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DOL’s New Proposal to Distinguish Employees from Independent Contractors On February 27, 2026, the U.S. Department of Labor (DOL) issued a Notice of proposed rulemaking to redefine independent contractor status under the Fair Labor Standards Act… U.S. Trade Court Orders Refunds of Unlawfully Collected IEEPA Tariffs
On March 4, 2026, Judge Richard K. Eaton of the U.S. Court of International Trade (“CIT”) issued a significant ruling holding that all importers of record who paid tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”) are… IRS Releases Schedule 1‑A Providing Reporting Framework for New “No Tax” Deductions Affecting Employers and Auto Lenders
On March 2, 2026, the Internal Revenue Service released Schedule 1‑A (Form 1040) and accompanying updates to the Form 1040 Instructions implementing several new individual tax deductions enacted under the reconciliation legislation commonly referred… U.S. Treasury Releases AI Risk Management Tools for Financial Institutions
The U.S. Department of the Treasury has released two new artificial intelligence (“AI”) resources intended to help banks and other financial institutions adopt AI more securely and consistently: (1) an Artificial Intelligence Lexicon, and (2) a… Treasury and IRS Issue Interim Guidance on 100% Depreciation for Qualified Production Property
On February 20, 2026, the U.S. Department of the Treasury and the Internal Revenue Service released Notice 2026-16, providing interim guidance on a new 100% special depreciation allowance for certain nonresidential real property, depreciable under… Supreme Court Invalidates IEEPA Tariffs
On February 20, 2026, the Supreme Court of the United States issued a landmark decision holding the Trump Administration’s tariffs imposed under the International Emergency Economic Powers Act ("IEEPA") were unlawful and exceeded the authority… Why Smart Lenders Are Betting on Brownfields
An increasing number of developers and expanding companies across Indiana are turning to contaminated properties, commonly called “brownfields.” These sites provide ideal locations for urban infill projects as well as existing improvements and… Indiana’s New 340B Hospital Reporting Requirement — First Filing Due April 1, 2026
Beginning April 1, 2026, and every year thereafter, 340B hospital covered entities with an Indiana service address must file an annual 340B report with the Indiana Department of Health (“IDOH”) covering activity from the prior calendar year. The… Important New Federal Reporting Requirement for Certain Residential Real Estate Transactions — Effective March 1, 2026
The Financial Crimes Enforcement Network (FinCEN) has finalized a new residential real estate reporting rule under 31 CFR 1031.320 (the “Rule”), which takes effect March 1, 2026. This regulatory change will affect clients engaged in residential real… Congress Advances Bipartisan Health Bill as Part of FY 2026 Funding Package
House and Senate appropriations leaders have reached a bipartisan, bicameral agreement to keep the federal government funded through fiscal year 2026 while advancing several long-anticipated health care policy changes. The U.S. House of… Wisconsin Introduces True Lender Legislation
On December 12, 2025, the Wisconsin legislature introduced a bipartisan measure (SB 759) that proposes significant amendments to Chapter 138 (Money and Rates of Interest) of the Wisconsin Statutes. SB 759 would implement a 36% annual percentage rate… Time Limit for Vacating Void Judgments?
On January 20, 2026, the United States Supreme Court issued its unanimous 9-0 opinion written by Justice Alito with a concurrence by Justice Sotomayor in Coney Island Auto Parts Unlimited, Inc. v. Burton and addressed whether vacating a void… |
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