IRS Announces 2017 Marginal Well Credit for Marginally Producing Natural Gas Properties

Natural gas well owners holding an operating interest in a qualified marginal well during 2017 are eligible to claim a $0.51 credit per qualified MCF, ... read more >

Pennsylvania Provides Clarification on Application of Nextel Decision

The Pennsylvania Department of Revenue recently released Corporation Tax Bulletin 2018-02 to clarify its position on the application of the decision issued ... read more >

Climbing AFRs Put Dormant Estate Planning Techniques Back on the Table

When considering federal estate tax planning, one of the most common objectives of the planner is removing assets from the taxpayer’s taxable estate. ... read more >

IRS Intends to Issue Proposed Regulations Regarding the Limit for the Deduction of Business Interest

On April 2, 2018, the Internal Revenue Service ("IRS') issued Notice 2018-28 announcing its intent to issue proposed regulations addressing the ... read more >

What Did Auto Dealers Give Up for 100% Floorplan Interest Deductibility?

There has been a lot of praise for the National Automotive Dealer Association (“NADA”) for lobbying for the 100% deductibility of floorplan ... read more >

Service Providers: Are You Ready for a Post-Quill Sales Tax World?

On April 17, 2018 the United States Supreme Court will hear oral arguments in the case of South Dakota v. Wayfair, Inc. The issue is whether the Supreme ... read more >

Texas and Alabama offer Tax Amnesty

Texas – Beginning May 1 and running through June 29, Texas will offer tax amnesty for liabilities that have not been previously reported to the Comptroller. ... read more >

A Tax Cut and Jobs Act Call for Guidance on Implementing the 20% Qualified Business Income Deduction

The Tax Cuts and Jobs Act (the Act), enacted December 22, 2017, provided many taxpayer-friendly benefits, including a 20% deduction against flow-through ... read more >