California utility giant PG&E Corp. asked the bankruptcy court to declare invalid the state’s legal doctrine that holds it responsible for fires caused by its equipment regardless of negligence.
The Oct. 25 request, which was joined by its creditors and shareholders’ groups, said applying the doctrine, known as “inverse condemnation,” to utilities is unconstitutional because it amounts to “an unlawful taking without just compensation.”
This question has become increasingly popular on our live chat as individuals invested in real estate age and look to transition into passive real estate investments without tax consequences. Given th
A 1031 Exchange is not a “tax loophole” or a “tax dodge.” It is a tax benefit that helps fuel the ec
Presidential candidate Joe Biden recently announced his proposed tax plan, which seeks to fund a $775 billion child and elder care plan by making several major changes to the Tax Code, including a rep
1031 Exchange Qualified Intermediary – What does “Qualified” Mean? When a group was asked “According to the IRS, what does ‘Qualified’ mean?” in regard to a Qualified Intermediary in a 1031 Exchange,