News & Advocacy Alerts: Tax Alerts – Federal

IRS disaster relief & LDR software vendor updates

Monday, March 14, 2016   (0 Comments)
Posted by: Ann Lupo

National News

IRS Issues Tax Relief for Victims of Severe Storms and Flooding in Louisiana

Victims of the severe storms and flooding that took place beginning on March 8, 2016 in parts of Louisiana may qualify for tax relief from the Internal Revenue Service.

The President has declared that a major disaster exists in the State of Louisiana. Following the recent disaster declaration for individual assistance issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers in Louisiana will receive tax relief.

Individuals who reside or have a business in Bossier, Claiborne, Grant, Morehouse, Ouachita, Richland, and Webster Parishes may qualify for tax relief.

The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area.

If an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date that falls within the postponement period, the taxpayer should call the telephone number on the notice to have the IRS abate the penalty.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 866-562-5227 to request this tax relief.

Refer to the IRS website for specific deadline postponements and grant of relief details.

LCPA strongly recommends checking the IRS website frequently to see if additional parishes are added for tax relief.

State News

LDR Approves More Software Vendors

The Individual, Corporation and Franchise Tax substitute paper forms approved software vendor lists have been posted on the LDR website.

Below are the software vendors that are approved as of 03/11/2016 for electronic filing of theCIFT-620:

  • TaxWise
  • Ultra-Tax
  • Intuit ProSeries
  • H & R Block
  • Petz
  • Intuit LaCerte (approved as of 3/4/2016)
  • Tax ACT Preparer (approved as of 3/4/2016)
  • Tax ACT Consumer (approved as of 3/4/2016)
  • CCH/ATX Forms (approved as of 3/4/2016)
  • Drake (approved as of 3/7/2016)
  • Intuit Proline(approved as of 3/10/2016)
  • Taxslayer (approved as of 3/10/2016)

These vendors are approved to file Corporation Income Tax extensions.

  • Corptax
  • Vertex
  • Thomson Reuters
  • Tax Technologies
  • Ultra-Tax
  • TaxSlayer
  • TaxWise
  • Petz
  • CCH
  • ProSeries
  • Intuit LaCerte
  • ITO Proline
  • TaxACT
  • TaxACT Preparer

Questions about the content of this Alert should be directed to Linda Babin.