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News/Protests & Claims/Capital Gains, Capital Pains: ASBCA Says Taxes on Gains from Asset Divestitures Are Not Unallowable Reorganization Costs
Claims·Protests & Claims Brief

Capital Gains, Capital Pains: ASBCA Says Taxes on Gains from Asset Divestitures Are Not Unallowable Reorganization Costs

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When a contractor divests business units as part of a merger, are state income taxes on the resulting capital gains unallowable "taxes in connection with" a reorganization?

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Filed UnderASBCA decisioncapital gainscorporate activityFAR 31.205-41income taxesmerger divestiturereorganization coststax liabilitytransaction-specific taxesunallowable taxes
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