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Recovery Act CRIB Sheet For Government Contractors, Part II, The Interim FAR

Client Alert | 1 min read | 04.03.09

On March 31, 2009, the FAR Council issued extensive interim rules to implement the requirements for FAR contracts funded by the Recovery Act. Crowell & Moring has prepared a detailed analysis of each new FAR provision, including those about the Buy American Act Requirements, the onerous reporting requirements for prime and subcontractors, the Inspector General and Government Accountability Office Audit Rights and access to contractor employees, government publication requirements, and the substantial new whistleblower protections.

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Client Alert | 4 min read | 08.21.25

FLSA Overtime Reporting and Withholding

The One Big Beautiful Bill Act (the Act), signed on July 4, 2025, allows a deduction from an individual’s personal tax return on Form 1040 for “qualified overtime compensation” as defined in new Code § 225. The amount that can be deducted from the employee’s return is capped at $12,500 with the maximum then adjusted down if the employee’s AGI exceeds certain limits. This deduction is permitted in 2025....