News & Advocacy Alerts: Advocacy Alerts

PPP, LDR, Remote Sellers, LTC, IRS Update

Wednesday, May 27, 2020  
Posted by: Ann Lupo

PPP, LDR, Remote Sellers, LTC, IRS Updates 

PPP Update

LCPA continues to monitor PPP loan forgiveness and to work with AICPA to keep you informed. Further changes are expected from Congress.

  • SBA PPP Loan Forgiveness Application – Keep this application handy to know what information to have available when applying for PPP loan forgiveness.
    View the application
  • AICPA PPP Loan Forgiveness Calculator (Excel) Updated May 27, 2020 – This calculator uses available guidance from the SBA and Treasury and along with interpretations of that guidance (see notes throughout) to estimate the amount of a PPP loan that may be eligible for forgiveness. When you click the link, please look for an Excel file calculator to download rather than opening in a new window.
    Download the calculator
  • Additional AICPA Resources – AICPA has a series of FAQs, calculators and other PPP resources for CPAs.
    Visit the resource page

Louisiana Department of Revenue (LDR)

  • RIB 20-012
    Additional Sales Tax Relief Provisions Related to COVID-19
     – The purpose of this guidance is to grant relief to sales tax filers for the March and April 2020 sales tax periods and to provide clarification on notices relative to the February 2020 sales tax period.
    View RIB 20-012
  • LDR Implements COVID-19 Safety Procedures as In-Office Customer Service Resumes – As part of the Phase One reopening of state government facilities, LDR will resume in-person customer service at its Baton Rouge headquarters and its regional satellite offices in Lafayette and New Orleans. 
    View the guidelines
  • R-3406 Request to Close Business Accounts
    REMINDER – If a business has been closed or sold, it must file a Request to Close Business Tax Accounts, Form R-3406, to notify LDR to close the tax accounts. If the business fails to file this request or to otherwise notify LDR, estimated assessments will continue to be issued. If a business has received estimated assessments for periods after the business closure, refer to Collections FAQ #19 
    View R-3406 Request to Close Business Accounts
    View the Collections FAQ #19

Louisiana Sales and Use Tax Commission for Remote Sellers

  • RSIB 20-002
    Effective Date for Remote Seller Registration and Collection of State and Local Sales and Use Tax at Actual Rates

    Remote sellers are required to register with the Commission effective July 1, 2020. This bulletin provides important related information. The bulletin also includes information for marketplace facilitators. 
    View RSIB 20-002
  • Prior Remote Seller Information Bulletins (RSIB) – The Commission has issued five RSIBs since inception. 
    View previous bulletins

Louisiana Tax Commission (LTC)

  • Statewide Advisory 05-2020 – Pursuant to La. R.S. 47:2324 and La. Admin. Code 61:V:307(A), personal property renditions must be filed by April 1 of each year; however, this deadline is suspended by EO JBE 2020-59 until at least June 5, 2020. 
    View Advisory 05-2020

Internal Revenue Service (IRS) 

The LCPA Advocacy Team recently participated on a call with IRS staff. The following status updates for tax professionals were provided during the call.

  • Automated phone lines – which handle most taxpayer calls – remain available during this period. Some tax compliance lines also remain available.
  • Practitioner Priority Service (PPS) phone line is open at 866.860.4259. Select #4 to be transferred to the Automated Collection System (ACS).
  • Practitioners with e-Services accounts and with client authorization can access the Transcript Delivery System to obtain prior-year transcripts. Taxpayers should use Where’s My Refund? and Get Transcript. However, the Get Transcript by Mail option should not be used since the offices that print and mail the transcripts are closed.
  • Taxpayer Advocate Service (TAS) remains open to receive phone calls at the local phone numbers but has suspended walk-in services in their offices. Their toll-free centralized number is unavailable until further notice. As information changes, updates for Taxpayers who have open cases with TAS will be posted at COVID-19 – TAS Customer Case Related Alerts.
  • Taxpayer Protection Program: If your client received correspondence (Letters 5071C, 5447C or 5747C) from the IRS, asking if they filed a suspicious tax return, taxpayers may use the online Identity Verification Service to validate their identity. If they received a Letter 4883C, they should follow its instructions. Please note phone assistance is limited and wait times are lengthy. (Updated May 11, 2020)
  • Taxpayer Assistance Centers (TAC) remain temporarily closed as are many Volunteer Income Tax Assistance (VITA) preparation sites until further notice.
  • The IRS is unable to process Centralized Authorization File (CAF) requests at this time.
  • Taxpayers who previously have been issued an Identity Protection PIN but lost it, must use the Get an IP PIN tool to retrieve their numbers. Taxpayers who have an IP PIN need to provide it when they file their return or if they are using the Non-Filer tool to enter their Economic Impact Payment information. (Updated May 18, 2020)
  • Starting June 1, the IRS anticipates phasing more people back into its campuses and offices to do work that cannot be performed remotely. 

    Questions about the content of this Alert should be directed to LCPA State Government Relations Director Linda Babin.