Peter M Fass

February 05, 2014 | New York Law Journal

In his Real Estate Securities column, Proskauer Rose partner Peter M. Fass discusses, in the context of a real estate workout involving a partnership or limited liability company, the tax considerations when a property has liabilities in excess of the tax basis of the property.

By Peter M. Fass

10 minute read

December 04, 2013 | New York Law Journal

In his Real Estate Securities column, Peter M. Fass, a partner at Proskauer Rose, considers the tax consequences of a partnership or LLC continuing to hold a property in a real estate workout, buying time for investor actions at the individual partner level, selling it, resulting in a taxable gain or loss, or deferring gain recognition to the partners through an "installment sale."

By Peter M. Fass

8 minute read

February 03, 2010 | New York Law Journal

Order Reimposing Amended Restitution Amount Upheld; Victim and Witness Protection Act Satisfied

By Peter M. Fass

2 minute read

February 02, 2010 | The Legal Intelligencer

The Allegheny County sheriff is investigating what could be a death threat against a county judge spray-painted on the outside of the courthouse in Pittsburgh.

By Peter M. Fass

1 minute read

October 02, 2013 | New York Law Journal

In his Real Estate Securities column, Proskauer Rose partner Peter M. Fass discusses the tax consequences of an involuntary or voluntary conveyance of a partnership or limited liability company interest to its creditors, or the abandonment of the interest.

By Peter M. Fass

9 minute read

August 07, 2013 | New York Law Journal

In his Real Estate Securities column, Proskauer Rose partner Peter M. Fass discusses the tax consequences resulting to the individual partner or limited liability company when the interest in a partnership or LLC that owns real property used to secure a loan that defaults is either contributed to charity, gifted to a family member or held until death of the owner.

By Peter M. Fass

7 minute read

December 05, 2012 | New York Law Journal

Peter M. Fass, a partner at Proskauer Rose, writes that the 704(b) Regulations provide no guidance or discussion as to how COD Income should be allocated by a partnership or LLC among its partners or members.

By Peter M. Fass

8 minute read

June 05, 2013 | New York Law Journal

Peter M. Fass, a partner at Proskauer Rose, continues his review of the considerations for the individual partners and LLC members owning an interest in a partnership or LLC owning real property that secures a loan (a troubled investment) which loan defaults or is restructured, with a discussion of holding or selling the interest.

By Peter M. Fass

6 minute read

August 03, 2012 | New York Law Journal

In his Real Estate Securities column, Peter M. Fass, a partner at Proskauer Rose, writes: Most real estate projects are owned by either a partnership, either general or limited, or a limited liability company, all of which are governed by the provisions of subchapter K of the Internal Revenue Code. Any restructuring or workout of a troubled loan must be tested under the Code partnership tax provisions to determine whether there are any adverse tax consequences. This column discusses Code Section 752 and the troubled loan.

By Peter M. Fass

9 minute read

April 03, 2013 | New York Law Journal

In his Real Estate Securities column, Proskauer Rose partner Peter M. Fass discusses the consequences when the limited partners of a troubled investment are required to contribute additional capital as a temporary restructuring device, and when some of the partners do not make additional contributions to the partnership.

By Peter M. Fass

8 minute read