers in impacted areas. This bulletin explains which taxpayers are eligible for automatic extensions, by tax type, based on upcoming deadlines.

  • advocacy
  • tax
  • ldr
  • filing deadlines
  • disaster

LDR Severance/Excise Relief; Non-Resident Emergency Services Written Requests Hurricane Ida

September 01, 2021

LDR Tax Return Filing and Tax Payment Deadlines Extended for Certain Tax Returns and Payments Due During Hurricane Ida

  • advocacy
  • tax
  • ldr
  • filing deadlines
  • disaster

IRS: Tax relief now available to victims of Hurricane Ida; Oct. 15 deadline, other dates extended to Jan. 3

August 31, 2021

Victims of Hurricane Ida that began on August 26 now have until January 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

  • advocacy
  • tax
  • irs
  • disaster

SBA Stands Ready to Assist Louisiana Businesses and Residents Affected by Hurricane Ida

August 31, 2021

Low-interest federal disaster loans are now available to Louisiana businesses and residents as a result of President Biden’s major disaster declaration.

  • tax
  • irs
  • hurricane
  • disaster

Response Ready: A Message from Our CEO regarding Ida

August 30, 2021

We, like all Louisiana residents, are aware of the devastating impacts of Hurricane Ida and know too well that we have a long road to recovery ahead. While the safety of your family and staff is paramount, we also understand the potential impact on the filing deadlines. Our Advocacy Team is already hard at work on emergency declaration filing issues and will keep you updated if guidance is issued.

  • advocacy
  • filing deadlines
  • disaster

Grants available for charities, faith groups, and small businesses providing COVID relief

August 13, 2021

Starting Monday, Aug. 16, 2021, charities, faith-based organizations and small businesses can apply for grants to support COVID-19 response and relief efforts in Louisiana through the Louisiana Nonprofit and Small Business Assistance Program.

  • general
  • ldr
  • covid-19
  • small business assistance

LCPA Annual Awards Honor Outstanding Service

August 03, 2021

We recently honored 11 CPAs for their remarkable contributions to the CPA profession and the community. The awards were announced at the non-profit professional association’s Annual Meeting, July 18. Read more about our distinguished award recipients.

  • award