A federal lawsuit in New York that involves Racketeer Influenced Corrupt Organizations Act ("RICO") claims is one of the latest developments in the United States Green Building Council’s ("USGBC") development and administration of the LEED™ building ratings system. The lawsuit appears highly contentious to say the least. Plaintiffs Henry Gifford and Gifford Fuel Saving, Inc. initiated a class
Chinese Drywall Developments
To follow up on a series of prior posts, the Internal Revenue Service will now allow taxpayers with defective drywall to deduct the cost of repairs and replacement of damaged appliances in the year in which the loss occurred. In Revenue Procedure 2010-36, the IRS has, however, imposed certain restrictions which include that the