News

On July 13th, Governor John Bel Edwards signed Act 12 of the 2020 First Extraordinary Session of the Louisiana Legislature, which provides for a one-time hazard pay rebate of $250 to essential Louisiana workers. The Department of Revenue will start accepting applications on Wednesday, July 15th through October 31, 2020. However, applicants are not guaranteed a payment because it is first come first serve.

In March of 2020, the IRS sent most of its employees home to work remotely due to the Coronavirus pandemic. This has caused a string of challenges for this upcoming tax deadline. Even though the IRS continued to process electronic returns and issue tax refunds through direct deposits while operating remotely, paper correspondence came to an abrupt halt. This has created a tremendous overflow of paper documents – both in the form of incoming mail and mail to be sent to Taxpayers.

Heads up! The Internal Revenue Service has announced that the due dates on “balance due” notices recently and currently being received by Taxpayers are now extended. The Covid-19 pandemic forced IRS offices to close abruptly, causing IRS Staff to be unable to send out preprinted letters to Taxpayers timely. Upon realizing that many Taxpayers are now receiving notices with due dates that have already passed, the IRS has announced this extension.

Welcome back to the Bryson Blog! Today, we have an update for you on just when you can expect to be able to electronically file AMENDED tax returns with the IRS!

Are you still waiting for your $1200 stimulus check to be deposited in your account? If so, there is probably a reason why it has been delayed. The simplest explanation is that your check may be coming in the mail. This would happen if the IRS had already begun to process your paper check when you submitted your direct deposit information, or if you failed to submit any direct deposit information.

Recently, the U.S. 5th Circuit Court of Appeals ruled that the individual mandate requirement of the Affordable Care Act is unconstitutional. It also ruled that the Individual Shared Responsibility Payment imposed on taxpayers who did not meet the requirement is also unconstitutional.

The Bryson Companies have been closely monitoring the COVID-19 pandemic in an effort to ensure we make responsible decisions for our employees, clients, and community.

Every lawyer knows that he must file a tax return every year. And, if you’re a Harvard law professor you oughta’ understand your filing requirements even more. Right?

With 2020’s tax season less than two months away, tax identity thieves will be trolling the internet for your personal data more than ever. The Federal Trade Commission reported tax fraud as the second most common form of identity theft to date. Just last year alone over $46 million dollars were claimed in fraudulent tax refunds according to the IRS.

Cary B. Bryson, Co-Founder of Bryson Law Firm LLC, was selected to be featured in The Wall Street Journal to showcase his coveted status as a Masters of Success.