Comments on President Obama's proposal to increase lending limits on SBA loans

Considering the billions of dollars being doled out under the American Recovery & Reinvestment Act, it didn't appear as though Congress or the Obama administration really viewed the SBA as playing a significant role in the economic recovery. Under the ARRA only $730 million was allocated to the SBA so that it could temporarily waive fees and increase its guarantees to SBA lenders.

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Section 1031 Tax-Deferred Exchange Transactions: Property Held for Investment Purposes - Tax Court Guidance

A taxpayer must satisfy a number of requirements in order to benefit from the non-recognition of capital gain provided for in Section 1031 of the Internal Revenue Code. One significant (and until recently, perplexing) requirement contained in Section 1031 is that the exchanged properties be held "either for productive use in a trade or business or for investment."

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