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Governor Edwards Declares Louisiana CPA Week; CPAs Visit Classrooms to Promote Accounting Careers

November 07, 2022

LCPA is pleased to announce that Governor John Bel Edwards has commended and recognized the week of November 7- 11, 2022, as “Louisiana CPA Week.”

  • advocacy
  • accounting
  • service

LDR Act 54; Nov 8 CA’s on ballot; IRS PPS; ERC Claims; Local OLT

October 26, 2022

A quick review of emerging issues from your LCPA Advocacy Team.

  • advocacy
  • ldr
  • irs
  • tax credit
  • accounting
  • fraud

Oct 31 Deadline to apply for La. Loggers Relief Grant Program

October 19, 2022

Loggers relief grant funds are still available. The program calls for one-time grants to be distributed on a first-come, first-served basis. All those in the timber harvesting and timber hauling industries who suffered an economic loss due to the pandemic and were not previously awarded a grant under the Louisiana Loggers Relief program are encouraged to apply as soon as possible.

LDR RIBs Student Loan Forgiveness and Military Pay Exclusion

September 15, 2022

Get the latest from LDR on these two relevant issues.

  • legislation
  • tax
  • ldr
  • tax credit

LCPA Announces 2022 Service Award Recipients

August 29, 2022

LCPA recently honored eight members for their remarkable contributions to the CPA profession and the communities they serve. Read about these outstanding individuals and their service that makes us proud!

  • award
  • accounting
  • service

LCPA Proudly Announces Its 2022-23 Board of Directors

August 18, 2022

LCPA held its Annual Meeting and Election of Officers on August 17 at The Ritz-Carlton New Orleans. See who is representing our non-profit professional association.

Announcement of 2022-23 Slate of Board Nominees and Annual Meeting

July 17, 2022

Join us for a luncheon at The Ritz-Carlton, New Orleans, as we elect the 2022-23 LCPA Board of Directors. We also will recognize our 2022 annual award honorees. This luncheon is free for members in good standing.

  • award

LDR RIB on New State Sales Tax Exemption for July 1

June 24, 2022

LDR has issued a new Policy Statement on LA R.S. 47:305.75 which provides a state sales and use tax exemption for the sale or purchase of feminine hygiene products and diapers for individual use.

  • tax
  • ldr

LDR Filing Fiduciary Wolters Kluwer Customers

June 09, 2022

Due to delays in submitting fiduciary returns electronically to the Louisiana Department of Revenue (LDR) experienced by Wolters Kluwer customers, LDR will accept a paper filed 2021 Form IT-541 provided that a 2-D barcode is present on the return when prepared using Wolters Kluwer software packages.

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.

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

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.

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

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