Form 8829 - Expenses for Business Use of Your Home

Purpose of Form-Use Form 8829 to figure the allowable expenses for business use of your home on Schedule C (Form 1040) and any carryover amounts not deductible last year. You must meet specific requirements to deduct expenses for the business use of your home. Even if you meet these requirements, your deductible expenses may be limited. Part IV is used to figure any allowable carryover of [...]

Schedule SE - Self-Employment Tax

You must file Schedule SE (self-employment income) if: Your net earnings from self-employment from other than church employee income were $400 or more, or You had church employee income of $108.28 or more. You must pay SE tax if you had net earnings of $400 or more as a self-employed person. If you are in business (farm or non-farm) for yourself, you are self-employed. You must [...]

Louisiana Interest and Penalties

In general, you will be charged interest and penalties if you do not pay all amounts due on or before the due date. 1. A 2021 calendar year return is due on or before May 15, 2022. 2. Returns for fiscal years are due on or before the 15th day of the fifth month after the close of the taxable year. 3. If the due date falls on a weekend or legal state holiday, the return is due the next [...]

Louisiana Other Credits (non refundable)

Education Credit Act 125 Recovery – Section 7 of Act 125 of the 2015 Regular Legislative Session provides a recovery of the credit amount reduced by the Act if your 2014 return was filed after July 1, 2015, for which an extension was requested prior to May 15, 2015. Use this credit code to report one-third of the education credit reduced on your 2014 return. Attach Form R-6410 to your [...]

Louisiana Credit for Contributions to Educational Institutions

Taxpayers who donate a computer or other technological equipment to educational institutions in Louisiana are allowed a credit of 29 percent of the value of the property donated (R.S. 47:37). The recipient certifies the donation of property by using Form R-3400, Certification of Donation or Contribution of Property of a Sophisticated and Technological Nature, available on LDR’s website. You [...]