Greetings to Clients and Friends! The income tax filing season is approaching once again. My yearly newsletter provides you with a summary of key changes to the tax code for 2025 and offers ideas to help you reduce your taxes.
My days and hours will be shared between the Houma and Metairie Office. Please call me to set up an appointment.
Houma Office Moved!!!!!!
I am pleased to announce that our Houma Office has Relocated up the street to the right at the Duet Street Light (6548 W Main St.) across from Bayou Cane Seafood.
Kevin’s Tentative Schedule:
I am reachable at any location if you call 985-876-3799 or 504-885-3799. I plan to work at the Houma Office 1-2 times per week. Please call for availability. Sundays will be limited.
Gwen Lacoste’s Tentative Schedule
Gwen LaCoste, my Senior Staff Accountant, will be available at the Houma Office M-F 9-5 and Sat. 10-2 by Appointment. 985-746-5370
REFUND LOANS AVAIALBE
Refund Anticipation Loans will be offered by Refund Advantage varying from $500 to $5,000 based on Credit Score and Tax Return Data.
***2025 REFUND DELAYS***
The IRS normally begins receiving returns the 3rd week in Jan. If your 2024 tax return has any Earned Income Tax Credit (EITC) or Additional Child Tax Credit, expect your return to be delayed until after Feb.15th due to PATH ACT law.
VIRTUAL CURRENCY
More stringent reporting of cryptocurrency transactions to IRS by brokers & dealers. Please be aware you may receive a 1099-B for your transactions which may not get issued until around Feb. 15.
DIGITAL PAYMENTS (Venmo, etc)
If you received more than $5,000 from digital apps like Venmo, CashApp, Etsy, PayPal, etc., you will most likely receive a 1099-K by Jan. 31 OR it will be in your APP to print.
LLC? Did you File Your BOI?
If you have an LLC, S-Corp, or C-Corp., you have until Dec. 31, 2024 to file your initial BOI Report. Failure to do will result in a $500 per day penalty. This is mandatory for all businesses registered through the Secretary of State. This is new for 2024!
Call us if you need to file your FinCEN Beneficial Ownership Info. Report (BOI).