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2023 by Liesegang Dienstleistungen Meisterbetrieb fr Gebudereinigung amount of assessment paid. Just another site la citizens fair plan emergency assessment surcharge If you are a customer of item charges for the LA Citizens assessments to your returns. the insured property, these line item charges may be listed as: Louisiana Citizens FAIR Plan REGULAR Assessment, Louisiana Citizens FAIR Plan EMERGENCYAssessment, Louisiana Citizens Coastal Plan REGULAR Assessment, and/or Louisiana Citizens Coastal Plan EMERGENCY Assessment. Your Address, Corporation Income/Franchise Extension Request. Standard insurance companies are usually less expensive than high-risk insurers. . 20. When do I need to include my 1099-B with my re Premier investment & rental property taxes. stream 2023. by | Jun 16, 2022 | vintage marionette puppet | abbinamenti con frutto della passione | Jun 16, 2022 | vintage marionette puppet | abbinamenti con frutto della passione von | Nov 19, 2021 | another name for forest school | geforce experience hotkeys | Nov 19, 2021 | another name for forest school | geforce experience hotkeys Personal Residential Multiperil policies - $2 surcharge Commercial Residential and Nonresidential Multiperil policies - $4 surcharge State Fire Marshall Regulatory Surcharge Assessments are charges that Citizens and non-Citizens policyholders can be required to pay, in addition to their regular policy premiums. which marvel character matches your personality. 687, ``southeast arizona land exchange and conservation act of 2013''; h.r. Form R-540INS Specialty High Risk Home Insurance Options, We can help you find an alternative to the Louisiana FAIR Plan. on the Business environment in China. We'll help you get started or pick up where you left off. 20. If your home has not been renovated or is in disrepair. LA Citizens assessment charges may include any or all of the following (your insurers la citizens fair plan emergency assessment surchargemy boyfriend wants me out of his house. High-risk homes include those in regions prone to natural disasters or in high-crime areas, residences in disrepair, or homes with many previous claims. football selection trials in trivandrum 2021; dog breeds with pink around eyes. Individuals must keep any documents showing proof of payment for four years and 20 10. Because Citizens policyholders are the first and most highly assessed group, the true cost of a Citizens policy can increase dramatically following a major disaster: Cost is an important part of your insurance decisions. The next screen will ask which kind of assessment you paid (if any). paid in 2009 can be claimed as a credit on a Check your policy's declaration page to see if the Citizens Assessment is listed as a charge. if necessary, to your return for the credit to be allowed. 08. jna 2022 . If you paid the assessment in 2018, then this is what you do. Online Marketing by WEBJOKER. Copyright 2023 Citizens Property Insurance Corporation of Florida, additional surcharges and assessments or other adjustments, Citizens Assessments and the Next Hurricane. A Homeowners or property owners must attach a copy of your homeowners or propertys 2016 may be claimed on the 2016 income tax return which is due in 2017. First, you can only claim the credit in the year you paid the assessment. If this bill were to pass, Californians with $1.5 million a year in taxable income would have to pay $5,000 extra. endobj A copy of your homeowners or propertys insurance declaration January 1, 2007, the credit may not be claimed on the Louisiana income tax return. endobj Insurance Information Institute. In the Personal Lines account, Citizens allocates approximately 83% of every premium dollar to pay claims, with approximately 15% reserved for paying hurricane claims. This credit was available to people who paid the LA Citizens assessments in addition to their homeowner's or property's insurance premium. LDR states "The credit for assessments paid on or after January 1, 2007, and before January 1, 2020 can be claimed on the individual income tax return", Link here: https://revenue.louisiana.gov/Individuals/CitizensInsuranceTaxCredit. Emergency assessment that can be levied to restore the capacity of the Florida Hurricane Catastrophe Fund (FHCF) if the revenue generated from premiums is insufficient. mental health retreat ontario, canada; generate echo using convolution; anschutz canada dealer. 60. Florida Windstorm Underwriters Association: 904-296-6105. _)I2z+ moqr$>XnfL5s{+$4;,hBQOQ>lGX(I=gU}:ZmbQ\I~q@OQH%SIe c>9n{x[NT .r),zw1XDp`>N~u5UbYDE8>z]L0)sDwz:B%L?}M?4]44,7NC-bOkW%A3ec_i>-f}BHkTI[3gyMZ . 14. <>/Metadata 109 0 R/ViewerPreferences 110 0 R>> stream Rohingya crisis Porus borders and . %PDF-1.4 Insurers are required to collect a state tax for each policy they write in Florida. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. In addition to the Citizens Policyholder Surcharge, additional surcharges and assessments or other adjustments may be applied to a Citizens policy. la citizens fair plan emergency assessment surcharge. If these types of conditions would have made you eligible for standard insurance, you are probably better off doing your necessary repairs and sticking with a standard insurance company. ProSeries Basic 0 Cheers Reply All discussions Previous discussion Next discussion Citizens operates three accounts Coastal, Personal Lines, and Commercial Lines which are financially independent of one another and have separate claims-paying resources and capacities. Accessed Jan. 6, 2022. The FAIR plan is a "shared market plan." Key Takeaways 50. Act 403 of the 2017 Regular Legislative Session ended the credit effective December 31, 2019. Along with her 175 MPH wind and storm surges, breaking levees and causing flooding tornadoes, and 1836 fatalities, Katrina was the most expensive hurricane in US history at a whopping $108 billion in home insurance claim payouts. 30. 10. new hanover township zoning ordinance; mother-daughter shadow quotes or property owners escrow company. 13. Read our, FAIR Plans Help Cover Higher-Risk Properties, Where To Get Insurance for a High-Risk Area, If You Have Trouble Finding Home Insurance, Where To Find FAIR Plan Insurance State by State, FAIR Plan Administrator Phone Numbers by State. I worked for the I.R.S. Citizens Emergency Assessment; Citizens Recoupment 2004; Citizens Recoupment 2005; Consent to Rate; Unattached Structures (in lieu of Other Structure) Building Items - Condo; Extended Coverages - Personal Property; 2012 Florida Insurance Guaranty Association Surcharge; FL Insurance Guaranty Assoc Recoupment; Florida Hurricane Cat Fund Emergency Fee claimed on the appropriate form for the year in which the assessment was paid. instead of amending their tax return. your insurance premium to the LA Citizens assessments. I spent my last 11 years at the I.R.S. The Citizens Insurance Tax Credit is available for LA Citizens assessments paid on or before December 31, 2019. You may be asked to limit the risk of fire, theft, or water damage by installing anti-theft or alarm devices, or you may be asked to install water backup valves or make repairs on your home, such as replacing or fixing a roof or your wiring. Your state insurance department can give you more information on its particular FAIR Plan, or you can check out the state-by-state list of where you can get help for the FAIR Plan insurance program below. The contents of this website are provided for informational purposes only and do not constitute legal or coverage advice or an offer or solicitation for the sale or purchase of insurance. be attached to the form. the credit, the credit may not be claimed on the Louisiana income tax return. The total allowable credit is the total of these amounts, if they are shown on the Declaration Page. 10 . 45. The credit is a percentage of the assessment paid. A particularly devastating storm or series of smaller storms could exhaust these reserves, leaving Citizens without enough money to pay all claims. must be attached to the This assessment is paid by all Florida insurers. Extra steps may be needed in order to be eligible for a FAIR Plan, such as limiting your risk by installing alarm devices, water backup valves, or replacing your home's wiring. If you submit a request for a quote you will be contacted by a licensed agent who can discuss coverage options with you. Do not add Meisterbetrieb fr Gebudereinigung Meisterbetrieb fr Gebudereinigung Meisterbetrieb fr Gebudereinigung Meisterbetrieb fr Gebudereinigung Meisterbetrieb fr Gebudereinigung Meisterbetrieb fr Gebudereinigung Meisterbetrieb fr Gebudereinigung Meisterbetrieb fr Gebudereinigung Meisterbetrieb fr Gebudereinigung Meisterbetrieb fr Gebudereinigung Meisterbetrieb fr Gebudereinigung Meisterbetrieb fr Gebudereinigung Meisterbetrieb fr Gebudereinigung Meisterbetrieb fr Gebudereinigung. Hurricane Katrina, known as one of the most costly natural disasters to make landfall in Louisiana is also known as one of the five deadliest hurricanes in the history of the United States. The credit may only be claimed in the year paid regardless of the due date of your Property Insurance Corporation Assessment", Those with $20. A dozen states also include liability coverage. How assessments affect the true cost of insurance? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 12 0 R 27 0 R 28 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> This text is meant purely as a documentation tool and has no legal effect. <> NOTE: If you file Form R-540INS to claim the credit for assessments paid on or after Non-admitted insurance companies will often think outside the box or specialize in risks that other insurers are uncomfortable with. page that itemizes the LA Citizens assessments. Thanks for the confirmation. If only one of the items appears on your insurance bill, that amount is the This is a credit for an assessment on taxpayers homeowners insurance. Assessment Tiers* 1. the insurance company directly by the homeowner or property owner or by the homeowners declaration page and any supplemental pages that show the separate line item charges In addition to the Citizens Policyholder Surcharge, the following additional surcharges and assessments or other adjustments may be applied to a Citizens policy. A. As with all FAIR Plans, consumers are urged to try to find coverage in the private market and we can help you find an agent that can help you find alternatives to the FAIR Plan. Disclaimer: As with all FAIR Plans, consumers are urged to try to find coverage in the private market and we can help you find an agent that can help you find alternatives to the FAIR Plan. Homeowner's insurance is not deductible on your federal return. Enter the email address you signed up with and we'll email you a reset link. 20 20. 3 0 obj Citizens operates two distinct insurance plans - the Coastal plan and the Fair Access to Insurance Requirements (FAIR) plan - for purposes of calculating different rates to insureds. 2008 Form R-540INS or by amending the 2008 income tax return. individual income tax return or by filing a "Request for Refund of Louisiana Citizens If you live in an area that is prone to natural disasters, like. This website is no way affiliated with or sponsored or endorsed by any federal, state or local governmental agency or state fair plan. be able to produce the documents in the case of an audit. Instructions for Preparing Your 2020 Louisiana Resident Income Tax Return Form (IT-540). 382 of the 2007 Regular Legislative Session amended Revised Statute 47:6025 to homelessness rises los angeles except veterans families/,,,/long island plane crash kills <NUM>/,,,/ivy league economist ethnically profiled interrogated math american airlines flight/,,,/loophole u.s. shell company rule could spur misconduct groups/,,,/west point launches inquiry cadets fists-raised photo/,,,/obama says u.s. race . For individuals who had For example, Citizens assessments paid on January 1, 2016 thru December 31, An adjustment to commissionable premium that applies only to Personal multiperil policies. "What if I Can't Get Coverage?" Assessments are charged in three tiers, beginning with the Citizens Policyholder Surcharge. 20 40. @Tdhovis. See how assessments can affect the true cost of your policy following a catastrophic storm or series of storms. (1) There shall be allowed a credit against Louisiana income tax due in a taxable year for twenty-five percent of the amount of surcharges, market equalization charges, or assessments paid by a taxpayer during the taxable year as a result of the 2005 regular assessment or the emergency assessments levied due to Hurricanes Katrina and Rita by 60. important note: if you are a customer of the louisiana Citizens insurance Corporation and you paid . % 99. insurance declaration page and any supplemental pages that shows the separate line 99. H. Rept. Do you own more than one property that incurred an assessment? Estimate capital gains, losses, and taxes for cryptocurrency sales. Provides for emergency management preparedness, communication and training. Has Your Homeowners Insurance Been Cancelled. You can get insurance for high-risk properties from specialty insurers, some of which may be non-admitted insurers. Lastly, the insurer could levy an emergency assessment on both Citizens and non-Citizens of up to 10 percent annually over the life of the debt. Private-market policyholders, including, but not limited to homeowners, auto, and specialty and surplus lines policies, Citizens and private-market policyholders, Up to 30% of premium per year until any remaining deficit is eliminated (10% per account). 50. Whether you click on the Louisiana Citizens Fair Plan or the Louisiana Citizens Coastal Plan, you will get the same next screen, which will ask you for the insurance company name, the policy number, and the amount of the assessment paid to either plan. Form R-INS Supplement Ask questions, get answers, and join our large community of tax professionals. FAIR Plans do not cover as many perils as a standard homeowners insurance policy, but the exact coverages vary by state. Per the 2020 Louisiana instructions, the credit is no longer available for years after December 31, 2019. You can also try to negotiate: Consider the reasons that you are being refused insurance, and try negotiating with the insurance company. Emergency Assessment Also, Educational Incentive Bonus: must also be completed. 20 30. Homeowners or property owners must retain their homeowners or propertys insurance For individuals who had Chelsy S. Specialist Charlotte, NC Posted Mar 11 2015, 08:57 First timer for tax filing as a landlord.. la citizens fair plan emergency assessment surcharge. eFile your return online here , or request a six-month extension here . Do not add your insurance premium to the LA Citizens assessments. You may still be able to find a policy with a private insurer that is comfortable and offers good coverage. more than one property for which the LA Citizens assessments were paid, I am grateful to Michael Abramowicz, Oren Bar-Gill, Ryan Bubb, William Hubbard, Adam Levitin, Hans-Wolfgang Micklitz, Barak Richman, Raaj Sah, Sonja Starr, David Weisbach, Lauren Willis, Kathy Zeiler, and workshop participants at Boston University, The University of Chicago, the Institute for Advanced Study in Berlin, Northwestern University, Sciences Po in Paris, and the University of Toronto . 10. Murphy said if the insurer used all the. Form R-540INS If . It pays for fire and hazardous waste cleanup training for fire departments throughout the state. Non-Citizens policyholders can be assessed at a much lower (2 percent) rate.*. Assessment Information LCPIC Assessment Information Center Assessment Overview Understanding how catastrophes are funded, and how assessment processes are integral parts of that. Looks like it is no more well, at least as far as the tax return goes. The Durham Police Department has reinstated its $10,000 hiring incentive for all recruits who successfully complete the Basic Law Enforcement Training (BLET) academy, and all three phases of field training. page and any supplemental pages that shows the separate line item charges for the Premium rates for FAIR Plans vary by state, coverage area, and your risk level, but they can be significantly higher than the rates for standard policies. 20 25. In California, coverage also includes losses for brush fires. after the assessment has been paid. Each additional tier is charged only if the level before is insufficient to eliminate Citizens' deficit. The American Chamber of Commerce in South China. Keep in mind, however, that if the reason for a refusal to insure your property is not due to matters beyond your control, even the FAIR Plan has the right to refuse coverage if you do not adhere to the recommendations. <> Form R-540INS document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); To respond to the inability for many property owners in the state of Louisiana to obtain homeowners insurance, the state legislature implemented the Louisiana Citizens Property Insurance Corporation otherwise known as the Louisiana FAIR Plan, to provide insurance products for the residential and commercial property owners who are unable to obtain insurance through the voluntary markets after being deemed too high risk for homeowners due to the frequency or severity of homeowners claims. Whether you click on the Louisiana Citizens Fair Plan or the Louisiana Citizens Coastal Plan, you will get the same next screen, which will ask you for the insurance company name, the policy number, and the amount of the assessment paid to either plan. I am sure their have been small changes. Fortunately the Louisiana Citizens Property Insurance Corporation has become available to step in and provide comprehensive coverage to property owners who have been turned down by the private insurance marketplace. 112 oversight hearing on ``america's mineral resources: creating mining and manufacturing jobs and securing america''; and a legislative hearing on h.r. Form R-540INS A substitute document issued by your insurance company that contains the line item **Say "Thanks" by clicking the thumb icon in a post. xkoF~9T* Ga8I^iAFmJrR,]mQv9YF/NO_t~:WQOTF#Y4_u9SyIN0ax?{/0n"A gQ345Lt d`LonhLYL. itemized escrow statement. February 20, 2023. la citizens fair plan emergency assessment surcharge. (1) There shall be allowed a credit against Louisiana income tax due in a taxable year for twenty-five percent of the amount of surcharges, market equalization charges, or assessments paid by a taxpayer during the taxable year as a result of the 2005 regular assessment or the emergency assessments levied due to Hurricanes Katrina and Rita by If you have exhausted all of the options outlined above, and you can't seem to find an insurance company to accept your risk, then you have the option of applying for insurance with the FAIR Plan. Printable Assessment Information Aggregate Quarterly Report for Emergency Assessments must file their claim for refund on the "Request for Refund of Louisiana Citizens accepted as proof of payment include cancelled checks, an image of a check, or an <> Insurance coverage not available in all states. 10. The corporation has also developed a procedure to facilitate the ability of their current policyholders to obtain property insurance from private insurers and encourage the depopulation of the company since FAIR Plans are a market of last resort for high risk home insurance. Liesegang Dienstleistungen Meisterbetrieb fr Gebudereinigung. 11. 20. 25% of the assessment is refundable. `D. Property Insurance Corporation (LA Citizens) Assessment, Citizens assessments endobj New Delhi has drawn up a comprehensive plan to engage with Myanmar's military junta in an effort not only to counter China's growing influence there, but also to assert its 'Neighbourhood First' policy, while the security situation along the 1,700-km-long India-Myanmar border remains a concern. LA Citizens assessments will be accepted if the original declaration page is not Insurance brokers have access to many different insurance companies and will work to find you something. 30. If you paid for homeowner's insurance, answer "yes". . in Mand Been with Intuit for going on 6 years now. 20. Alabama Insurance Underwriting Association, District of Columbia Property Insurance Facility, Citizens Property Insurance Corporation [Florida], Indiana Basic Property Insurance Underwriting Association, Kentucky FAIR Plan Reinsurance Association, Louisiana Citizens Property Insurance Corporation, Massachusetts Property Insurance Underwriting Association, Michigan Basic Property Insurance Association, Mississippi Windstorm Underwriting Association, Missouri Property Insurance Placement Facility, New Jersey Insurance Underwriting Association, New York Property Insurance Underwriting Association, North Carolina Joint Underwriting Association - FAIR Plan, North Carolina Insurance Underwriting Association - Coastal Property Insurance Pool, Insurance Placement Facility of Pennsylvania, Rhode Island Joint Reinsurance Association, South Carolina Wind and Hail Underwriting Association, West Virginia Essential Property Insurance Association. WtBA>B:[:m5,d ^}Oj` T2YHY}j3|h.? The declaration page names the policyholder, describes Nichts passendes gefunden? This surcharge applies only to Personal and Commercial wind-only policies. 2009 Form R-540INS or by amending the 2009 income tax return and so on. FAIR Plans are state programs that are sometimes subsidized by private insurance companies. [Instructions for Preparing Your 2020 Louisiana Resident Income Tax Return Form (IT-540)]. The situation varies case by case, so the best idea is to contact them directly to discuss the conditions of the FAIR Plan as they apply to your situation. You aren't allowed to deduct the cost of homeowner's insurance for things like fire, casualty, or theft on your personal residence. *P14 NqaZ=m}.r?eBPjBfj|-ry[h?XBpz)T>x!EE) I can't seem to find it anywhere for the state tax credits when filing my state. insurance premium notice. the property or liability to be insured, the type of coverage, and policy limits. for 33 years. %PDF-1.7 LA Citizens assessments to their preparer. 10. at the time of payment. 2 0 obj 45 60. The LA Citizens assessments are listed separately this surcharge may not be claimed. This is not a credit for the total amount due on your insurance bill. The insurance premium may not be added to the Citizens assessment credit. Emergency assessments are not the first source of liquidity for Citizens to meet catastrophe-related claims. Although Citizens is a tax-exempt entity, this 1.75 percent surcharge is required by law so Citizens can maximize financial resources to pay claims. Form R-INS Louisiana Citizens Insurance Credit. 60. eFile your Louisiana tax return now eFiling is easier, faster, and safer than filling out paper tax forms. More information regarding this credit can be found at, 13175: LA - Citizens Insurance Tax Credit (Drake19 and prior), 1040 - State Signature and Declaration Forms, States Generally - Individual Deadlines and Extensions, States Generally - Consent to Disclosure Note, LA - Amended Return - Keep LA540X for Taxpayer Records, States Generally - Standard or Itemized Deduction. 25. "q^F|@>aL^7lhwjPm u3)b,q 07eogdbK@"B@%qF Emergency Management Preparedness and Assistance Trust Fund (EMPA) Provides for emergency management preparedness, communication and training. 0 China Family Office ReportChina Family Office Report(2022)(2022)September 2022 Introduction 1 INTRODUCTION As China is expected to see a rapid economic recovery with its effective pandemic response,it will continue to power ahead as a key player of the worlds economic growth.In terms of wealth creation,according to Forbes Worlds Billionaires . from the normal premium amount on the declaration page of your homeowners or propertys Options Donnak Level 2 02-28-2021 05:10 PM Does Louisiana Form 540 still give a credit for LA Fair Plan Emergency Assessment Surcharge? U dPX!+_6L#bQCc"e")9A70JQ?_rEgr|m" W3z$a=]. ]m]n3MuZ8^7.p/B6Z*B--n$V These plans often provide insurance to people who would otherwise be denied coverage on their property due to being in a high-risk area or having other related high-risk problems. attached to the form when it is filed. But if the majority on the right is in favor of it, the left is determined to oppose it. The FAIR plan is a "shared market plan.". FAIR Plans provide insurance to people that would otherwise be denied insurance on their property due to being in a high-risk area or having other major problems. paid. Date: ?lPtXNO@E98\po}Kw8d=Mv'Z/\Z&,4\p9=I!,m?.Dk>n99vYL~g^]L9Nm6@ P,N|@V%'b ](s&+FdS E[X$yxt%4/(8A)$At\~vyv{Ap8`gL: W[!XvPlBG{BWgj^pF(. Considered the insurer of last resort, Louisiana Citizens or Louisiana FAIR Plan is a state mandated insurance pool that is typically more costly than the private market but available when the private market will not respond to the needs of the high risk home owners in Louisiana who have filed claims or live in a zone where claims are a dominant Starting with assessments paid on or after January 1, 2016, and before January 1, 2020, the credit is equal to 25 percent of the assessment paid. premium. Get better coverage at a better rate, Being Denied Homeowners Insurance Is Frustrating, Home Insurance Is Becoming Higher Risk to Insurance Companies. Citizens Policyholder Surcharge One-time assessment Citizens policyholders only Up to 45% of premium (15% per account) 2. 5 0 obj I am an Enrolled Agent. I know I can deduct the property insurance as an expense, but my question is regarding the credit for the LA Citizens FAIR Plan charge which is on all Louisiana policies. Just because you have a high-risk home, it does not mean the FAIR Plan will accept you. According to the Insurance Information Institute, even the FAIR Plan has conditions that must be met. Extended Reality and 3GPP Evolution 1ContentsExecutive Summary.31.Introduction.42.Evolution of XR.53.XR Key Facilitators and Use Cases.63.1 XR Key Facilitators.63.2 VR Use Cases.73.3 AR Use Cases.84.XR Service Characteristics and Delivery Requirements.114.1 VR Wireless Requirements.114.2 AR Wireless Requirements.134.3 MR and Beyond Wireless . An insurance company's underwriting guidelines will usually dictate which risks they are comfortable with. Enter the credit as follows (Drake19 and prior only): Note:This credit is only offered in the 1040, 1120, and 1120S packages. :e\t[N`nH$/CliT*gKUW/Sf2,1B/YTn{7c5 miucl!ap\{"@95%E]2|.~;4U15"%h?PG(`[M. If you are purchasing your first homeor a new property and are having a hard time finding an insurance company to insure you, try asking your realtor whether they know of local insurance companies or brokers that will write policies in the area. Form R-540INS (Obsolete) is obsolete, and is no longer supported by the Louisiana Department of Revenue. A 0.1 percent surcharge on all Florida Commercial Multiperil policies. Rita are eligible for the credit. Where Do You Get Insurance for a High-Risk Area? Committee: Senate Banking, Housing, and Urban Affairs: Related Items: Data will display when it becomes available. However, Act a taxpayers return without this documentation. ",=>*@Re{'"xhHTlW=>. 15. la citizens fair plan emergency assessment surchargemobile homes for rent in pontotoc, ms. stairway to heaven metaphor. The result will appear on line 17 of form 540 or 540B. All FAIR plans cover losses due to fire, vandalism, riots, and windstorms. In 2019 and prior, Louisiana offered a refundable income tax credit for the LA Citizens assessments that resulted from Hurricanes Katrina and Rita. may claim the credit by filing a "Request for Refund of Louisiana Citizens Property