The IRS's plan to revoke recently issued disclosure regulations relating to partnership basis-adjustment transactions has advanced to White House review...

The Internal Revenue Service ("IRS") has issued Notice 2025-55 granting temporary penalty relief to remittance transfer providers under new Internal Revenue Code section 4475...

The IRS has reversed its 2024 policy and will now issue private letter rulings on significant issues in corporate reorganizations and spin-offs, allowing taxpayers to request guidance on discrete legal matters rather than entire transaction structures.

The Louisiana Department of Revenue has issued a revised version of Revenue Information Bulletin No. 25-023, originally published in August 2025, to provide additional procedural guidance on how general contractors...

On March 27, 2026, the Louisiana Department of Revenue issued Revenue Information Bulletin No. 26-011 ("RIB 26-011"), providing important administrative guidance on recent legislative changes to Louisiana's...

In response to the 2024 Third Extraordinary Session to address state tax reform, the Louisiana Department of Revenue (the "Department") issued Revenue Information Bulletin No. 25-009...

On October 24, 2025, the Louisiana Department of Revenue ("LDR") issued a new Revenue Information Bulletin (RIB) providing detailed guidance on how state sales tax and occupancy taxes must be reported on accommodations...

The Capital Construction Fund ("CCF") program is a joint program of the Internal Revenue Service and the United States Maritime Administration...

On June 17, 2024, the IRS published Revenue Ruling 2024-14 as part of a package it says will raise an additional $50 billion dollars of income taxes...

A recent Tax Court decision underscores that even a thriving, mission-driven business cannot outrun basic tax compliance. In Branch v. Commissioner, the court sustained the bulk of a multi-million-dollar deficiency...

The Orleans Parish Assessor's Office has announced that all businesses operating in Orleans Parish should have received their annual...

A recent decision from the United States District Court for the Southern District of Florida offers a cautionary tale for estate planners who rely on Qualified Personal Residence Trusts (QPRTs) and the interplay between state homestead protections and federal estate tax inclusion rules.

Taxpayers taxed as C corporations for federal income tax purposes, and estates and trusts subject to tax levied in R.S. 47:300.1 are prohibited from earning the inventory tax credit (ITC) against state taxes...

On June 5, 2025, the U.S. Supreme Court unanimously ruled that Wisconsin violated the First Amendment of the United States Constitution by denying a Catholic...

The Treasury Department formally declined a request from a group of Senate Democrats to change the tax rules governing how employees value personal use of employer-provided aircraft, preserving the Standard Industry Fare Level (SIFL) valuation method.

The U.S. Department of the Treasury recently announced a new compliance initiative aimed at increasing transparency among tax-exempt organizations.

On July 22, 2026, the House narrowly approved the FY27 National Defense Authorization Act (H.R. 8800) by a vote of 216 to 212, sending the measure to the Senate. Tucked inside the massive defense policy bill are two amendments that, together, amount to the broadest rewrite of federal maritime law in a generation.

The Treasury Department and IRS issued final regulations implementing the new deduction for qualified passenger vehicle loan interest (QPVLI), a temporary benefit created by the One, Big, Beautiful Bill Act (OBBBA) that allows individuals to deduct up to $10,000 of interest paid on certain auto loans, even if they do not itemize deductions. The final rules largely adopt the proposed regulations issued in January 2026 but include clarifications in response to public comments received by the Treasury Department.

The IRS has issued guidance on whether transactions involving a family-owned corporation, revocable trusts, and a private foundation constitute prohibited self-dealing under Internal Revenue Code § 4941.

The Department of the Treasury and the Internal Revenue Service have issued final regulations addressing reporting obligations for certain tax-free exchanges of life insurance contracts under Internal Revenue Code...