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Search OptionsThought LeadershipSupplemental Update: IRS Issues Transitional Relief for 2025 Vehicle-Loan Interest Reporting
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… The Illinois Secretary of State Office Offers Corporate Franchise Tax Penalty and Interest Amnesty until November 17, 2025
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… New Reporting and Deduction Rules for Vehicle Loans Under the One Big Beautiful Bill Act
Background FTC Sends Warning Letters to Health Care Employers in Latest Noncompete Development
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… SEC to Consider Shift Away from Quarterly Reporting
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… Post-Issuance Compliance: Safeguarding Your Hospital’s Access to Low-Cost Capital
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 and Compliance Overview of IRC §501(r) Requirements for Indiana Licensed Hospitals
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… Government Shutdown and Reversion of Medicare Telehealth Coverage
In response to the October 1, 2025 shutdown of the federal government, the Centers for Medicare & Medicaid Services (“CMS”) issued an MLN Connects Special Edition email providing an Update on Medicare Operations: Telehealth, Claims Processing, and… Compliance Obligations Under the New Data Security Program (DSP) for Cross-Border Operations
Executive Order 14117 (Prevent Access to Americans’ Bulk Sensitive Personal Data and U.S. Government-Related Data by Countries of Concern) and its implementing regulations establish the Data Security Program (DSP), a new compliance framework that… Brokered Doesn't Have to Mean Broken – Navigating Complexities of Brokered Deposits
Brokered deposits occupy a unique place in bank funding: widely used, strategically valuable, and nevertheless scrutinized. Banks often rely on them to supplement local deposit bases, particularly when core deposits slow or fail to keep pace with… Shifting Regulatory Policy and Focus: Impact of the Recent Executive Order on Debanking
On August 7, 2025, President Donald Trump issued an Executive Order titled “Guaranteed Fair Banking for All Americans”. The Executive Order prohibits financial institutions from engaging in “politicized or unlawful debanking” practices. “Debanking”… How Banks Empower Native American Homeownership Through the Section 184 Indian Home Loan Guarantee Program
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… |
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