IRS Announces Disagreement with Ninth Circuit’s Holding on Completed Contract Method of Accounting


The IRS recently announced its disagreement with the Ninth Circuit’s ruling that, with respect to planned communities, the 95% test under the completed contract method of accounting applies on a development-wide basis rather than a contract-by-contract basis.
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IRS Issues Guidance on “Placed in Service” Date for Retail Stores


The IRS recently announced its disagreement with the ruling of the U.S. District Court for the Western District of Louisiana, that a retail store building could be considered “placed in service” before the retail store was open to the public for an income-producing use.
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Minibonds


The City of Cambridge, Massachusetts recently sold $2,000,000 of community sourced-minibonds (the “Community Bonds”) to finance various capital projects, including school building renovations and street and sidewalk improvements.
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Sexual Orientation Discrimination Is Sex Discrimination in Employment, Seventh Circuit Says


The stage has been set for the Supreme Court to consider whether sexual orientation is protected sex discrimination under Title VII of the Civil Rights Act of 1964 (“Title VII”).
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Baltimore’s Homeless Youth: The Cost of Eliminating the Low-Income Housing Tax Credit Market


The Low-Income Housing Tax Credit (“LIHTC”) is one of the most important resources for creating affordable housing in the United States today.
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