Oil and Gas Producing Entities
A description of publications available on oil and gas producing entities
Published on June 19, 2013
Health Care Reform and Its Impact in 2014 for Oil and Gas Companies
Oil and gas companies need to be prepared for several provisions of PPACA that go into effect in 2014; the nature of the industry raises some special concerns for oil and...
Published on July 31, 2013
IRS Allows Oil and Gas Company a Bulk Sale Exception
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
The Repair Regulations Considerations for Downstream Oil and Gas Businesses
The oil and gas industry faces numerous challenges in applying the fact-intensive rules of the so-called repair regulations to costs incurred to repair and maintain property during its service life...
Published on May 31, 2013
Final and Reproposed Tangible Property Regs. Broadly Affect Taxpayers in Oil and Gas Industry
The final and reproposed tangible property regulations will significantly affect the oil and gas industry. Specifically, the unit-of-property determination has different implications for oil and gas companies, depending on which segment the companies operate in
Published on December 31, 2013
Sales Tax Incentives Available for Manufacturing and Energy Companies in Numerous States
Many states offer sales tax exemptions to companies that manufacture or are involved in the production or processing of oil and gas
Published on July 31, 2013
AICPA News Update Vol.12 No.40
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
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
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
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