The Importance of Being Mission-Driven

Not-for-Profit

By Amy Kletch

Mission-challenged nonprofit organizations face many challenges, including closing their doors. In today’s economic environment, there appear to ... read more >

Governor Corbett Anticipates Industrial Revolution in Pennsylvania with Refinery Tax Credit

With the manufacturing tax credit made official, Pennsylvania Governor Corbett’s goal is to “transform Pennsylvania so we’re not only ... read more >

Increasing Use of Interest Rate Swaps by Government

Government

By Joseph Patrick

Government entities are increasing their use of interest rate swaps and incorporating swap products into overall debt and debt management strategies. Given ... read more >

Expanding Markets May Bolster Natural Gas Prices

The implementation of horizontal drilling and hydraulic fracturing techniques in the Marcellus and Utica Shale plays has resulted in natural gas production ... read more >

President Signs Law Providing Pension Funding Relief

ERISA

By Timothy Hammer

President Obama signed a U.S. transportation bill into law on Friday, July 6, 2012 that among other things provides relief to the funding of pension plan ... read more >

College and University Audit Update

In 2008, the Internal Revenue Service Exempt Organization Division initiated a compliance project of college and universities, one of the largest components ... read more >

No Excuse for Noncompliance with the Pennsylvania Constitution When it Comes to Purely Public Charities

A recent Pennsylvania Supreme Court decision ruled that a religious camp, Mesivtah Eitz Chaim of Bobov, Inc. (Mesivtah), failed to qualify as a purely ... read more >

Internal Revenue Service Exempt Organization FY 2011 Annual Report and FY 2012 Work Plan

On February 8, 2012, the Internal Revenue Service posted its FY 2011 Annual Report and FY 2012 Work Plan on www.irs.gov. The Work Plan highlights four ... read more >

IRS Issues Guidance Pertaining to Elections Under Section 83(b)

Tax

By Martin DiGiovine

The Internal Revenue Service recently issued Revenue Procedure 2012-29, which contains sample language that may be used (but is not required to be used) ... read more >

IRS Issues Guidance on Performance-Based Compensation Plans of Publicly Traded Companies

Tax

By Martin DiGiovine

Internal Revenue Code Section 162(m) limits the deduction that publicly held corporations may take for some of their executive salaries in excess of $1,000,000. ... read more >