What is the 637 Registration Program

Serving as manager of Pinnacle Fuel LLC, accomplished business executive Eitan Misulovin takes charge of the company’s chain of operations. Eitan Misulovin’s responsibilities include business development, procurement, marketing and distribution. As a large supplier of petroleum products, Pinnacle is a registered 637 Program party.

Under the Internal Revenue Code, all entities that engage in activities that relate to excise tax must obtain registration with the Internal Revenue Service (IRS) before starting those activities. On the other hand, in order to receive the benefits of the excise tax, whether in buying or selling tax-free goods or filing an excise tax claim, all entities must first obtain registration with the IRS as well. To apply under this program, the entity must submit a duly accomplished IRS Form 637, also known as Application for Registration (For Certain Excise Tax Activities).

In the IRS Form 637, the applicant finds a list of activities allowed to register under the program. The applicant may apply and be approved for its relevant activities accordingly. To be registered and retained under the program, registered entities must continuously comply with the standards and rules, which the IRS refers to as “registration tests.” Depending on an entity’s activity, registration tests may include periodic audits by the government, as well as surprised inspection of the business premises during normal operating hours. Ongoing reporting of activities with proper approved counterparts is a requirement. Further, compliance with the stringent rules and regulations set forth by the government are keys to the benefits of ownership and use of Form 637 for approved parties.

Classifications of Oil

Eitan Misulovin, manager at Pinnacle Fuel LLC, has worked as a merchant trader of physical petroleum products for more than 15 years. In his work at the New York-based company, Eitan Misulovin covers a wide range of petroleum products for sales and distribution to major commodity and oil companies, as well as crude oil and related blend stocks.

Crude oil usually receives its classification based on the production location, but even within locations, oils can differ. Further classification uses the density of the petroleum as well as its non-hydrocarbon components, which in turn factors into the price of a given barrel of oil. While different types of oil are not necessarily better than one another, they have different applications, which can drive demand.

Barrels of oil can be termed sweet or sour and light or heavy. A sweet barrel of oil possesses relatively little sulfur compared to a sour barrel. High-density petroleum, with many long-chain hydrocarbons or high carbon content, is referred to as heavy, while lower-density oils or those with more hydrogen than carbon are called light.

Hofstra Law Forms Partnership with Northwell Health

Eitan Misulovin started his legal career in 2003, serving as a practicing attorney at the New York based law firm of Bernstein Litowitz Berger & Grossmann LLP. Eitan Misulovin holds a juris doctor and an MBA from Hofstra University, which recently announced a community partnership with Northwell Health.

The Maurice A. Deane School of Law at Hofstra University is partnering with Northwell Health to create the Medical-Legal Partnership (MLP), which will offer legal assistance to people with social challenges that lead to poor health, including disabilities, immigration status and denial of insurance coverage. Law students will work under the supervision of an attorney to provide referrals and legal services to children and adults who cannot afford to pay.

Emphasizing education, the MLP will train attorneys and educate doctors on the numerous social factors that affect their patients’ health. With this grant-funded program, Hofstra law students will have the opportunity to address health care disparities by fighting social inequality in the community.