EPISODE 78: STRAIGHT UP TUES TIP 8
Chance W. Badertscher • July 28, 2021
Real Estate Attorney Chance Badertscher was the special guest on Straight Up Chicago’s Tuesday’s Tip podcast. Listen in, as Chance discusses the steps and responsibilities for an investor to get from attorney review to the closing table. For follow-up questions, or other questions regarding real estate, contact Chance at cbadertscher@lavellelaw.com or 847-705-7555.
More News & Resources
Lavelle Law News and Events
A lawsuit involving Chance the Rapper and his former manager, Pat Corcoran, highlights a costly lesson for businesses, creatives, and entrepreneurs alike: handshake deals can lead to million-dollar disputes.
Our client was haunted by non-dischargeable federal tax liabilities of over $400K from a business venture. After strategic timing and working with our Bankruptcy team, $330K was written off by the IRS before we filed Chapter 7 for the client, and he suffered no adverse results from the four-month delay.
Play Ball with Lavelle Law on April 9! Step up to the plate and join our annual Business After Hours event, hosted in the friendly confines of our Schaumburg office. Bonus points: Feel free to rock your favorite baseball team’s gear and show off your fandom while you’re at it! Free event for SBA members!
The IRS announced its annual Dirty Dozen list of tax scams for 2026 that threaten the tax and financial information of taxpayers, businesses, and tax professionals. The Dirty Dozen is part of a broader campaign conducted by the IRS to educate taxpayers about identity theft schemes and other forms of fraud.
Lavelle Law seminar highlighted key 2026 Illinois employment laws for employers: expanded Workplace Transparency Act rules, AI discrimination bans in hiring, paid nursing breaks, broader state employee insurance, & upcoming neonatal ICU leave.
For many businesses, the ability to fully expense capital investments in the first year presents a meaningful opportunity to reduce tax liability and reinvest in growth. Proper classification, timing, and election planning remain essential to maximizing the benefit.
Beginning 3.1.26, new federal regulations issued by FinCEN will significantly affect how certain residential real estate closings are handled. Issued under the authority of the Bank Secrecy Act, the rule requires the reporting of specified non-financed residential real estate transfers involving legal entities & trusts
Certain income taxes can be discharged in bankruptcy if they meet a four-part test, the last test being a subjective test. On January 20, 2026, Judge Bentley of the U.S. Bankruptcy Court for the SDNY issued a 46-page judgment determining that a chapter 7 debtor did not meet the fourth test.
On January 14, 2026, the U.S. Supreme Court decided that political candidates can bring lawsuits over election rules. In Bost v. Illinois State Board of Elections, the Court held that a candidate for office has the right to challenge state rules about how votes are counted.
As seen in North Shore City Lifestyle. Lavelle Law attorney, Sarah Reusché, is featured in the February 2026 issue of North Shore City Lifestyle magazine. Sarah isn't just an exceptional attorney; she's a true community advocate.
