Editor: Rochelle Hodes, J.D., LL.M. Many real estate transactions, such as the sale of a large apartment complex, involve real property with a substantial personal-property component. Regs. Sec.

Various provisions have been enacted to prevent abuses in transactions involving related parties. A practitioner applying one of these sets of rules should be careful to understand exactly how ...

Prior to the law change, an Illinois investment partnership was a partnership under federal income tax law that met the following tests: Under the prior law, qualifying investment securities were ...

In response to “the broad and evolving application of the definition of a derivative,” FASB issued an Accounting Standards Update that aims to address stakeholder concerns about the application of ...

The update is aimed at fighting “scope creep,” with existing derivative standards having been applied too often, FASB Chair Richard Jones said. The change to derivatives accounting guidance marks the ...