Larry's Income Tax & Bookkeeping Service

Larry's Income Tax & Bookkeeping Service We provide Income Tax & Bookkeeping Services at competitive rates. Mr. Larry has 30+ years of experience and works very closely with our staff.

Tax Preparation & Accounting Services
Call us at: 504-443-3557

TAX SEASON HOURS (Jan 20th-Apr 15):
Open Weekdays, 9am-7pm
Saturdays, 9am-4pm

REGULAR HOURS (after Apr 15th)
Weekdays only, 9am - 5pm

https://twitter.com/ #!/LarrysIncomeTax During tax season, we offer 3 tax preparers that are available Monday through Friday from 9am - 8pm and Saturday from 9am - 6pm. After tax season (April 15th),

our hours change to Monday through Friday from 9am - 5pm. Our services include, but are not limited to the following: Electronic Filing, Tax Planning & Audit Representation, Rapid Refund Loans, Bookkeeping Services, Personal Corporate & Partnership Returns, Personal, Enrolled to Practice Before The IRS. We gladly accept cash, checks & all major credit cards. Give us a call when you are ready to schedule an appointment. Larry & our staff look forward to doing business with you!!

At first, this post seems like a thinly veiled excuse to remind y'all that USA plays Australia today at 2pm (catch it on...
06/19/2026

At first, this post seems like a thinly veiled excuse to remind y'all that USA plays Australia today at 2pm (catch it on Fox).

But it is interesting to see, for example, that this treaty lowers the tax rate charged on certain types of income such as interest and divid----oh who are we kidding?!?

Go team USA!

I BELIEVE THAT WE WILL WIN!! I BELIEVE THAT WE WILL WIN!!
I BELIEVE THAT WE WILL WIN!!

Learn how the US-Australia tax treaty helps expats avoid double taxation. Discover how different income is taxed, and how to claim treaty benefits.

Barely two weeks into hurricane season, we hope everyone made out okay with T.S. Arthur overnight.   This is a reminder ...
06/18/2026

Barely two weeks into hurricane season, we hope everyone made out okay with T.S. Arthur overnight.

This is a reminder that the deadline to apply for those $10,000 grants for a fortified roof is tomorrow. If you've been on the fence about getting one, you can certainly apply (you can decline it if you change your mind later).

One BIG thing to know if you're lucky enough to receive the grant: although the grant is tax-exempt on the Louisiana return, that $10,000 will have to be reported as taxable income on your 1040 return. From a quick search, the state doesn't send out 1099 forms, but they do publish a list that, presumably, IRS has access to, so don't gamble with IRS---remember to report that income and avoid problems 1-2 years down the road.

Louisiana government websites often end in .gov. Before sharing sensitive information, make sure you’re on a Louisiana government site.

Hat tricks...."football" games ending in draws or scores like 1-0 (and fans super excited about it!?!)...athletes in lat...
06/17/2026

Hat tricks...."football" games ending in draws or scores like 1-0 (and fans super excited about it!?!)...athletes in late 30's (and a couple in their 40's) playing at elite, world-record-setting levels....and USA is only 33-1 favored to win (hey, we were 65-1 prior to our first game, so we getting there!!!)...just what, exactly, is going on here?!?

It's the 2026 FIFA World Cup, y'all!

We may not be a host city (closest ones are Houston and Atlanta), but your business can still get in on some World Cup action.

Check out this article with a few ideas and use your creativity. If you come into our office, we'll have the games on our TV and don't be surprised if a Larry's Tax promotion sprouts from this in the next few days!

Learn how to run a World Cup 2026 promotion for small business—step-by-step strategies, budget tips, and common pitfalls to avoid. Start now.

Within the past 30-45 days, we've had a couple of very successful clients tell us that their credit scores are much lowe...
06/16/2026

Within the past 30-45 days, we've had a couple of very successful clients tell us that their credit scores are much lower than they expected. The reason was not what you'd expect: their homes are paid for and they don't need or use credit (no gas cards, store cards, car loans, mortgages)---everything's paid with checks or their debit card.

If you're ready to take your business to the next level, you'll need financing. Got this notification on our email of a free webinar that discusses five reasons why lenders deny business loans.

If you're looking to take out a loan soon, it may be worth checking it out:

Banks deny more than 80% of small business funding requests But why? Come learn the top five reasons why your small business loan request was (or will be) rejected and more importantly, how to prepare yourself and your small business to get funded.

IRS starting to get that World Cup fever...btw, if you're by a TV this Friday around 8pm, take a look at the USA vs Para...
06/11/2026

IRS starting to get that World Cup fever...btw, if you're by a TV this Friday around 8pm, take a look at the USA vs Paraguay match on Fox or Telemundo.

USA! USA! USA!

Foreign participants in the 2026 FIFA World Cup may have U.S. tax obligations. Learn about withholding, tax treaties, filing requirements, and how to stay compliant.

Starting a summer job or your first "adult" job?  Check out this very detailed (but easy to follow) article that discuss...
06/10/2026

Starting a summer job or your first "adult" job? Check out this very detailed (but easy to follow) article that discusses one of the very first things you'll most likely be doing on your very first day---filling out your payroll tax forms!

Step 2 (multiple jobs/spouse also works) has zapped many folks in the last few years, so read up on it so you know what to do when it's time to complete those forms;

Check it out:

When you start a new job, the W-4 and I-9 are just the beginning. Here’s what each form actually does and how to fill them out without making costly mistakes.

Whether you're a student looking for a side hustle this summer or you're an established SE business owner, you should kn...
06/09/2026

Whether you're a student looking for a side hustle this summer or you're an established SE business owner, you should know that the 1099 threshold was increased to $2K/yr for 2026.

As a recipient (ket's assume this is your first time with 1099's), the first thing you need to know is that this does NOT mean, "Awesome... I can make up to $2K and not pay taxes!" Whether you receive a 1099 or not, ALL your SE income is reportable (of course, you'll also deduct all your expenses).

The next thing is that the issuer will ask you to complete a form W-9, which will ask for your legal name, address, and your SSN. You'll sign the form and give it back to the issuer. Keep a copy for yourself---in fact, you can complete a PDF and keep it as your "master copy" to give to future contractors.

FYI, you're not required to provide--or even show--a copy of your social security card, but make sure all the information is correct, or else you could be subject to "backup withholding" of 24% of your pay if your W9 was inaccurate.

From the issuer POV, your main concern is to ensure that you get the signed (and legible) W-9 ASAP---preferably before the engagement even begins, and definitely before the payments add to more than the $2K threshold. It'll be a lot harder to get this info that following January with only a week or two prior to filing these forms---remember IRS penalizes you for not having complete records on your subs!

Anyway, read more here:

The 1099 reporting threshold 2026 jumps from $600 to $2,000. Here is what the new rule means for freelancers and how to stay compliant this year.

No matter which side of the AI debate you're on, Persistent Old Scammers ("POS") absolutely love it!  The advances are s...
06/08/2026

No matter which side of the AI debate you're on, Persistent Old Scammers ("POS") absolutely love it! The advances are so great in this area that even a fairly low-level POS can really wreak havoc in your personal and business lives.

A recent one involves users of Microsoft 365. The FBI put out a PSA explaining that AI sends an email that looks legitimate, sends a device code that you input to the legitimate Microsoft verification page, and that's when it bypasses the password and MFA measures, granting the POS full access to the accounts.

Remember the rule, "if you didn't initiate contact, don't click, send, or give out any identifiable information" to any POS asking for it.

But what about when your child calls you, crying because they've been kidnapped or are in trouble, and a POS is demanding immediate payment (or they're in jail and need to make bail, or are at the hospital and need money for medical care, or their car is impounded...etc.)?

Never, you say, I KNOW my child's voice! Well, POS's are now using AI to clone your loved one's voice perfectly (only need 10 seconds of it) and is probably working with another POS who plays the part of the cop/judge/attorney beautifully).

What do you do then? As hard and heartless as it sounds, end that call right away and immediately call your child...text them...look up their location...contact a friend/roommate/fellow traveler...go upstairs and look in their room...verify first.

When it comes to our loved ones, our brains immediately go to "protect" mode and we don't think rationally. The POS knows that. Be ready to be super stressed if you can't immediately verify their whereabouts. Call your spouse, relative or friend so they can help calm you down and at least open the possibility that it could be a POS trying to get you.

Many schools run mock active shooter drills. These drills are meant to give faculty and students the mental ability to somewhat "keep it together" and make correct life-and-death choices if ever faced with that tragic scenario.

We can also plan and practice for traumatic events. Run your own mock scenarios, come up with family words or phrases that alerts the other person that there's a real problem...that they need your help...or maybe that they're fine after experiencing a natural disaster.

Hope you never go through it, but a little planning could save your sanity and your wallet!

A chilling new scam uses AI to clone your child's voice, tricking parents into paying ransom. Here's how the horror unfolds—and how to avoid it.

Just found out that the Trump Account app is now available, so now is the time to download it, sign up, and familiarize ...
06/05/2026

Just found out that the Trump Account app is now available, so now is the time to download it, sign up, and familiarize yourself with how it looks/feels/works, and you can be ready when everything "goes live" around July 4th.

Remember, the funding won't happen until then, so don't be freaked out that it shows a zero balance!

Check it out:

Trump Accounts provide eligible American children with tax-advantaged investment accounts courtesy of President Donald J. Trump.

Recommended to a client that they look into opening an ABLE account for their child and wow, have they expanded---in a g...
06/05/2026

Recommended to a client that they look into opening an ABLE account for their child and wow, have they expanded---in a great way!

Basically, these accounts are for folks who have been diagnosed as permanently disabled (where the disability is expected to last > 1 yr). The mechanism is similar to Roth IRA's---you contribute after-tax dollars and pull the money out tax-free to cover "qualified disability expenses", the definition casting a wide net for these expenses.

Age limit for disability onset used to be 25...now it's 45. Annual limit was $14K for many yrs...that's now indexed for inflation and currently $20K (and up to almost $36K if employed!).

For parents with disabled children, it is an additional tool that, especially when started early, can ensure the child will have additional financial security when they ultimately have to take care of themselves (or help alleviate related extra costs their new caretaker will have to bear).

Read more details here, including a few panning tips:

ABLE accounts changed on Jan. 1, 2026. Learn who qualifies under the new age 46 rule, what you can save, how to open an account, and how ABLE protects SSI and Medicaid.

Address

New Orleans, LA

Opening Hours

Monday 9am - 5:30pm
Tuesday 9am - 5:30pm
Wednesday 9am - 5:30pm
Thursday 9am - 5:30pm
Friday 9am - 3pm

Telephone

+15044433557

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