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Expert Analysis - Opinion

La. Taxpayers Deserve Opportunity To Support Deductions

By Jaye Calhoun, William Kolarik and Michael McLoughlin (December 8, 2020, 4:28 PM EST) -- The Louisiana Department of Revenue has recently significantly increased its use of one of its corporate income tax regulations to disallow legitimate interest expense deductions. Clients have recently been reaching out to us concerned with outsized audit adjustments based on the disallowance of interest expense deductions clearly incurred to produce apportionable income....

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