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re: CPA - Industry Role Offer
Posted on 5/27/15 at 9:46 am to Jabstep
Posted on 5/27/15 at 9:46 am to Jabstep
quote:
The ACA and the 3115 issues made this tax season terrible. It only gets worse next year.
Oh, your Louisiana friends are about to have a lot more fun. The idiots in Baton Rouge are seriously considering some bills that would put a haircut on certain deductions and credits. However, the bills as worded (there are like 5 or 6 with this identical language) say that the new rules are effective for any tax return FILED after June 30, 2015, regardless of tax year.
So, if you file a 2014 tax return on June 29, 2015, you file under the current rules. If you file a 2014 tax return on July 2, 2015, you file under the new rules - which means you get a haircut on deductions, so you pay more in state tax.
Same thing on an amended return - if you file a 2013 amended return on July 2, 2015, you get the same haircut.
It is absolutely insane, and probably illegal, but in order for the additional revenue to "count" towards the 2015-2016 budget it apparently has to be done that way.
2
Posted on 5/27/15 at 1:22 pm to LSUFanHouston
quote:It's already started
Oh, your Louisiana friends are about to have a lot more fun.
. Poor SOBS.Posted on 5/27/15 at 4:55 pm to LSUFanHouston
Our client base means most Of our returns are filed before the deadline. But you're right, some people are about to be pissed.
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