New Tax Amnesty Program in Illinois

The governor of Illinois, Pat Quinn, signed into law an amnesty program for outstanding Illinois taxes. The amnesty program runs from October 1, 2010 ... read more >

What's the Difference? SSAE 16 vs. SAS 70

SSAE 18/SOC

By Holly Russo

In April 2010, the AICPA issued Statement on Standards for Attestation Engagements (SSAE) 16, titled Reporting on Controls at a Service Organization, which ... read more >

Oil and Gas Industry Update - State and Local Tax Considerations

This article was written by Mark Rossetti and Matt Dodge - State and Local Tax The recent development in the natural gas industry of drilling in Marcellus ... read more >

Taxation of Dispositions of Oil and Gas Interests

The current interest of investors and/or developers in gaining access to the Marcellus Shale has provided numerous landowners with formal offers to either ... read more >

Dechert LLP v. Pennsylvania, Supreme Court of Pennsylvania - Ruling on Canned Computer Software

Tax

By Matthew Dodge

The Supreme Court of Pennsylvania, on July 20, 2010, in the case of Dechert LLP v. Pennsylvania affirmed the Commonwealth Court’s decision stating ... read more >

Expiration of Tax Benefits in Keystone Opportunity Zones

The tax benefits related to some Keystone Opportunity Zones (KOZ), Keystone Opportunity Expansion Zones (KOEZ), and Keystone Opportunity Improvement Zones ... read more >

Oil and Gas Valuations

Valuations of any business or asset can be complicated and the valuation of oil and gas interests or companies is no exception. While valuing oil and gas ... read more >

Oil and Gas Disputes Regarding Post-Production Costs

The Marcellus Shale continues to make news headlines because it offers one of the largest economic opportunities to our region in years. However, whenever ... read more >

Oil and Gas Industry Update - Manufacturer's Deduction

The oil and gas industry has recently come under fire from the Obama Administration. Over the past year, the Administration has proposed levying $40 billion ... read more >

Asset Retirement Obligations and the Impact on Oil and Gas Financial Statements

Once upon a time, oil and gas-producing companies would look at estimated salvage value from production equipment as compared to estimated costs to plug ... read more >