Marcellus Shale Revenue: Boon or Bust for Exempt Social Clubs

The largely untapped natural gas reserves in the Marcellus Shale formation has resulted in tremendous interest in the exploration, development and drilling ... read more >

Bulk Sale Purchases and Seller's Tax Liability

When purchasing the assets of another business, purchasers must be aware of the respective state’s bulk sale provisions. Most states have laws and ... read more >

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


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


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 >