A common guiding principle across accounting, law, and tax is the concept of “substance over form.” That is, the economic reality of a transaction must prevail over its legal form. While this may be ...

I’m the eldest, my children are (still) young, and my children will just accept what will be given to them if they don’t hold any ownership, any papers, any official receipts,” she said.

In his defense, the suspect denied the allegations, claiming he has official receipts and liquidation documents to prove the legitimacy of the transactions.