Fewer vehicles to qualify for clean vehicle credit in the short term
(authored by RSM US LLP) New rules for EV credit reduce the number of eligible models after Apr. 17, 2023. The list of eligible models is likely to grow.
Health savings account benefits for employees and employers
(authored by RSM US LLP) Employee interest in health savings accounts (HSAs) has increased so employers should understand the benefits of offering them to employees.
IRS issues proposed regulations on micro-captive transactions
(authored by RSM US LLP) Micro-captive insurance transactions are reportable transactions under Treasury’s new Proposed Regulations, which obsolete Notice 2016-66.
IRS releases spending plan for $80 billion IRA funds
(authored by RSM US LLP) The IRS issued an ambitious strategic operating plan for spending $80 billion in additional funding provided by the Inflation Reduction Act.
Tax Court denies bad debt deduction; advances were equity and not debt
(authored by RSM US LLP) Taxpayers intending to treat cash advances as debt for tax purpose should ensure the debt is properly documented, as illustrated by a recent ruling.
Tax Director Authors Article for CityBusiness
Jennifer Bordes, Tax Director at LaPorte, recently authored an article on estate planning for New Orleans CityBusiness. Jennifer is the leader of LaPorte’s Estate Planning
2022 Year-End Tax Considerations
2022 brought legislative changes and other tax concerns that may affect year-end planning. Whether you are planning for a business or for your family, there
What’s In the 2022 Inflation Reduction Act?
On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022. This bill, which was initially written as a successor to
IRS Offers New Extension Date to Victims of Hurricane Ida
The IRS has extended the deadline to file various individual and business tax returns and to make tax payments for victims of Hurricane Ida. The
Estate and Gift Taxes: Trying to Predict the Future
As Congress continues to negotiate the Build Back Better Act (BBBA) and changes to estate and gift tax provisions are being considered, many Americans are
Louisiana: Road to Recovery (Update 9/14/21)
Our thoughts and prayers are with our clients, friends, employees, and all members of our communities impacted by Hurricane Ida. Our Louisiana offices in Covington,
Final Section 1031 Regulations Passed – What This Means for Like-Kind Exchanges
Even though the Tax Cuts and Jobs Act (TCJA) was signed into law at the end of 2017, many of its provisions are still being