Archive for March, 2013

State income tax filing extensions must be submitted electronically

Department of Revenue does not accept paper extension requests

BATON ROUGE –Taxpayers who require more time to file their 2012 Louisiana individual income or Corporation Income and Franchise Tax returns must submit their extension requests electronically. Paper requests are not accepted.

The Louisiana Department of Revenue (LDR) implemented the electronic extension mandate for income tax returns beginning with returns due in 2013.  Filing extension requests must be submitted no later than the tax filing deadline.

2012 Louisiana Corporation Income and Franchise Tax Returns are due April 15, 2013.

2012 Louisiana Individual Income Tax Returns are due May 15, 2013.

Some commercially-available tax preparation software programs still provide copies of an outdated printable Louisiana extension request form. These forms are not valid and will not be processed. Failure to file returns on time, or to submit an extension request by the filing deadline, will incur late-filing penalties.

Individual and business taxpayers may submit an extension request by one of the following methods:

A filing extension grants only additional time to file a return.  It does not grant an extension of time to pay taxes due. Late payments are subject to penalties and interest.

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Louisiana MyRefund Card – Your money, your choice

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LDR’s Tim Barfield: PAR analysis of tax reform based on flawed assumptions

BATON ROUGE – PAR’s assumptions are erroneous. I have met with the members of PAR and shared with them the core data of this plan. PAR’s analysis does not take into account all the data used by the Louisiana Department of Revenue. We have always maintained that we used 2011 Fiscal Year data as a starting point for our analysis, but we have not stopped there. A standard approach to estimate the future is to begin with the best data as of today. This we have done, but only as the starting point. The Legislative Fiscal Office and other economic experts agree with our methodology. Our revenue projections will extend to FY 2014-2015 and will be revenue neutral. Again, we have shared our data and methodology with PAR on multiple occasions, and we will continue to do so throughout this process.

Tim Barfield
Executive Counsel
Louisiana Department of Revenue

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Check state income tax refund status online with “Where’s My Refund?”

BATON ROUGE – Louisiana taxpayers can go online to check the status of their state income tax refunds. 

Visit the “Where’s My Refund?” page at www.revenue.louisiana.gov/refund and enter four pieces of information:

  • Social Security Number
  • Tax Year
  • Filing Status
  • Anticipated Refund Amount

Taxpayers who file paper returns should allow 12-16 weeks before checking the status of their refunds.

Information on electronic returns is available in an average of ten business days.

Taxpayers can also call the “Where’s My Refund?” automated phone line at 888-829-3071.

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State income tax form offers paper-check option for refunds

BATON ROUGE – Louisiana taxpayers can choose a paper check for their state income tax refunds beginning with returns filed for the 2012 tax year. The paper state individual income tax return (Form IT-540) includes the option on line 36 of the form.Taxpayers who do not make a selection on the paper form will receive their refunds on a pre-loaded debit card.Taxpayers filing their tax returns electronically can choose a paper check, the debit card, or direct deposit.

The Department of Revenue encourages electronic filing for all income tax returns.  It is the most error-free method of tax filing and provides the fastest processing time for refunds.

Visit www.revenue.louisiana.gov/fileonline to use Louisiana File Online, the state’s free tax-filing web application.

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