CPA's, EA's, Tax Preparers - Denied LA Solar Credit

Yup. Tell your clients to call their state rep and state senator and raise holy hell. The legislature voted for this stupid cap system, instead of doing the rational thing and just cutting them off for all panels purchased after a certain date.

I've been told they are truly doing it in first-in order. No way to know if this is true.

I think the only way you can win an appeal is if somehow you could prove that the order of approvals got messed up.

It's a terrible law, but it is a law, not a regulation.

I think the better approaches are 1) trying to get the law thrown out, which I'm not sure would actually win, or 2) try to get the state legislature / JBE to retroactively pay for these credits, which I thought would not happen until the 2017 special session... but it's not impossible given the flooding that we could see a third special for 2016 sometime this fall, and maybe that could be addressed there.

The LDR is being a good soldier for the state of Louisiana, and following orders that it knows are going to be ruled invalid. They are doing what is necessary to manage cash flows for purposes of having a balanced budget. The courts will eventually determine that all who acted in good faith and qualified for the solar credit when they purchased the equipment are entitled to the credit. There is no financial benefit for your clients to pursue the matter before the courts act, and there it may be detrimental to you as a professional if you alienate one, or more, LDR employee.

Explain the situation to your clients, and tell them that any fees they pay to pursue the matter will not accelerate recovery of the tax credit. Use the alternative fuel credit as a historic reference that they will get paid when the courts invalidate the ex post facto law and violation of equal protection.

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Poodlebrain

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Glad you are back in the land of the posters. Was starting to worry if all the LDR and IRS overregulation and inability to handle basic requests had caused you to take on the life of a hermit.

WWLTV did a segment on the Solar Credit over the summer. It went through the process of what is now taking place. Their website might have a link to the story.

We e-filed ours 2 years ago and was told it would have to be paper filed. Then, the return went into a review status that took months to be reviewed. I want to say we got our refund check somewhere in October.