Vision Payroll

June 29, 2010

IRS To Help BP Oil Spill-Impacted Taxpayers

In IR-2010-078, the Internal Revenue Service (IRS) released guidance based on current law that explains how the government can help BP oil spill-impacted taxpayers.

“This is a very difficult time for many people affected by the oil spill in the Gulf of Mexico. As residents of the region cope with the evolving situation, I want to assure them that the IRS will be doing everything it can to provide tax help to those who need it,” IRS Commissioner Doug Shulman said. “We encourage anyone who has an issue with the IRS to contact us and explain their hardship, and we will work with them to find a solution. We’ll do everything we can under current law to help taxpayers.”

In the guidance, the IRS explains that generally payments received from BP for lost income should be treated “in the same way that the wages or business income these payments are replacing would have been.” There are new sections on the IRS website including Gulf Oil Spill Information Center and Gulf Oil Spill: Question and Answers. The IRS will also hold Gulf Coast Assistance Day on July 17. IRS employees will be available to meet with taxpayers and their representatives in Mobile, Alabama, Panama City, Florida, Pensacola, Florida, New Orleans, Louisiana, Houma, Louisiana, Baton Rouge, Louisiana, and Gulfport, Mississippi.

Further information will be available in the coming days and weeks so be sure to visit Vision Payroll for updated information.

October 31, 2009

Louisiana Unemployment Wage Base to Increase to $7,700

Filed under: News — Tags: , , , — Vision @ 8:00 pm

The Louisiana Workforce Commission has announced an increase in the taxable wage base for 2010. The wage base will increase from $7,000 for 2009 to $7,700 for 2010. Contact Vision Payroll if you have any questions on Louisiana unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

September 20, 2008

IRS Allows Taxpayers in Louisiana and Texas Affected by Hurricane Ike Additional Time to File and Pay Tax

The Internal Revenue Service announced recently that certain taxpayers in Louisiana and Texas will have until January 5, 2009 to file most returns and pay most taxes. Additionally, failure to deposit penalties for employment and excise deposits due on or after September 11 and before September 26, 2008, will be waived as long as the deposits are made on or before September 26, 2008. Louisiana taxpayers who reside in or have a business in the parishes of Acadia, Beauregard, Calcasieu, Cameron, Iberia, Jefferson, Jefferson Davis, Lafourche, Plaquemines, Sabine, St. Mary, Terrebonne, Vermilion, and Vernon and Texas taxpayers who reside in or have a business in the counties of Angelina, Austin, Brazoria, Chambers, Cherokee, Fort Bend, Galveston, Grimes, Hardin, Harris, Houston, Jasper, Jefferson, Liberty, Madison, Matagorda, Montgomery, Nacogdoches, Newton, Orange, Polk, Sabine, San Augustine, San Jacinto, Trinity, Tyler, Walker, Waller, and Washington will qualify for relief. Contact Vision Payroll if you have been affected by Hurricane Ike and need details on the postponements.

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