The Senate Finance Committee recently approved its version of the Tax Cuts and Jobs Act. The bill is now on it’s way to the full Senate for debate and a vote. The Finance committee spent over a week amending the bill, and the final version includes some changes beyond those included in the chairman’s mark released early in November The …

Originally released early in November, the Tax Cuts and Jobs Act ( H.R. 1) has now passed the House Ways and Means Committee 24 to 16, and with that vote will be sent to the full House. The bill as marked up by the committee contains many of the changes from the first iteration. Reportedly, some of these changes were …

On November 2nd House Republicans released their long awaited tax plan. The framework extends to many different areas of the tax code: two critical areas are tax deductions and credits. These reduce how much taxpayers owe, but they affect various income groups differently. Here’s How could the proposed changes to these policies affect your taxes. How Exemptions Worked in the …

Big changes are coming to the tax code. While how exactly those changes will take form is still shaping up in Washington, you can take precautionary steps now to get your tax situation ready for the upcoming filing year. The first thing you should do is get all of your records from the previous few years out in front of …

The Republican push for a broad tax overhaul faces a big hurdle this week as senators must approve a budget bill which would clear the way for tax reform to pass the Senate with just GOP support. If at least 50 of the 52 Senate Republicans vote for the budget bill later this week, it will be an early victory …

Big changes are coming to our tax code. Yesterday, Wednesday September 27th, Republicans revealed their proposed changes which include changes to tax brackets, corporate tax rates, and pass-through business tax rates. According to Senate Majority Leader Mitch McConnell “This framework is focused on supporting American jobs, on making taxes fairer and on growing families’ paychecks.” Personal Tax Brackets The proposed …

The Louisiana Department of Revenue has released Revenue Information Bulletin No. 17-015 which grants filing extensions to taxpayers whose homes, principal places of business, or critical tax records are located in any of the disaster areas declared by the president as a result of Hurricane Harvey. Affected Parishes For Louisiana Declared disaster areas include the following parishes: Beauregard, Calcasieu, Cameron, …

The GOP is closing in on a massive legislative rewrite for taxes which is set to be revealed on September 25th. The Trump administration has thus far kept the details tightly under wraps, and everyone is wondering “Will these changes be tax reform, or tax cuts?”. After the big reveal, bipartisan talks will begin to negotiate the specifics and details …

Governor John Bel Edwards has asked Congress to ease a restriction on benefits that victims of floods would receive from the Federal Government to help with rebuilding their homes. In a letter, The Governor told congress that the restriction has caused problems for Louisiana as we have tried to recover from the widespread flooding in 2016. In the aftermath of …

The 2017 Louisiana Second Amendment Weekend Sales Tax Holiday will take place from Friday, September 1 through Sunday, September 3. Act 453 of the 2009 Regular Session of the Louisiana Legislature enacted the “Annual Louisiana Second Amendment Weekend Holiday Act” that provides an exemption from state and local sales and use taxes on individuals’ purchases of firearms, ammunition and hunting …