Tag Archives: LLC

IRS Rules (Again) That Taxpayers Are Not Entitled to Claimed Refined Coal Credits

In a highly-anticipated Technical Advice Memorandum (TAM) dated March 23, 2017 and released on July 21, 2017, the Internal Revenue Service (IRS) ruled that two taxpayers who had invested in a Limited Liability Company that owned and operated a refined coal facility (the LLC) were not entitled to refined coal production credits they had claimed … Continue Reading

Recent Court Decisions May Affect Hydraulic Fracturing in New York and Ohio

by James A. Pardo and Brandon H. Barnes Three recent court decisions could affect parties with an interest in hydraulic fracturing, particularly in New York and Ohio.  Two New York courts held that New York’s Oil & Gas Law does not preempt local zoning ordinances that completely ban hydraulic fracturing, and an Ohio court issued … Continue Reading