IRS Releases New Repair and Capitalization Regulations for 2012

Tax

By Paul Matvey

The Internal Revenue Service recently released regulations designed to reduce the uncertainties and controversies that have existed for some time regarding ... read more >

Natural Gas Market Prices and the Related Market Outlook

Natural gas prices on the New York Mercantile Exchange (NYMEX) front-month Henry Hub futures index settled at $2.35 per million British Thermal Units (MMBtu) ... read more >

Act 32 and Distressed Municipalities

If the new withholding requirements were not challenging enough, employers may find fulfilling their responsibilities for distressed municipalities even ... read more >

Pennsylvania Employers Receive an Unwelcome Surprise on Federal Unemployment Tax (FUTA)

Tax

By Thomas Lisak

PA employers are learning that their Federal Unemployment Tax (FUTA) for 2011 is greater than they anticipated, even though the FUTA tax rate decreased ... read more >

Will Compressed Natural Gas (CNG) Fueling Stations Become the Modern Day Gas Station?

Since Giant Eagle, Inc. unveiled what it maintains are the first two publicly accessible compressed natural gas (CNG) fueling stations in Crafton, PA and ... read more >

The End of the Delaware Holding Company "Loophole"?

For many years, Pennsylvania taxpayers have heard the calls and threats to end the Delaware Holding Company “loophole.” In this time of significant budget challenges, the ability of taxpayers to shift income out of the Commonwealth of Pennsylvania to tax advantageous jurisdictions (e.g., Delaware or Nevada) may be nearing its end.... read more >

Will The Research Tax Credit Survive?

The Research Tax Credit has been a long-standing provision in the Tax Code originally introduced by the Economic Recovery Act of 1981. Since then its survival ... read more >

Spain Announces Tax Increases as Response to Larger Deficit

The victorious People’s Party (conservative party) that took over Spain’s government December 22 has announced that the county’s deficit ... read more >

Pennsylvania Intangible Drilling Cost on Oil and Gas Operators

The expansion of natural gas drilling in the Marcellus Shale regions of Pennsylvania has not only caught the attention of conservationists and environmentalists ... read more >

Pounding Square Pegs Into Round Holes - Pennsylvania Supreme Court Rules That MRI Machines are Tangible Personal Property Upon Installation

In December 2011, the Pennsylvania Supreme Court (“the Court”) issued an opinion in the case of North East Imaging Center v. Commonwealth of ... read more >