Many private companies were formed years ago using what was known as a Subchapter S election, which refers to the optional treatment of an otherwise taxable C corporation as (generally) a passthrough entity. These structures...more
Find out why some energy companies are considering potential oil and gas impairments amid low oil and gas pricing, and what key considerations go into conducting these impairments in order to comply with debt covenants and...more
2/14/2020
/ Business Assets ,
Corporate Governance ,
Corporate Taxes ,
Crude Oil ,
Disclosure Requirements ,
Financial Statements ,
Future Impairment ,
Futures ,
GAAP ,
Natural Gas ,
Oil & Gas ,
Privately Held Corporations ,
Property Valuation ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Valuation
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