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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,

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

Is your home router hacked?

At Schneider Downs, we understand that cybersecurity threats to our clients will sometimes extend to devices and systems outside their IT purview. As the

New Revenue Procedure for Contributors Making Donation to Tax-Exempt Organizations

New Revenue Procedure 2018-32 modifies, consolidates and supersedes Rev. Proc. 81-6, Rev Proc. 81-7, Rev. Proc. 89-23 and Rev. Proc. 2011-33 in providing
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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.

The Rise of Business Email Compromise Scams

The Rise of Business Email Compromise Scams Business Email Compromise – or BEC – is an increasingly common scam targeting U.S. and European

U.S. Retail Sales on the Rise

U.S. retail sales were on the rise at the beginning of the second quarter. Commerce Department figures showed that there was a 0.8% increase in the value

IRS-Issued Guidance on Blended Corporate Tax Rates

With the new tax law in effect on January 1, 2018, and many corporations having fiscal year-ends that differ from a calendar (December 31) year-end, the
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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

What Can Be Learned From Early Adopters of ASC 606?

Public companies were required to adopt the new revenue recognition standards by January 1, 2018, while private companies have an extra year (January 1,
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