In late August, the Defense Department, General Services Administration, and NASA published a new rule and guidance implementing Executive Order 13673, Fair Pay and Safe Workplaces. The rule goes into effect on October 26, 2016. One positive outcome of the comment period, the required disclosure reporting will be limited to one year and will be phased in over a three-year… Continue reading Contract with the DoD, GSA or NASA? Make sure you review the new “Fair Pay” rule!
In early August, the IRS proposed a regulation, that if adopted as written, will have a significant (possibly up to 50%) increase in the transfer of closely held business interests in the gift and estate tax contexts. The proposed “look back” period is three years, so if you’ve used marketability or “control” as a basis for… Continue reading Proposed regulation will likely raise taxes on closely held business interest transfers