by Ericksen Krentel CPAs | Oct 23, 2023 | News
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...
by Kenny Eldridge | Oct 19, 2023 | News, Tax
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...
by Amanda Waguespack | Oct 19, 2023 | News, Tax
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...
by Kenny Eldridge | Oct 19, 2023 | News, Tax
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...
by Kelly Haden | Oct 2, 2023 | News
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...
by Claude Silverman | Mar 24, 2023 | News
Most of the time an expense that may be tax deductible needs to be paid by the end of the year for which the expense will be claimed. However, there is an exception to that rule. IRA contributions for the prior year can be made after the close of the year if made by...
