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Started By
Message
re: CPA's, EA's, Tax Preparers - Denied LA Solar Credit
Posted on 8/29/16 at 8:21 am to GeauxBlonde
Posted on 8/29/16 at 8:21 am to GeauxBlonde
quote:
We filed feb 21.
quote:
were approved under the 2016 cap
This basically proves my assumption that the LDR had no system in place to properly account for the order in which returns were filed. A return filed on Jan 20 is deemed to have been filed after the funds have run out, yet a Feb 21 filed return was timely filed.
1
Posted on 8/29/16 at 10:59 am to SippyCup
I never filed a return claiming the solar credit for less than the full $12,500 available from Louisiana. Assuming that is the case for all those seeking the credit, and the fact that the total credits were capped at $10 million for 2015, only 800 taxpayers will receive the credits they claim. The same cap applies to 2016, and the cap gets reduced to $5 million for 2017-2018.
That is one hell of an incentive to cover only 2,400 homes throughout the entire state over a 4 year period. It's not an incentive to the taxpayers it is a subsidy to the installers.
That is one hell of an incentive to cover only 2,400 homes throughout the entire state over a 4 year period. It's not an incentive to the taxpayers it is a subsidy to the installers.
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