On June 11, the IRS released Proposed Treasury Regulations (the Proposed Regulations) under Section 1031 of the Internal Revenue Code, as amended (the Code), which provide a much-awaited definition of “real property” and...more
Last week, the U.S. Congress passed legislation authorizing an additional $310 billion for the Paycheck Protection Program (PPP), as well as an additional $10 billion for Economic Injury Disaster Loan (EIDL) program emergency...more
On April 9, the Internal Revenue Service (IRS) issued Notice 2020-23 (the IRS Notice), which, among other things, provides certain taxpayers with additional time to invest “eligible gain” into a qualified opportunity fund...more
On Thursday, April 9, the Internal Revenue Service (IRS) issued Notice 2020-23 (the IRS Notice), which extends several deadlines, specifically including deadlines regarding Section 1031 “like-kind” exchanges....more