Marginal Well Credit Creates Major Opportunity to Reduce Taxes
The marginal well credit (MWC), generally unavailable since its enactment in the early 2000s due to price limitations, is now available for natural gas
The Internal Revenue Service (IRS) recently issued a News Release (IR 2017-198) to heighten awareness of identity theft toward small businesses. In the
IRS Implements Stricter Identity Proofing Process for E-Service Users
As data protection grabs center stage in our increasingly digital world, the IRS has taken steps to enhance its own digital regulation policies. One such
Annual Oil and Gas Update Sheds Light on Current State of the Industry
The oil and gas industry in the United States has been somewhat depressed of late, with a decline in the number of active rigs from the record highs of
On December 29, the Internal Revenue Service (IRS) and Treasury Department published Notice 2018-07 (Notice), providing guidance for computing the “transition
Dan Desko contributed to this article. At Schneider Downs, many of our clients have been reaching out and asking for advice on how to deal with the recently
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