Claiming a Bad-Debt Deduction for a Shareholder Loan to a Corporation

Tax

By Mark DiPietrantonio

If a shareholder's loan to a corporation becomes worthless, the debt must be considered bona fide to qualify for a bad-debt deduction [Reg. 1.166-1(c)]. ... read more >

Hurricane Sandy, I Want to Help: Is My Contribution Tax-Deductible?

Tax

By Maureen Thomas

The East Coast and parts of the Midwest have been devastated by Hurricane Sandy. The storm system was nearly 1,000 miles wide at times and in addition ... read more >

Should You File a Protective Refund Claim in California?

In light of a recent decision handed down by the Court of Appeal of California (the Court) regarding California’s mandated apportionment methodology, ... read more >

Marcellus Shale Coalition

On Wednesday, October 17, 2012, Schneider Downs representatives attended the Third Annual Meeting of the Marcellus Shale Coalition (MSC) at the Carnegie ... read more >

Pennsylvania Seeks Its Share of Mineral Leases

The recently enacted Indigenous Mineral Resources Incentives Development Act (“Act”), Senate Bill 367, expands and clarifies the rules involving ... read more >

Drop Shipments: Are You Liable for Sales Tax?

In the past few years, states have made numerous changes in statutes and regulations regarding the treatment of third-party drop shipment transactions. ... read more >

Preparing for a Service Organization Control (SOC) Report : Establishing the Examination Requirements and Preparation Tactics

SSAE 18/SOC

By Heather Haemer

A SOC examination (SOC 1/SSAE 16, SOC 2 and SOC 3) is often requested by organizations (“user entities”) that receive significant services ... read more >

Redevelopment of Former Columbus City Center Continues

Construction

By Matt McKinnon

Early last month, ground was broken on the next phase of the former Columbus City Center mall. After demolition in late 2009, an urban park and green space ... read more >

Record Drop in Construction Spending

Construction

By Matt McKinnon

According to the U.S. Department of Commerce, the largest drop in construction spending in over a year was recorded in August 2012. The government report ... read more >