Oil and Gas Producing Entities
Publication:
A description of publications available on oil and gas producing entities
Published on November 30, 2012
IRS Allows Oil and Gas Company a Bulk Sale Exception
Article:
A recent IRS letter ruling provides helpful insights to independent producers of oil and gas that, by claiming allowable percentage depletion deductions, can lower their costs, while at the same time securing contracts for bulk sales of oil and gas with industrial, commercial...
Published on October 04, 2011
AICPA News Update Vol.12 No.40
Newsletter:
Enterprise Risk Management Extends to Board of Directors, AICPA Issues Working Draft of Updated Audit and Accounting Guide, Entities With Oil and Gas Producing Activities, CPA Firm Identity Theft Prevention Program Guidance Released, Resources Available for CPAs to Prepare for H1N1 Outbreaks, Presentation Prepared to Recruit Accounting Students for Work in...
Published on June 24, 2011
Estate May Deduct Interest on Loan Between Two Trusts
Article:
The Tax Court held that an estate could deduct as an administration expense interest incurred when a trust that was part of the estate borrowed funds to enable the estate to pay its federal estate tax.
Published on December 31, 2011
Tax Consequences of the Rush for Natural Gas in the Appalachians
Article:
This item provides an overview of some areas of taxation that taxpayers and their advisers must consider to ensure the most favorable terms if their clients are approached by an energy company seeking a land lease and royalty agreement.
Published on May 02, 2010
Unrelated Business Income from Alternative Investments State Considerations
Article:
This item outlines possible tax compliance issues that nonprofit organizations should consider, particularly the focus from state taxing jurisdictions on unrelated business income generated by alternative investments.
Published on April 17, 2012
Key Topics and Industries
Publication:
Accounting and Auditing Publications are available for a number of industries and key topics.
Published on January 04, 2013
AICPA Guides
Article:
Information regarding the AICPA Guide families.
Published on April 30, 2013
Compilation & Review Guides
Article:
Information regarding the AICPA Compilation and Review Guides.
Published on February 19, 2013
Accounting & Valuation Guides
Article:
Information regarding the AICPA Accounting and Valuation Guides.
Published on April 08, 2013
Audit Guides
Article:
Information regarding the AICPA Audit Guides.
Published on February 19, 2013
Audit & Accounting Guides
Publication:
Information regarding the AICPA Audit and Accounting Guides.
Published on March 12, 2013
Intangible Drilling Cost Preference Exception Not Available When AMTI Is Negative
Article:
In CCA 201235010, the IRS determined that the intangible drilling cost preference exception may not be used in tax years when the taxpayer has negative alternative minimum taxable income.
Published on December 31, 2012
Other Guides
Article:
Information regarding the AICPA General Guides.
Published on February 19, 2013
At-Risk Limitation on Deducting an LLC Members Losses
Article:
This column reviews the at-risk regulations, which are applied at the individual member level to losses passed through from an LLC, with a focus on determining what constitutes a separate activity, how to handle real estate activities, and aggregating at-risk activities.
Published on April 17, 2012