borrowers – Hartman Simons

New Centralized Partnership Audit Regime Takes Effect

By Whalen Kuller|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a new centralized partnership audit regime, applicable to partnership tax years beginning after December 31, 2017, and repealed prospectively the TEFRA partnership audit rules.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 [...]

The End of LIBOR

By Whalen Kuller|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, [...]