Expanding Markets May Bolster Natural Gas Prices

The implementation of horizontal drilling and hydraulic fracturing techniques in the Marcellus and Utica Shale plays has resulted in natural gas production ... read more >

President Signs Law Providing Pension Funding Relief

ERISA

By Timothy Hammer

President Obama signed a U.S. transportation bill into law on Friday, July 6, 2012 that among other things provides relief to the funding of pension plan ... read more >

College and University Audit Update

In 2008, the Internal Revenue Service Exempt Organization Division initiated a compliance project of college and universities, one of the largest components ... read more >

No Excuse for Noncompliance with the Pennsylvania Constitution When it Comes to Purely Public Charities

A recent Pennsylvania Supreme Court decision ruled that a religious camp, Mesivtah Eitz Chaim of Bobov, Inc. (Mesivtah), failed to qualify as a purely ... read more >

Internal Revenue Service Exempt Organization FY 2011 Annual Report and FY 2012 Work Plan

On February 8, 2012, the Internal Revenue Service posted its FY 2011 Annual Report and FY 2012 Work Plan on www.irs.gov. The Work Plan highlights four ... read more >

IRS Issues Guidance Pertaining to Elections Under Section 83(b)

Tax

By Martin DiGiovine

The Internal Revenue Service recently issued Revenue Procedure 2012-29, which contains sample language that may be used (but is not required to be used) ... read more >

IRS Issues Guidance on Performance-Based Compensation Plans of Publicly Traded Companies

Tax

By Martin DiGiovine

Internal Revenue Code Section 162(m) limits the deduction that publicly held corporations may take for some of their executive salaries in excess of $1,000,000. ... read more >

Manufacturing Activity Slows

Several recent surveys have indicated that manufacturing activity in the U.S. has begun to slow. For the first time since 2009, the Institute for Supply ... read more >

Court Backs EPA on Greenhouse Gas Emissions Limits

On June 26th, a federal appeals court upheld a finding by the Environmental Protection Agency (EPA) regarding greenhouse gas emissions limits. This ruling ... read more >

IRS Announces Efforts to Help U.S. Citizens Overseas Including Dual Citizens and Those with Foreign Retirement Plans

The Internal Revenue Service recently announced a plan to help U.S. citizens residing overseas, including dual citizens, catch up with tax filing obligations ... read more >