Archive for October, 2010

LDR News Release – Audit Protest Bureau petition is now available online

BATON ROUGE – Taxpayers who wish to protest proposed audit assessments from the Louisiana Department of Revenue (LDR) can do so with a fast, convenient, easy-to-use online petition form, the LDR Audit Protest Bureau announced Friday

“The online petition form makes it easy for taxpayers to submit protests and request status updates,” said APB director Monica Washington. 

The Audit Protest Bureau is an independent unit of the Department of Revenue that provides a forum for taxpayers and LDR to resolve tax audit assessments, preferably without resorting to litigation. 

The online petition form is available at www.revenue.louisiana.gov/auditprotest.

For more information, contact:

Audit Protest Bureau

Louisiana Department of Revenue

225.219.1641

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Report: ‘New Louisiana Department of Revenue unit will help taxpayers resolve disputes over audits’

Sunday’s Times-Picayune contained an excellent report about LDR’s Audit Protest Bureau:

The Louisiana Department of Revenue has established an independent unit that will work with taxpayers to resolve disputes over audits.

The Audit Protest Bureau was set up to give taxpayers who are in the early stages of disputing an audit an impartial means of resolution and an alternative to the court system. The bureau, which is managed by tax experts who are professionally trained in dispute resolution, reports directly to the secretary of Revenue.

“This is a more efficient way to do business,” Earl Millet Jr., deputy secretary of revenue, told a group of accountants meeting in Kenner this week. “This will save taxpayers from going to court.”

Click here to read the full story.

Visit revenue.louisiana.gov/auditprotest to learn more about the Audit Protest Bureau.

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LDR issues two new RIBs

The Louisiana Department of Revenue has recently issued two Revenue Information Bulletins (RIBs), one of which is related to corporation and individual income taxes, and a second which is related to sales taxes.

Revenue Information Bulletin No.  10-023 concerns the credit authorized by Act 520 of the 2009 regular session of the Legislature that, when the state receives funding from the U.S. Department of Energy, can be taken against individual and corporation income tax liabilities based on investment in “green job industries”.

Revenue Information Bulletin No. 10-025 concerns the sales tax exemption authorized by La. R.S. 47:305(D)(2) for sales of meals provided by certain institutions.

A RIB is issued under the authority of LAC 61:III.101.D. A RIB is an informal statement of information issued for the public and employees that is general in nature. A RIB does not have the force and effect of law and is not binding on the public or the Department.

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LDR issues three new RIBs

The Louisiana Department of Revenue has issued three new Revenue Information Bulletins concerning Louisiana tax credits and administrative matters.

Revenue Information Bulletin No. 10-019 concerns the meaning of the term “federal itemized deductions” for purposes of the credit against individual income taxes authorized by R.S. 47:293.

Revenue Information Bulletin No. 10-022 discusses an emergency rule adopted by the Louisiana Department of Economic Development (LED), effective October 1, 2010, authorizing that agency to collect a processing fee of up to $200 for the transfer of motion picture tax credits. The rule further provides that the transferee must pay the transfer fee before the credit can be claimed on a tax return.

Revenue Information Bulletin No. 10-024 discusses that, effective at the close of business on December 31, 2010, the Louisiana Department of Revenue will temporarily suspend its Private Letter Rulings (PLR) service.

This temporary suspension of the PLR service will not affect any PLR requests received before December 31, which the department will handle to completion. However, the department will temporarily be unable to handle any PLR requests that are received after that date. Taxpayers, who wish to obtain a PLR response, but who have not yet submitted a PLR request, must do so by December 31.

A Revenue Information Bulletin (RIB) is issued under the authority of LAC 61:III.101.D. A RIB is an informal statement of information issued for the public and employees that is general in nature. A RIB does not have the force and effect of law and is not binding on the public or the Department.

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LDR News Release: ‘LDR suspends Private Letter Ruling service’

BATON ROUGE – The Louisiana Department of Revenue will temporarily suspend the issuance of Private Letter Rulings (PLRs). The suspension takes effect on January 1, 2011. The last day to submit a PLR request is December 31, 2010.

“This suspension is taking place due to budget constraints,” Secretary of Revenue Cynthia Bridges said. “Reviews of our processes demonstrated the need to re-dedicate our resources to other critical taxpayer programs.”

This temporary suspension of the PLR service will not affect any PLR requests received on or before December 31, 2010.

For more information, please refer to Revenue Information Bulletin 10-024, or call the LDR Policy Services Division at 225-219-2780. 

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LDR Video: Audit Protest Bureau

The Audit Protest Bureau provides a forum for taxpayers and the Louisiana Department of Revenue (LDR) to resolve tax audit disputes without resorting to litigation.

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