All across Louisiana accountants, bookkeepers, financial professionals, and shysters are getting ready for their annual dance with “the devil” that is the Internal Revenue Service. For residents of Louisiana cities large and small, the promise of a refund from Dear Old Uncle Sam is reason enough to spend a few hours gathering W-2s, W-9s, Social Security Cards, and receipts so taxes can be filed and refunds returned.
Tax professionals in Lafayette, New Iberia, Baton Rouge, New Orleans, and other cities and towns will tell you that if you plan your finances wisely you won’t owe taxes at the end of the year nor will you be getting an extraordinarily large refund. You did know there was a downside to getting a large refund, right?
Now if you are expecting a tax refund from the IRS you should know some folks in Louisiana will not be getting that money even if their tax preparer says they are owed one. There are several reasons why that refund could be delayed, reduced, or even canceled.
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