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Search OptionsBusinessIndiana Expands Reinstatement Options for Administratively Dissolved Entities
Indiana businesses, nonprofits, and closely held organizations now have a new avenue to restore entities that previously may have been considered permanently lost. Effective January 1, 2026, Indiana Code § 23-0.5-6-3 was amended to permit certain administratively dissolved entities to apply for… IHSAA Board Composition Litigation: What Nonprofits Should Know About Reserved Board Seats
A recently filed lawsuit involving the Indiana High School Athletic Association (IHSAA) has brought renewed attention to nonprofit board composition and reserved board seats. Indiana Attorney General Todd Rokita has challenged an IHSAA bylaw reserving two board positions for “qualified minorities,”… Public Company AI Disclosure: What Has Changed and What Has Not
SEC Chairman Paul Atkins Emphasizes Materiality as Investor Advisory Committee Recommends More Specific AI DisclosuresArtificial intelligence is changing how public companies operate, how investors analyze information, and how boards oversee emerging risks. What has not changed is the foundational… Treasury and IRS Finalize Car Loan Interest Deduction and Lender Reporting Requirements
On September 8, 2026, the U.S. Department of the Treasury and the Internal Revenue Service (“IRS”) published final regulations implementing the new deduction for qualified passenger vehicle loan interest and related lender reporting requirements. The regulations are particularly important for… SEC Semiannual Reporting: Record Opposition, but SEC Intends to Move Forward
In our prior Alert, we tracked the SEC’s move away from mandatory quarterly reporting: from President Trump’s 2025 call for a six-month reporting cycle, to SEC Chairman Paul Atkins’s public support, to the Commission’s May 5, 2026 formal proposal to let public companies elect a new semiannual… SEC Proposes Optional Semiannual Reporting Framework
As noted in our prior client alert on this topic, the SEC has been considering a shift away from mandatory quarterly reporting following renewed attention to the issue from policymakers. In particular, President Donald Trump publicly urged such a change in a 2025 Truth Social post, stating that… Nonprofit Political Activity in an Election Year: What Organizations Need to Know
As election activity increases, nonprofit organizations should revisit the federal tax rules governing political campaign intervention, lobbying, voter education, and issue advocacy. Those rules vary significantly based on an organization’s tax‑exempt classification and the type of activity… IEEPA Tariff Refunds Update: CBP Opens Refund Portal, Marking Start of Claims Phase
U.S. Customs and Border Protection (“CBP”) has opened the long‑anticipated online portal for submitting refund claims for tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”), marking a significant transition from system development to active filings. While this launch… IRS Reopens and Overhauls Group Exemption Program
On January 20, 2026, the Internal Revenue Service reopened its group exemption program with the release of Revenue Procedure 2026-8, ending a multi-year suspension on new group exemption applications. The new guidance replaces rules dating back to 1980 and materially changes how group exemptions… IRS Disregards "Charitable LLC" Arrangement and Denies Charitable Deduction
On January 23, 2026, the Internal Revenue Service (the “IRS”) publicly released Field Attorney Advice 20260401F (the “FAA”)1, in which the Office of Chief Counsel rejected a promoted "charitable LLC" structure designed to generate a substantial charitable contribution deduction while allowing… March 19 CBP Hearing Shows Progress on IEEPA Refund System, but Key Questions Remain
At a March 19, 2026 status hearing before the U.S. Court of International Trade, U.S. Customs and Border Protection ("CBP") updated the court on its efforts to implement a centralized mechanism for refunding unlawfully collected IEEPA tariffs. The March 19 hearing suggested that CBP has made… IEEPA Tariff Refunds: Trade Court Sets March 19 Progress Deadline as CBP Builds CAPE Refund System
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