News

If you have unfiled tax returns do not hang your head in shame! You are not alone.

Cary and Angie Bryson of Bryson Law Firm, L.L.C. were asked by New Orleans attorney, Doug Sunseri, to be guest co-hosts of his WWL radio show "All Things Legal" last Sunday morning. The show plays each Sunday morning from 8:00 to 10:00 a.m.

WASHINGTON — President Obama this week will seek to force American businesses to pay more overtime to millions of workers, the latest move by his administration to confront corporations that have had soaring profits even as wages have stagnated.

On Thursday, the president will direct the Labor Department to revamp its regulations to require overtime pay for several million additional fast-food managers, loan officers, computer technicians and others whom many businesses currently classify as "executive or professional" employees to avoid paying them overtime, according to White House officials briefed on the announcement.

Do you want your piece of the great outdoors? How does cattle farming sound to you? And, what if the investment could also guarantee you enough income to retire?

Does this sound too good to be true? Well, it is!!! Just ask the HOYT CATTLE PARTNERSHIP INVESTORS WHO RECEIVED GIANT TAX BILLS FROM THE IRS FOR INVESTMENTS THEY MADE 30 YEARS AGO!!!

By: Angela S. Bryson

You may remember hearing about the "LA Tax Amnesty 2013: A Fresh Start." The Louisiana Department of Revenue (LDR) offered this program in 2013 to give Louisiana residents an opportunity to bring their past due tax liabilities up-to-date by paying all taxes due, with waiver of all penalties and 50% of the interest. The 2013 program received more than over 52,000 applications with payments totaling over $435 million.

By: Angie Bryson

I get asked all the time whether Social Security benefits are taxable. The short answer is "it depends." (How's that for a straight answer?)

By: Cary Bryson

People ask me all of the time – "Is it really possible to settle with the IRS for pennies on the dollar and have the rest of my tax bill forgiven?"

Here's my best answer – "Yes, it is possible . . . but it's not easy and the odds are not in your favor."

We are grateful this morning for our Bryson Team. For the past several weeks we have been getting calls and letters from our clients thanking us for the work we do for them. I have to say as a practicing attorney for over 20 years this is the MOST rewarding part about what we do here.

There have been lots of folks pretending to be the IRS lately. If you have an IRS tax lien or IRS bank levies or IRS wage levies you could be a victim.

We are now in full swing with tax season! Issues with W-2s and 1099s come up all of the time. Here's what the IRS says to do if you are missing a W-2 (See IRS Tax Tip 2014-17):