Articles

A summary of the changes in the final regulations related to IRC Sec. 864(c)(8), clarifying the treatment of gain or loss on the sale of a foreign partner’s interest in a partnership that has a U.S. trade or business.

This article features a series of FAQs that may help entities stay abreast of impairment considerations when accounting and reporting in conformity with U.S. GAAP, in light of the impact of the coronavirus over the last several months.

Financial institution regulators have released guidance for financial institutions and their customers in response to the COVID-19 encouraging financial institutions to work prudently with borrowers and to describe the agencies’ interpretation of how…

Owners of commercial real estate have been hit hard of late with their worst case scenario: a sudden economic collapse brought on by a health crisis that has in many cases significantly curtailed their tenants’ ability to pay rent and their own abili…

Guidance for going concerns for real estate, hospitality and other industries under COVID-19 including evaluation criteria, adverse conditions, required disclosures and more.

Recent guidance given to banks by regulators that has encouraged banks to work with borrowers impacted by the pandemic and consider longer-term strategies when those accommodations eventually expire.

In addition to creating a significant liquidity crunch for landlords, COVID-19 has created accounting implications and other financial reporting considerations for real estate entities—including going concerns, asset impairment, and tenant A/R.

A review of the Financial Accounting Standards Board (“FASB”) staff Q&A that addresses the accounting for rent concessions related to the effects of the COVID-19 pandemic under ASC 842 and 840.

The uniqueness (and the challenge) of a real estate family is that they are not just a family, but co-owners in a property portfolio and the companies that manage and maintain that portfolio. Both the family and business bonds that tie the family tog…