Tax Filings - Deadline Extended for Federal Income Taxes
LOUISIANA REALTORS • March 30, 2020
Louisiana Department of Revenue
The Louisiana Department of Revenue has delayed payment of state income taxes until July 15th. It has also delayed payment of certain sales taxes. The department has a new webpage that explains all extended deadlines. LDR will update the page with more information as it becomes available. You can access the webpage here: Louisiana Department of Revenue.
IRS Extends Deadline for Filing and Paying Federal Income Taxes
The deadline for filing federal tax returns will be postponed three months, to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties. At this time, the deadline to file state income taxes is still May 15th. Please check with your tax preparer to find out how this applies to you or your business.
In the aftermath of disaster, REALTORS® are thinking long-term: How do we help our neighbors rebuild not just their homes, but their lives?
As previewed last week, NAR is pleased to share the latest consumer guide focused on estate planning. This guide explains how estate planning can help homeowners protect their property and ensure it is passed on according to their wishes, covering tools like wills, trusts, and title planning. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Your Home and Estate Planning Mortgage Interest Tax Deduction Understanding & Protecting Yourself from Title Fraud Buying Land and Building a New Home Deeds and Titles Thank you for continuing to engage with the “Consumer Guide” series and for sharing the resources with prospective clients so that they have the information they need to find success in their homebuying or selling journey. Please remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover the differences between a buyer’s market and a seller’s market.
As previewed last week, NAR is pleased to share the latest consumer guide focused on mortgage interest tax deductions. This guide explains how the deduction works, when it may be useful, and how NAR is working to preserve the tax benefits of homeownership. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Mortgage Interest Tax Deduction Understanding & Protecting Yourself from Title Fraud Buying Land and Building a New Home Deeds and Titles Alternative Listing Options Thank you for continuing to engage with the “Consumer Guide” series and for sharing the resources with prospective clients so that they have the information they need to find success in their homebuying or selling journey. Please remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover estate planning.
