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 other states but are (or should be) authorized to…
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 Report on a “Six (6) Month Basis.” This will save…
The Section 184 Indian Home Loan Guarantee Program (the “Program”), administered by the U.S. Department of Housing and Urban Development (“HUD”), provides a home mortgage product specifically tailored for Native American families and federally recognized tribes. For banks and mortgage lenders, the…
Any business, large or small, will be discomforted to open a letter or email and read that someone, somewhere, thinks that a product, service, or process that the business uses, makes, or sells infringes the sender’s patent claims. Included are demands that you stop the infringement, pay a fee to…
On July 4, 2025, President Donald J. Trump signed Public Law No. 119‑21, better known as the One Big Beautiful Bill Act (OBBBA). The OBBBA introduces significant changes to the tax treatment of charitable contributions for both corporations and individuals, effective for taxable years beginning…
Krieg DeVault LLP is pleased to announce that attorney Keaton J. Miller has joined the firm as a member of its Financial Institutions Practice. Mr. Miller brings with him a distinctive combination of legal and financial industry experience, having served as Senior Vice President and Senior…
In a significant victory for faith-based nonprofit organizations, the U.S. Supreme Court issued a unanimous 9–0 decision in Catholic Charities Bureau, Inc. v. Wisconsin Labor & Industry Review Commission,1 holding that the State of Wisconsin violated the First Amendment when it denied a Catholic…
In a significant development that could affect the operations and messaging of religious nonprofits, the Internal Revenue Service (IRS) recently filed a court document suggesting that pastors who endorse political candidates from the pulpit should not necessarily endanger their church’s tax-exempt…
Tax-exempt organizations of nearly every ilk must monitor recent activities targeting Harvard University to determine if those actions call for a reassessment and possibly redesign of operations and advocacy activities. While direct political involvement by exempt organizations have always had a…
An interim final rule was issued by the Financial Crimes Enforcement Network (“FinCEN”) on March 21, 2025, eliminating the reporting obligations that U.S. entities and U.S. persons formerly stood to bear under the beneficial ownership information (“BOI”) reporting requirements of the Corporate…
I attended law school to become a patent attorney. I didn’t know at the time what that really meant, or even that patents are but one type of intellectual property (IP). I did know that an engineering career was not for me, but patent law could be a way to leverage my engineering background into an…
On February 21, 2025, a U.S. District Judge in Baltimore, Maryland ruled that executive orders recently issued by President Trump to roll back Diversity, Equity, and Inclusion (“DEI”) programs likely violate the First Amendment. The judge temporarily blocked the enforcement of these executive…
