News & Alerts

Louisiana Revised Statute 47:305.62 provides a state and local sales and use tax exemption on any consumer purchase of firearms, ammunition, and hunting supplies - read about qualifying purchases.

On July 19, 2024, network connectivity issues impacted the Louisiana Department of Revenue’s (the “Department”) website. At this time, the Department is granting filing and payment extensions for tax returns and payments due on July 20, 2024. View the extension date and which payments and returns the extension applies too.

The LCPA Nominating Committee selected the 2024-25 slate of candidates to be voted upon at the Annual Meeting, August 14. Take a look at those who have been nominated for our association's key leadership positions.

The U.S. Department of the Treasury and the Financial Crimes Enforcement Network are urged to exercise caution regarding the failure to provide a reasonable timeframe for small businesses, both new and existing entities, to comply with BOI.

Get the latest on LDR RIB 24-008, other new LDR policy statements, and news on CNA's decision to cover BOI work

On January 24, the Louisiana Workforce Commission provided a tutorial for LCPA members on how to use the new features of the LAWATS site. LCPA members can now access a recording of that presentation. (Login required.)

New regulations include Net Capital Gain Deduction, Refundable Tax Credit for Infant Adoption, and Corporate Income and Franchise Tax Return Filing Extensions.

Get the latest on FinCEN’s BOI Information Registry and compliance resources. Also, LDR’s Emergency Rule on net capital gains deduction, effective Jan 1, 2024.

Louisiana Workforce Commission’s Wage and Tax System (LAWATS) has a new look. LAWATS will implement two-factor authentication as an additional way to protect personal information, using an email verification process.

Express your concerns with FinCEN beneficial ownership reporting requirements. Call your two US Senators and urge them to pass H.R. 5119 as passed by the US House of Representatives before the end of the year.

LDR has added guidance regarding possible penalty relief if a taxpayer’s critical tax records are not within the declared disaster area. Get all the details.

LDR granted automatic filing extensions to taxpayers whose primary residences, principal places of business, critical tax records, or paid tax preparers are located in parishes within the federal disaster declaration as a result of seawater intrusion.

Taxpayers affected by seawater intrusion in parts of Louisiana that began Sept. 20, 2023, now have until Feb. 15, 2024, to file various individual and business tax returns and make tax payments. Read which parishes qualify.

The fiscal 2024 Lapsed Appropriations Contingency Plan will go into effect when the IRS is notified that government appropriations have lapsed and that a shutdown is to be initiated. Read the full AICPA Journal of Accountancy article about the IRS plan including a short summary on which operations will continue, which will stop. 

Read AICPA's letter to the Department of the Treasury, the IRS and Congressional leadership requesting the release of the IRS contingency plan that would go into effect in the event of a government shutdown on October 1, 2023.

Be prepared to vote on Oct 14 and Nov 18. Public Affairs Research Council of Louisiana released its nonpartisan educational guide. Plus, the Remote Sellers Commission recently issued guidance on collection and remittance requirements for LA merchants.

A moratorium on processing of new claims through year’s end will allow the IRS to add more safeguards to prevent future abuse and protect businesses from predatory tactics. The IRS is working with the Justice Department to pursue fraud fueled by aggressive marketing.

We urge LCPA members to contact their Representatives and Senators in Congress by Sept. 15, either through email or phone calls, asking them to cosponsor H.R. 4035 and S. 2623. See tips on contacting your Member of Congress.

The 2023 Annual Louisiana Second Amendment Weekend Sales Tax Holiday begins on Friday, September 1, at 12:01 a.m. and ends at midnight on Sunday, September 3, 2023.

Get the latest on Louisiana tax credits and disaster recovery assistance.