The Internal Revenue Service (“IRS”) announced a new electronic filing platform for Form 15620 to make an election pursuant to Section 83(b) of the Tax Code. 83(b) elections allow a taxpayer who receives equity compensation in a business that is subject to a substantial risk of forfeiture, such as a vesting agreement, to claim the
Last week, the Louisiana Department of Revenue (the “Department”) issued guidance regarding recent sales and use tax law changes.
The Louisiana Department of Revenue (LDR) recently issued Louisiana Revenue Information Bulletin No. 25-022, 08/08/2025, announcing changes to the sales tax exemption for certain purchases made by construction contractors.
Exemption for certain construction contracts
During the 2025 Regular Session, the Louisiana Legislature extended the sales tax exemption to certain purchases by general contractors and
The Court of Chancery of Delaware recently validated the Delaware asset protection trust laws and rejected a creditor’s attempt to seize assets held in a Delaware asset protection trust in order to enforce a $14 million judgment from Michigan against the trust’s grantor. In the Matter of the CES 2007 Trust. The creditor alleged that
On December 30, 2024, the Department of the Treasury (the “Department”) finalized regulations regarding information reporting by brokers who operate decentralized finance (DeFi) platforms in T.D. 10021.
President Trump signed the “Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025” (the “GENIUS Act” or the “Act”) into law on July 18, 2025, providing a comprehensive framework for regulating the issuance, sale, exchange, and oversight of stablecoins used for payments. Enacted by bipartisan vote, this legislation is a significant step in
On July 4, 2025, the President of the United States signed the One Big Beautiful Bill (the “Bill”), which included significant taxing and spending modifications. To pay for extending certain tax cuts and other changes, the bill adds an Adjusted Gross Income (“AGI”) floor for charitable contribution deductions for both individuals and corporations.
President Donald J. Trump signed the “One Big Beautiful Bill Act”, H.R. 1, 119th Cong., on July 4th, just one day after the House passed it on a 218-214 vote.
Governor Jeff Landry signed Act 384 into law on June 20, 2025, making changes to the sales and use tax provisions of the revised statutes. Included in the changes was an amendment to Section 305.1 of Title 47, which provides an exemption for certain vessel-related supplies and services. The ships and ships’ supplies exemption has
Despite voters rejecting several tax-related constitutional amendments in a March referendum, the Louisiana Legislature has approved two new amendments to appear on the ballot next April. The two amendments would afford the Legislature more flexibility in developing budgets and making tax changes.