Archive for February, 2010

RIB 10-006: Withholding Income Tax under the Military Spouses Residency Relief Act

A military spouse whose wages are exempt from Louisiana income tax under the Act may claim an exemption from Louisiana withholding tax by filing Form L-4E “Exemption from Withholding Louisiana Income Tax” with their employer. Form L-4E expires at the end of the year. Therefore, a military spouse must file a Form L-4E each year if the spouse qualifies for the exemption.

Click here to read the full text of Revenue Information Bulletin 10-006.

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RIB 10-009: Transfer of Tax Credits Certified by Other State Agencies

Title 47 of the Louisiana Revised Statutes authorizes several tax credits which must be certified by a state agency other than the Department of Revenue. This type of credit includes, but is not limited to, the motion picture credit and the digital interactive media credit which are certified by the Louisiana Department of Economic Development and the historic rehabilitation credits which are certified by the Division of Historic Preservation within the Louisiana Department of Culture, Recreation and Tourism. In all of these credits, the Department of Revenue requires a copy of the certification of expenses by the agency in order to allow a taxpayer to claim the credits on a tax return.

Click here to read the full text of RIB 10-009.

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RIB 10-007: Affidavits of Small Succession

Affidavits of small succession are no longer required to be filed with the Louisiana Department of Revenue (LDR). Act 81 of the 2009 Regular Session of the Louisiana Legislature amended Louisiana Code of Civil Procedure (La. CCP) Article. 3432 and repealed Article. 3433 to no longer require an affidavit of small succession to be submitted to LDR. Act 81 further amended La. CCP Article 3421 to change the definition of small succession. Beginning January 1, 2010, “small succession” is defined as the succession of a person who dies owning an interest in property located in Louisiana which has a gross value of $75,000 or less.

 Click here to read the full text of Revenue Information Bulletin 10-007.

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RIB 10-005: Military Spouses Residency Relief Act

The Louisiana Department of Revenue (LDR) has issued Revenue Information Bulletin 10-005, which discusses the Military Spouses Residency Relief Act.  The Act amends the Servicemembers Civil Relief Act.  It was signed into law on November 11, 2009.  The Act is effective for tax years beginning 2009 and is not retroactive.

 The Act, among other things, prohibits a servicemember’s spouse from losing or acquiring a residence or domicile for purposes of income taxation because of being absent or present in any tax jurisdiction of the United States solely to be with the servicemember in compliance with the servicemember’s military orders. The Act applies to spouses of servicemembers serving in most branches of the military, including the Coast Guard. However, it does not apply to spouses of the National Guard because members of the National Guard live and serve in their state of domicile.

Click here to read the full text of RIB 10-005.

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IRS tax assistance available in Louisiana Saturday, Feb. 20

Internal Revenue Service offices will be open for special taxpayer assistance on Saturday, February 20, in Baton Rouge, Shreveport and New Orleans.  IRS tax officers will be available to answer questions on a variety of topics, including tax deductions and credits that can put more money into people’s hands this year.

“There are many tax credits and deductions that may help individuals struggling in tough economic times to save money on their taxes this year,” said Dee Harris Stepter, IRS spokesperson for Louisiana.  “For example, this year many people will qualify for Earned Income Tax Credit (EITC)for the first time because their incomes declined, their marital status changed or because of credit expansions to help people as part of the American Recovery and Reinvestment Act of 2009.  Under the act, taxpayers with three or more children get an extra boost with a larger credit this year.”

Locations:

  • Shreveport – 3007 Knight Street
  • New Orleans – 1555 Poydras Street
  • Baton Rouge- 2600 Citiplace Centre

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New Orleans-area education tax deduction meeting postponed

Tonight’s New Orleans-area meeting to discuss the Louisiana School Tuition & Expense Tax Deduction is cancelled due to the parade to honor the World Champion New Orleans Saints.  The meeting had been scheduled for 6:00 p.m. at the St. Charles Parish Public Library in Luling.

The meeting will be rescheduled for a date to be determined.

Visit the LDR website for more information about the Louisiana School Tuition & Expense Tax Deduction.

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‘Governor Jindal Proclaims This Week “Saints Week” in Louisiana’

Governor Jindal Proclaims This Week “Saints Week” in Louisiana

 BATON ROUGE – Today, Governor Bobby Jindal proclaimed the week of February 8, 2010 as “Saints Week” to commemorate the first Super Bowl win ever for the New Orleans Saints.

 Proclamation on Saints Week:

 WHEREAS, the New Orleans Saints defeated the Indianapolis Colts 31-17 to win their first ever Super Bowl in 43 years; and

 WHEREAS, Tracy Porter’s game-clinching interception and Thomas Morstead’s game-changing onside kick will forever be ingrained in the memories of the Who Dat Nation; and

 WHEREAS, the gutsy calls of Sean Payton and the skilled arm of Drew Brees has led the Saints through an unforgettable season; and

 WHEREAS, the Saints played for more than just themselves, they played for a city and a state that has looked to the team for hope through difficult times; and

 WHEREAS, the Saints have committed themselves to excellence on and off the field; and

 WHEREAS, the Saints were always resilient much like the people of Louisiana persevered through four storms in three years; and

 WHEREAS, the support of the Who Dat Nation has never waivered in good times or bad.

 NOW THEREFORE, I proclaim this week, the week of February 8, 2010 as “Saints Week” in the State of Louisiana to commemorate the first Super Bowl win ever for the New Orleans Saints.

 

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Meetings on February 9 to explain Louisiana School Tuition & Expense Tax Deduction

BATON ROUGE - The Louisiana Department of Revenue will host a series of meetings across the state to provide information and answer questions about the series of tax deductions known as the Louisiana School Tuition & Expense Tax Deduction. 

The Louisiana School Tuition & Expense Tax Deduction applies to education expenses required by schools that were paid during 2009.  Eligible expenses include private and parochial school tuition, uniforms, home-schooling supplies, and education supplies required by the school.  To claim the deduction, it is not necessary to be the student’s parent, but you must be able to claim the student as a dependent on your Louisiana Resident Individual Income Tax Return.

The meetings will take place on Tuesday, February 9, at 6:00 p.m. at the following locations:

Alexandria Area
City of Pineville Community Center
708 Main Street, Pineville
 
Baton Rouge Area
8585 Archives Avenue, Baton Rouge
 
Lafayette Area
Lafayette Public Library, South Branch
6101 Johnston Street, Lafayette
 
Lake Charles Area
Capital One Tower, 12th Floor
1 Lakeshore Drive, Lake Charles
 
Monroe Area
Ouachita Public Library, Main Branch
1800 Stubbs Avenue, Monroe
 
New Orleans Area
St. Charles Public Library, Westbank Branch
105 Lakewood Drive, Luling
 
Shreveport Area
1525 Fairfield Avenue, Room 205, Shreveport

 For more information, visit the Louisiana School Tuition & Expense Tax Deduction page at revenue.louisiana.gov.

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