Addendum – Estimated Tax Payments: Just after our article went to press, we received some informal guidance from the DOR regarding estimated tax payments that presents a bit of a conundrum for those considering the PTE election. As explained below, it may be necessary to make duplicate estimated payments at both the entity
Katie Friel, a partner in the New Orleans office, published an article entitled “‘Polychim’ Puts Louisiana Corporate Franchise Tax Against the Ropes,” in the July 17, 2015 edition of Bloomberg BNA’s Daily Tax Report. In the article, Katie examines the Louisiana First Circuit Court of Appeal’s new ruling in Bridges v. Polychim USA, Inc.