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!!

Read a sad article recently about a young dad (mid 30's) out in North Carolina who died suddenly, leaving behind his wif...
07/21/2026

Read a sad article recently about a young dad (mid 30's) out in North Carolina who died suddenly, leaving behind his wife and seven children.

Most of us feel that we'll stick around for a long time and aren't thinking of our demise. We may think estate planning is for the rich, or for old folks who'll be dying within the next 15-20 yrs. Many of us don't even remember who the beneficiary is on our retirement account at work.

Sadly, a healthy long life will not be the reality for some of us, and we should plan accordingly. In fact, you could argue that this is especially more important for young families who are most vulnerable if one, or both, parents were to die prematurely.

Here's an article with some basic info that will hopefully motivate you to get that part of your financial house in order.

Check it out:

Discover the essential estate planning steps for your young family. Learn how to protect your children and assets with a will, trust, and life insurance.

If you've got business with LDR, be aware that their New Orleans office location has moved.   Used to be in Benson tower...
07/20/2026

If you've got business with LDR, be aware that their New Orleans office location has moved. Used to be in Benson tower, but it's now at the OMV office by West End. Their new address 100 Veterans Blvd, NOLA 70124.

And, unlike the IRS office downtown, this LDR office takes walk-ins!

Check it out:

BATON ROUGE – Beginning Monday, April 13, 2026, the Louisiana Department of Revenue (LDR) will provide walk-in customer service to New Orleans-area taxpayers at a new location.

For some of us, it can be hard to help ourselves out financially.  Whether it's choosing not to participate in the compa...
07/17/2026

For some of us, it can be hard to help ourselves out financially. Whether it's choosing not to participate in the company 401k plan, setting up an IRA; or even just setting up a recurring transfer into a savings account, it's easy to convince ourselves that it's too hard or complicated to do.

Add the stresses of being self-employed and you can come up with a whole new set of excuses to not plan for "old you".

If you're self-employed, check out this article that discusses the basics among a few retirement plan options available to you. They even suggest which type works best with your income!

A final nudge: take the family album out and see how many pawpaws or great-memaws you see, because if you have a family history of longevity, you should do yourself a favor and start saving now (the sooner you start, the less you'll have to put away thanks to the power of compounding!)

Check it out:

How to save for retirement when self-employed. Compare SEP IRAs, Solo 401(k)s, SIMPLE IRAs, and Roth options with higher contribution limits than traditional plans.

Older clients will say something like, "I'm 82 years old, I shouldn't even have to file taxes!"While that sentiment may ...
07/16/2026

Older clients will say something like, "I'm 82 years old, I shouldn't even have to file taxes!"

While that sentiment may ring true with many of us, the fact is that, as long as you have taxable income, you'll have to file taxes---whether you're 1 yr or 115 yrs old!

That doesn't mean that you have to file every year. Retirees who mainly have social security and small pensions or investments may not have to file at all.

Married seniors may not have to file until one of them passes away, since they now may have taxable income due to lower deductions. Or it could be that you normally only take $12K /yr from your 401k (so don't have to file), but this yr, you needed a new car and took $45K out---you'll definitely have to file this year!

Check out this article that discusses seniors and their filing duties:

Regardless of age, you must pay taxes based on income requirements. Here are different strategies to minimize taxes if you're a senior.

Whether you're thinking of an upcoming family trip, coming up with creative ways to stay cool this summer, or that you c...
07/15/2026

Whether you're thinking of an upcoming family trip, coming up with creative ways to stay cool this summer, or that you can FINALLY cut your grass this week, one thing that you're probably not thinking about is your taxes.

Here's a little summary of things you need to keep in order to prepare your taxes, straight from the horse's mouth. We tell you in person and our letter and we'll repeat it here: if you're ever audited, you're gonna want to have all those receipts, checks, invoices, etc. that prove every number that you've reported.

Whether it's to back up your contributions (fyi, you'll be able to deduct up to $1K per taxpayer next yr), rental property or self-employment income/expenses; college expenses, cost basis of investments...etc, having proper documentation determines your audit outcome.

Would you rather hear, "Thanks for your reply, keep doing what you're doing---no change!" or do you prefer, "Oh, you can't verify the materials, labor, and office supplies? Hmmm, well, in that case, show us your records for mileage, business meals, and uniform expenses.....oh, btw, right now, we just need it for this year, but we may open up the last two years depending on how this goes..."

This isn't exaggeration or dramatization; this actually happens!

If you're self-employed, click on the link at the bottom of the page to get even more info as it pertains to SE folks...check it out:

Gather documents you need to prepare and file your tax return.

Excited to see some results from NOLA's "Activate Downtown" initiative.   If you haven't heard about it, it matches 50% ...
07/14/2026

Excited to see some results from NOLA's "Activate Downtown" initiative. If you haven't heard about it, it matches 50% of the costs to renovate and open a currently vacant ground level storefront (maximum match is $20,000).

The goal is to make a more vibrant, safe, and economically viable downtown area. Sounds like a great opportunity for the right type of business and investors.

There were many links available, but we chose this one because it has a lot of information, from the link to the application, "RETAIL TENANT IMPROVEMENT GRANT" to SBA financing, possible federal credits, etc.

What a great source if you're thinking of starting a business in NOLA. If you've been on the fence, and especially hesitant due to starting buildout costs, maybe this is the "nudge" that convinces you to take the plunge!

Anyway, check it out:

If you need help improving your storefront DDD can assist! Take a look at our grants and assistance opportunities.

Every year, we get several clients who ask whether they can pay their state taxes online, with a credit card.  The answe...
07/09/2026

Every year, we get several clients who ask whether they can pay their state taxes online, with a credit card. The answer is yes.

Just like with IRS, you can pay "as a guest" without having to create an account. It's a quick and easy way to make a payment without too much hassle.

The beefier option, though, is to go through the motions (it's just one-time only) and create yourself a "LaTAP account". This account gives you access to your actual LDR account and you can see filings, make payments, enter into payment plans, see correspondence, etc.

Similar to having an individual IRS account, these are per individual, so spouses can have their own LaTAP accounts, if they wish (otherwise, just create it with the primary "Taxpayer" info and that's really all most folks will need).

So, if you've finally run out of checks, or are just looking to use 21st century payment options, check out their payment page here (sign up for LaTAP by choosing the "pay from a bank account" option):

Need to make a tax payment using a credit or debit card? The Louisiana Department of Revenue offers a secure online payment option that allows individuals and businesses to pay eligible Louisiana taxes without logging into a LaTAP account.

***BTW, if you're seeing this, and it's of zero impact to you, please forward it to all your friends and family members ...
07/08/2026

***BTW, if you're seeing this, and it's of zero impact to you, please forward it to all your friends and family members who have kids under 18 yrs old---they may not have heard of these accounts and what a difference it could make on this new generation of children coming up (many incorrectly believe that it's only for newborns)!!***

Hey parents: the Trump accounts are now live! If you haven't already done so, go to https://trumpaccounts.gov/ to download the app and set up your username/passwords so you can see what's going on in your child's account.

Remember kids born in 2025 should show a $1,000 deposit in their accounts. The Treasury Department is funding that initial seed money for ALL kids born between 1/1/25 - 12/31/28 and are US citizens with valid SSN's.

Children born prior to 2025, aged under 10, should HOPEFULLY have $250 deposited into their accounts. ONLY the first 25M activated accounts will receive this $250, so set yours up ASAP because 25M may sound like a big number, but there are a lot of kids out there!!!

Kids >10 who are under 18 will show a $0.00 balance, but you, family, friends, employers, and even charitable organizations can make up to $5K/yr in total contributions. Don't forget that some employers are offering matches, so ASK if yours does to maximize your child's nest egg!

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

Our nation's 250th is past and wow, what a fireworks display late night on the 4th, right?  And who knew the official mi...
07/07/2026

Our nation's 250th is past and wow, what a fireworks display late night on the 4th, right? And who knew the official military singers had such a wide selection of musical offerings--glad to see they enjoyed their flash of fame!

Anyway, this post won't affect everyone, but enough of you to warrant a posting.

Those of you who are retired may be taking a little extra this year from your retirement accounts to take long-awaited vacations or replacing an aging car....or maybe you sold some of your NVDIA/ Exxon stocks recently to cash in on some gains....or you realized that not all banks are created equal and you shifted your savings to a bank that is now making you thousands---instead of tens---of dollars in interest.

These are all good things.

However, a little PSA is in order. Over the past couple of years, we've had clients who've been affected by IRMAA---an increase in their Medicare premiums---due to them having too much taxable income. Sometimes you can't help it (you have to/want to keep working even though you're >65), but maybe some other times, you can (like, maybe you could've taken funds from your Roth IRA or savings account instead of the 401k for that extraordinary cash outflow).

This article explains what IRMAA is, and it also gives you the income thresholds so that you can maybe keep more of your money instead of paying it out in higher insurance premiums.

Check it out:

You pay higher Medicare Part B and Part D premiums if your income exceeds certain thresholds. Here are the IRMAA income brackets for 2026, 2027, and 2028.

We celebrate our nation's 250th year of independence tomorrow.   It's 250th birthday.   Its Semiquincentennial.Most of u...
07/03/2026

We celebrate our nation's 250th year of independence tomorrow. It's 250th birthday. Its Semiquincentennial.

Most of us probably remember learning about how the British empire treated us like money printing machines by levying all sorts of taxes on us...until one day, it was too much for us to bear.

The event called the Boston Tea Party (we're not talking consuming cookies and hot tea, but, instead, throwing crates of British tea overboard their ships) took the rally cry, "No Taxation Without Representation" to its boiling point and ignited the fire and passion of the colonists to eventually demand independence from the British empire.

By all measures and accounts, we weren't supposed to win against such a well-financed and well-trained opponent. With France becoming our ally shortly after the declaration of independence that July 4th, 1776, those scrappy, smart; strong, moral, and determined colonists accomplished the unthinkable.

Against all odds, by fighting the mighty British armed forces focused with one goal in mind---gaining independence for their "Thirteen United States of America"---those underdog colonies defeated the British empire!

As you celebrate this weekend----heading out to the beach...enjoying a hot dog and a beer...fishing at your favorite lake or pond...catching the latest blockbuster...or just chilling at home because you have that day off---remember that 250 years ago, this nation was born because those New Englanders believed
"...that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government..." and their current government did not.

Happy Independence Day, America---250 is looking great on us. Let's pray our country's next big birthday looks even better!

Here's a short article glossing over the highlights of how our country became the United States of America:

Colonial tensions with Britain sparked the American Revolution.

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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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