Louisiana Department of Revenue income tax auditors are increasingly proposing large assessments by misapplying a formula in a Department regulation (La. Admin. Code 61:I.1130(B); the “Regulation”). The Regulation is based on a statute designed to prevent deductions related to allocable and nontaxable income and contains a formula that purports to determine a percentage of a
income tax
Traps for the Unwary: Not All State Tax Deadlines Have Been Extended
By Jaye Calhoun, Kevin Curry, Angela Adolph, Mark Miller, Phyllis Sims, Robert Schmidt & William Kolarik on
Posted in COVID-19, State and Local Taxation
While the Louisiana Department of Revenue (the “Department”) has extended some filing and payment deadlines, it has not extended the April 15 and June 15 deadline for making 2020 first and second quarter individual and corporate estimated state income tax payments. Nor has the Department extended the April deadline for reporting and remitting March state…
IRS Extends Various Tax Deadlines to January 17, 2017 for Certain Parishes Affected by the August, 2016 Flood in Louisiana
By Kevin Curry on
Posted in Louisiana in General, South Louisiana Flooding
The Internal Revenue Service (IRS) has granted tax relief to postpone various tax filing and payment deadlines for certain filings or payments that were due on or after August 11, 2016. The relief postpones the filing deadlines or payment deadlines until January 17, 2017. Therefore, this extension will include the September 15th deadline for…