The original version of this story was published on Law.com Prosecutors sometimes appear to vie for placement in the Guinness Book of World Records for the longest sentence in a white-collar case.

Learn about impairment loss, its impact on assets, and how it is calculated when market value falls below book value in financial statements.

“An event cancelled is better than a life cancelled,” according to World Health Organization Director-General Tedros Adhanom Ghebreyesus when speaking in December 2021 in response to the spread of the ...

On Tuesday, the Third Circuit issued a decision that will substantially impact the sentences imposed for federal fraud offenses. In United States v. Banks, the Court rejected the so-called “intended ...

A net operating loss is a tax concept. It occurs when you have more deductions than income for the year and individual taxpayers, estates and trusts can have a net operating loss as well as a ...

You may be able to deduct some losses from rental properties on your income taxes but not all. Internal Revenue Code Section 469 was passed primarily to limit the use of abusive tax shelters, but also ...