9/23/2026 6:16:36 PM City of New Orleans Announces Sales Tax Amnesty Program By Caroline Lafourcade Bob Angelico Leon Rittenberg III Kevin Naccari +1 more... Show less The City of New Orleans Department of Finance recently announced that it is offering a Sales Tax Amnesty Program for businesses to pay...
9/18/2026 2:08:37 PM Second Circuit Furthers Circuit Split by Affirming Functional Test for "Limited Partner" Self-Employment Tax Exception By Leon Rittenberg III Caroline Lafourcade Kevin Naccari The Second Circuit has affirmed the Tax Court's rulings against Soroban Capital Partners LP, holding that the firm's three principals...
9/18/2026 2:08:07 PM Louisiana Fourth Circuit Holds City Must Pay $8.2 Million Tax Refund Judgment, Rejects Appropriation Defense By Bob Angelico Leon Rittenberg III Caroline Lafourcade Kevin Naccari +1 more... Show less On September 10, in Monahan v. City of New Orleans, No. 2025-CA-0757, the Louisiana Fourth Circuit Court of Appeal affirmed a district...
9/11/2026 3:08:07 PM FASB's New Fair Value Standard May Bolster Marketability Discounts in Estate Planning By Leon Rittenberg III Caroline Lafourcade Kevin Naccari The Financial Accounting Standards Board issued Accounting Standards Update 2026-03, Fair Value Measurement (Topic 820): Investment...
9/10/2026 4:41:07 PM IRS Finalizes Rules on the New Car Loan Interest Deduction By Leon Rittenberg III Caroline Lafourcade Kevin Naccari The Treasury Department and IRS issued final regulations implementing the new deduction for qualified passenger vehicle loan interest...
9/4/2026 7:45:07 PM Treasury Declines to Close the SIFL Private Jet Valuation Loophole By Leon Rittenberg III Caroline Lafourcade Kevin Naccari The Treasury Department formally declined a request from a group of Senate Democrats to change the tax rules governing how employees...
9/4/2026 2:14:37 PM Tax Court Finds IRS Revenue Agent Liable for Civil Fraud Penalty By Leon Rittenberg III Caroline Lafourcade Kevin Naccari The United States Tax Court recently issued a reminder that tax sophistication can support a finding of civil fraud. In Janangelo v....
9/2/2026 3:03:38 PM MARAD Overhauls Title XI Vessel and Shipyard Financing Regulations By Leon Rittenberg III Kevin Naccari On August 28, 2026, the Maritime Administration (MARAD) published an interim final rule rewriting the regulations governing the Vessel...
8/21/2026 6:08:07 PM QPRTs, Homestead Exemptions, and the Estate Tax Basis Trap: Lessons from Palermo v. United States By Leon Rittenberg III Caroline Lafourcade Kevin Naccari A recent decision from the United States District Court for the Southern District of Florida offers a cautionary tale for estate planners...
8/18/2026 5:27:36 PM D.C. Circuit Upholds EPA’s Designation of PFOA and PFOS as CERCLA Hazardous Substances By Michael Mims On August 18, 2026, the D.C. Circuit handed EPA a clean win on one of the most consequential environmental rules of the decade. In...
8/17/2026 4:21:07 PM IRS Proposes to Ease Form 1041-A Filing Burden for Trusts With Passthrough Charitable Deductions By Leon Rittenberg III Caroline Lafourcade Kevin Naccari The Treasury Department and IRS have issued proposed regulations that would eliminate an information-return filing requirement for...
8/14/2026 8:44:38 PM Fifth Circuit Narrows Limited Partner Tax Exemption in Revised Ruling By Leon Rittenberg III Caroline Lafourcade Kevin Naccari The US Court of Appeals for the Fifth Circuit has quietly rewritten the rules for who counts as a "limited partner" exempt from...
8/12/2026 12:08:08 AM Treasury Finalizes Rollback of Corporate Transparency Act Reporting Requirements By Leon Rittenberg III Caroline Lafourcade Kevin Naccari The Treasury Department permanently scaled back the beneficial ownership reporting obligations that the Corporate Transparency Act (CTA)...
8/10/2026 4:52:41 PM Tax Court Rejects Reeds' Deduction Claims Over Poor Recordkeeping and Commingled Funds By Leon Rittenberg III Caroline Lafourcade Kevin Naccari On August 5, 2026, the Tax Court issued its decision in Reed v. Commissioner, T.C. Memo. 2026-64, sustaining most of the IRS's...
8/7/2026 10:50:37 PM IRS Updates Guidance on the "No Tax on Overtime" Deduction By Leon Rittenberg III Caroline Lafourcade Kevin Naccari On August 6, 2026, the IRS released Fact Sheet 2026-13, an expanded set of FAQs on the qualified overtime compensation deduction created...
7/29/2026 5:00:36 PM House Advances Sweeping Maritime Reforms in FY27 Defense Bill By Leon Rittenberg III Kevin Naccari 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...