Will I Owe Louisiana State Inheritance Taxes?

The answer to whether you will owe estate taxes in a Louisiana succession, is probably no.

Under Louisiana law, there are no inheritance taxes for estates of persons that died after June 20, 2004.

There are also no inheritance taxes for estates of persons that died on or before June 20, 2004 as long as an inheritance tax return was not filed before July 1, 2008.

It is unclear whether estates of persons that died on or before June 20, 2004, which filed an inheritance tax return before July 1, 2008 will owe estate taxes.

If you have any questions on successions, contact an experienced estate attorney. Kent S. DeJean

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BEWARE OF FAKE IRS AGENTS!!

There has been a large number of people receiving telephone calls from persons claiming to be IRS agents, who are requesting payment of taxes. Beware of this activity. It is a scam. IRS agents will not contact you by telephone. If you owe money, IRS will demand payment by mail. Here is an article that shows the extent of this fraudulent activity.

http://finance.yahoo.com/news/fake-irs-agents-target-more-141904694.html?soc_src=mail&soc_trk=ma

If you have any tax problems, please consult an experienced tax attorney. Losavio & DeJean

Tax preparer sentenced to prison for fraud

BATON ROUGE – A Slidell tax preparer who pled guilty to defrauding his clients and the State of Louisiana will spend three-and-a-half years in prison.

 

John Labee (Booking Photo) admitted to 6 felony counts of issuing worthless checks to the Louisiana Department of Revenue (LDR). East Baton Rouge Parish District Judge Bonnie Jackson sentenced him on Tuesday, September 23, to 46 months in prison at hard labor, five years of post-release supervised probation, and ordered him to pay restitution to LDR in the amount of $50,000. Failure to pay restitution will result in Labee serving an additional 14 months behind bars.

 

Labee was arrested in September 2011 on charges that included filing more than 500 fraudulent state individual income tax returns on behalf of clients of Innovative Professional Financial Services, a tax preparation business he operated in Slidell. The returns contained fabricated income tax withholding statements, overstated withholdings, and incorrectly reported tax deductions. In addition, Labee was charged with submitting worthless checks to the Department of Revenue for the payment of his clients’ tax debts.

 

A joint anti-fraud initiative between the Department of Revenue and the state Attorney General’s Office targets a wide range of felonies including but not limited to computer fraud, mail fraud, filing or maintaining false public records and issuing worthless checks.

 

IRS Updates Phone Scams Warning

The IRS is again warning the public about phone scams that continue to claim victims all across the country. In these scams, thieves make unsolicited phone calls to their intended victims. Callers fraudulently claim to be from the IRS and demand immediate payment of taxes by a prepaid debit card or wire transfer. The callers are often hostile and abusive.
The Treasury Inspector General for Tax Administration has received 90,000 complaints about these scams. TIGTA estimates that thieves have stolen an estimated $5 million from about 1,100 victims. To avoid becoming a victim of these scams, you should know:
• The IRS will first contact you by mail if you owe taxes, not by phone.
• The IRS never asks for credit, debit or prepaid card information over the phone.
• The IRS never insists that you use a specific payment method to pay your tax.
• The IRS never requests immediate payment over the telephone.
• The IRS will always treat you professionally and courteously.
Scammers may tell would-be victims that they owe money and that they must pay what they owe immediately. They may also tell them that they are entitled to a large refund. Other characteristics of these scams include:
• Scammers use fake names and IRS badge numbers to identify themselves.
• Scammers may know the last four digits of your Social Security number.
• Scammers spoof caller ID to make the phone number appear as if the IRS is calling.
• Scammers may send bogus IRS emails to victims to support their bogus calls.
• Victims hear background noise of other calls to mimic a call site.
• After threatening victims with jail time or driver’s license revocation, scammers hang up. Others soon call back pretending to be from the local police or DMV, and caller ID again supports their claim.
If you get a phone call from someone claiming to be from the IRS, here’s what you should do:
• If you know you owe taxes or you think you might owe taxes, call the IRS at 800-829-1040. IRS employees can help you with a payment issue if you owe taxes.
• If you know you don’t owe taxes or don’t think that you owe any taxes, then call and report the incident to TIGTA at 800-366-4484.
• If scammers have tried this scam on you, you should also contact the Federal Trade Commission and use their “FTC Complaint Assistant” at FTC.gov. Please add “IRS Telephone Scam” to the comments of your complaint.
The IRS encourages you to be vigilant against phone and email scams that use the IRS as a lure. Visit the genuine IRS website, IRS.gov, to learn how to report tax fraud and for more information on what you can do to avoid becoming a victim.