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- 05/28/2013
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Section 1031 Exchanges: IRS Private Letter Ruling Provides Buoy for Underwater Real Estate
Bloomberg Real Estate Law and Industry Report
- 04/12/2013
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Conflicting Decisions Cause Uncertainty (and Opportunity) In Confirming Plans in Multi-Debtor Cases
Bloomberg Real Estate Law and Industry Report
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- 05/28/2013
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GSA Agrees to Show Terminated Small Business Contractors The Money…After A Year Long Investigation
If you are a small business that had your Federal Supply Schedule (“FSS”) Contract unilaterally cancelled by the General Services Administration (“GSA”) during the last six years for low sales, you might be in line to receive $2,500 from GSA. You might view that as a surprise Spring bonus (or perhaps Winter, depending on how long it takes GSA to process the payments due), but perhaps you should see it as something else. See here.
- 04/26/2013
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House Resolves to Crack Down On Tax Delinquent Contractors (Again)
After the defeat of similar legislation in the previous session of Congress, the unanimous passage of the Contracting and Tax Accountability Act of 2013 by the House of Representatives may mark a sea change in Washington’s attitude towards tax-delinquent contractors. If approved, the Act would, with a few exceptions, prohibit the award of federal contracts above the simplified acquisition threshold to any contractor with an IRS lien for federal tax debt. The Act is the survivor of a pair of anti-tax delinquency bills before the House; the other, a measure to prohibit federal employment for anyone with outstanding tax debt, failed to secure the necessary two-thirds approval for passage. Yet, as the 407-0 House vote indicates, the contractor portion of the bills enjoys widespread bipartisan support.
