On October 21, 2025, the Internal Revenue Service (IRS) released its official “Statement on IRS operations limited during the lapse in appropriations; regular tax deadlines remain”, available at IRS.gov. The announcement confirms that, despite the…
Krieg DeVault LLP is pleased to announce that Hannah Huff-Schassburger, Rachel Keller, Ashley Rosenblatt, and Courtney Thompson have joined the firm as Associates in our Indianapolis office. Huff-Schassburger will provide counsel to the firm’s…
This update supplements our prior client alert, “New Reporting and Deduction Rules for Vehicle Loans Under the One Big Beautiful Bill Act” issued October 16, 2025 and highlights the IRS ’s transitional guidance issued in Notice 2025-57, that…
On October 1, 2025, the Illinois Secretary of State announced an amnesty program for corporations who are behind on paying their annual Franchise Taxes due in Illinois. This applies to those organized as Illinois corporations or those organized in…
Background
On July 4, 2025, President Donald J. Trump signed into law the One Big Beautiful Bill Act (“OB3”). Among its many provisions, OB3 introduces a new, temporary tax deduction for passenger-vehicle loan interest1 and imposes…
Krieg DeVault announced today that Rothberg Law Firm (“Rothberg”), a prominent Fort Wayne, Indiana law firm with 12 professionals, will become part of Krieg DeVault, effective January 1, 2026. The joining of the two firms will significantly…
The Trump administration's "One Big Beautiful Bill" is poised to significantly impact healthcare providers by changing Medicaid financing and reimbursement. Meghan Linvill McNab, a partner at Krieg DeVault who focuses on Medicare and Medicaid…
The Federal Trade Commission (“FTC”) sent letters on September 10 prompting many large health care employers and staffing firms to review their noncompete agreements (“noncompetes”) for compliance with Section 5 of the FTC Act, 15 U.S.C. § 45, which…
President Donald Trump caught the attention of many recently with the following Truth Social post:
Subject to SEC Approval, Companies and Corporations should no longer be forced to “Report” on a quarterly basis (Quarterly Reporting!), but rather to…
Tax-exempt healthcare organizations rely heavily on tax-exempt bond financing to fund facilities and equipment. While these financings provide critical access to lower-cost capital, borrowers must carefully observe post-issuance compliance…
Current IRS Audit Activity
In March 2024, in response to renewed calls from Congress for more robust oversight of tax-exempt hospitals, the Internal Revenue Service (“IRS”) Tax-Exempt and Government Entities (TE/GE) Division announced a new…
Imagine you own a building and its surrounding grounds. Consider that you might want to enhance the visual appeal of the grounds or of public spaces inside the building with something more than sprucing up the landscaping or implementing…
