New Mexico recently enacted legislation qualifying pass-through entities to make an annual election to pay an entity-level state tax for taxable years beginning on or after January 1, 2022. Here’s what it means for your oil...more
6/1/2022
/ Exceptions ,
Income Taxes ,
Limited Liability Company (LLC) ,
Oil & Gas ,
Partnerships ,
Pass-Through Entities ,
Required Forms ,
State Taxes ,
Tax Exempt Entities ,
Tax Returns ,
Withholding Tax
Find out why upstream oil and gas investors should take into account income tax considerations during and after a restructuring event. ...more
The Tax Cuts and Jobs Act of 2017 (“The Act”) is just over a year old and tax practitioners, taxpayers and commentators are still working to digest the actual effect of many of its sweeping changes. While one of the central...more
On May 28, 2014, FASB and IASB jointly announced new financial accounting standards for revenue recognition, titled “Revenue from Contracts with Customers (Topic 606).” For publicly-traded entities, Topic 606 was required to...more
6/8/2018
/ Accounting Standards ,
Business Entities ,
Business Taxes ,
Corporate Taxes ,
FASB ,
Financial Accounting ,
Financial Statements ,
IASB ,
Income Taxes ,
IRS ,
New Rules ,
Publicly-Traded Companies ,
Tax Cuts and Jobs Act