by Krystal Kowall, CPA | Construction, Healthcare, Manufacturing, Oil & gas, Real Estate, Tax
In Summary Expansion of the Employee Plan Compliance Resolution System (EPCRS), effective immediately upon enactment, permits employers to self-correct a wider array of eligible inadvertent plan errors without IRS disclosure, including certain plan loan failures.... 
by Mike Dowd | Oil & gas, Tax
In Summary Intangible drilling costs (IDCs), representing 60 to 80 percent of a new well’s expense, include non-salvageable costs like labor and fuel, and, unlike tangible drilling costs, can generally be fully deducted in the year incurred to incentivize risky...