The Energy Law

OCTOBER 13, 2023

4 However, only ships carrying more than 2,000 tons of oil are required to carry insurance for oil pollution. Similar to OPA 90, vessels required to carry insurance must carry enough to cover their potential liability for an oil spill. But what happens when a vessel spills oil in the territorial waters of another country?

Oil 105

Oil Insurance Operator E&A 105

The Energy Law

NOVEMBER 26, 2018

Most states include a similar definition. However, the SEC and most courts have limited this exemption to providing information on broad classes of assets and the referral to a particular advisor would be outside of this definition. For many investment advisers, CPAs are a big source of referrals.

E&A 40

E&A Insurance Education Engineer 40

The Energy Law

FEBRUARY 17, 2021

The preliminary definition of a “reporting company” includes corporations, limited liability companies, and other similar entities that are created by filing a document with the secretary of state (or an equivalent office) of any state, or are formed under foreign law and are registered to do business in the United States in a like manner.

E&A 52

E&A IT Completion Government 52

The Energy Law

JULY 2, 2020

Expanded Definition of Qualified Individual IRS Notice 2020-50 expands the CARES Act definition of a qualified individual who is eligible for CRDs, loans, and loan payment suspension. For more information on these CARES Act topics see our prior newsletter here.

E&A 40

E&A E&P Insurance IT 40

The Energy Law

FEBRUARY 17, 2021

The preliminary definition of a “reporting company” includes corporations, limited liability companies, and other similar entities that are created by filing a document with the secretary of state (or an equivalent office) of any state, or are formed under foreign law and are registered to do business in the United States in a like manner.

E&A 40

E&A IT Completion Government 40

The Energy Law

MARCH 25, 2019

The TCJA changed this definition so that certain amounts spent by an EO on qualified transportation fringe benefits ( e.g. employee parking) are treated as UBTI. New Tax on Employee Parking EOs pay federal income taxes on their UBTI at a 21% rate. If so, the EO’s costs up to $260 per month per employee will be subject to the new tax.

E&A 40

E&A Transportation Insurance Maintenance 40