The IRS successfully cited the partial government shutdown in requesting more time to object to the restructuring of Puerto Rican sales tax bonds as part of its historic bankruptcy-like reorganization.
Laura T. Swain, a Southern District of New York judge sitting in the District of Puerto Rico, Dec. 27 granted the Internal Revenue Service’s motion seeking an extension to file an opposition to the proposed Plan of Adjustment filed by the Financial Oversight and Management Board for Puerto Rico on behalf of the Puerto Rico Sales Tax Financing Corporation, known as Cofina.
The IRS said Dec. 26 that its lawyers ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.