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Provost, Salter, Harper, & Alford LLC Joins Ericksen Krentel, LLP in Merger

New Orleans, LA — The certified public accounting firms of Ericksen Krentel, LLP and Provost, Salter, Harper, & Alford LLC (PSHA) are pleased to announce that they have merged to create an even more robust firm for their clients. The firm will remain under the...

Defer Taxes with Installment Sales

Selling a property one has owned for a long period of time will frequently result in a large capital gain, and reporting all the gain in one year will generally expose the gain to higher-than-normal capital gains rates and subject the gain to the 3.8% surtax on net...

Taxation and Sales of Inherited Property Get Beneficial Treatment

If you are the recent beneficiary of an inheritance, you may be wondering if you will need to pay tax on the cash, stocks or real property that you received. Generally, the answer is no, and you don’t even need to report the receipt of the inheritance on your income...

Tax Changes Coming After 2025

By now, you have probably gotten used to the provisions in the Tax Cuts and Jobs Act (TCJA) that became effective January 1, 2018. But don’t forget most of the tax changes made by the TCJA are not permanent and will expire (sunset) after 2025. This will have an impact...

IRS: Taxpayers Impacted By Seawater Intrusion In Parts Of Louisiana Qualify For Tax Relief; Various Deadlines Postponed To Feb. 15

WASHINGTON — The Internal Revenue Service today announced tax relief for individuals and businesses affected by seawater intrusion in parts of Louisiana. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make...

We May Never See a Better Environment for Transferring Wealth … Here’s Why

It may seem that there will always be time to address estate planning. However, a unique opportunity to maximize the amount of wealth that can be tax-efficiently passed to heirs will expire at the end of 2025. Furthermore, legislation could curb lifetime exemption...