Best Tax Attorneys in Metairie

Frequently Asked Questions

• Where does the Tax Court hold trial sessions closest to Metairie, Louisiana?

  The closest Tax Court trial location to Metairie is the U.S. Customs House at 423 Canal Street, New Orleans, LA 70130.

• Where is the low-income taxpayer clinic that is closest to Metairie, Louisiana?

  The low-income taxpayer clinic closest to Metairie is the Southeast Louisiana Legal Services LITC, located at 1340 Poydras, Suite 600, New Orleans, LA 70112.

• Does a resident of Metairie working remotely for a company based in a different state need to file an individual income tax return?

  Yes, anyone domiciled in Metairie and mandated to submit a federal tax return must file an individual income tax return, irrespective of where the income is earned. Additionally, if there's an overpayment through withholding or estimated tax declaration, a return must be filed to recover a refund or credit. This obligation also extends to Louisiana-domiciled military personnel stationed out of state, who must report all income.

• Is a nonresident or part-year resident who has earned income in Metairie required to file an income tax return?

  Yes, nonresidents and part-year residents who have sourced income from Metairie are obligated to file an IT-540B Louisiana income tax return, given they are also required to file a federal tax return. The IT-540B form necessitates the disclosure of income from all sources to compute a ratio of income derived from Louisiana to total earnings. However, only the income attributed to Louisiana activities is subject to taxation.

• How does the Federal Retailer's Excise Tax Act affect the computation of sales tax on luxury items in Metairie?

  Under the Federal Retailer's Excise Tax Act, Metairie retailers must collect from consumers the excise tax on luxury items like fur coats, cosmetics, and jewelry and then remit it to the federal government. Unlike other federal taxes charged to manufacturers or importers, this excise tax isn't part of the sales tax computation. It's a unique regulation for retail transactions.

• Are tangible personal property transactions subject to sales tax in Metairie, even when the buyer is a registered dealer?

  In Metairie, tangible personal property transactions are subject to sales tax, even when the buyer is a registered dealer. The dealer's status or collection of tax on gross rentals does not alter the tax obligation on the sale itself. Moreover, the tax requirement persists even if the purchased item is later leased or rented out. Therefore, the sale of such assets is still subject to taxation.

• How is property tax calculated in Metairie?

  In Metairie, property tax stems from a formula involving a tax rate and a taxable assessment. The tax rate combines voter-approved millages designated for amenities such as law enforcement, fire protection, education, and parish government functions. The Assessor's Office of Jefferson Parish calculates the taxable assessment of the property. Property tax is then derived by multiplying the taxable assessment by the said tax rate.