Thu 01/ 11/ 18

New Centralized Partnership Audit Regime Takes Effect

By |2018-01-11T21:09:40+00:00January 11th, 2018|

New Centralized Partnership Audit Regime Takes Effect In late 2015, Congress passed the Bipartisan Budget Act of 2015 (as amended, the “BBA”). The BBA established a new centralized partnership audit regime, applicable to partnership tax years beginning after December 31, 2017, and repealed prospectively the TEFRA partnership audit rules. These new federal partnership income [...]

Fri 09/ 22/ 17

The End of LIBOR

By |2018-05-29T13:53:07+00:00September 22nd, 2017|

The End of LIBOR LIBOR, or the London Interbank Offered Rate, is the market standard for pricing financial assets, including credit cards, syndicated loans, and swaps and other derivatives, with some $350 trillion in financial products pegged to LIBOR. LIBOR measures the rate at which banks can borrow from one another on a short-term, [...]

Tue 11/ 29/ 11

Selling of Distressed Notes is Big Business

By |2011-11-29T09:23:03+00:00November 29th, 2011|

By Jeremy Cohen, partner If you told me five years ago that the selling of distressed notes by banks would become a virtual retail industry, I wouldn’t have believed it. Yet here we are, and business is booming. As an example of the frenzy, I recently had three different clients bidding on the same note. [...]