Corporate Transparency Act: What Businesses Need to Know
February 3, 2023
by Caroline W. Kelley
In January 2021, Congress enacted the Corporate Transparency Act (CTA) in order to protect the United States financial system from being used for money laundering and/or other illicit activities. Oftentimes when these illegal activities are occurring, the perpetrators, also known as “bad actors,”…
Recent State Income Tax Rate Changes for Individuals and Corporations
October 19, 2022
by Ashley Edwards
Despite rising inflation and interest rates, some Arkansas individuals and corporations can look forward to relief when filing their state income tax returns for this year and next year. Such relief will come in the form of reduced state income tax rates and an individual income tax credit. In…
Estate Planning Techniques in a Higher Interest Rate Environment
October 5, 2022
by B. Wade Bowen
One can hardly miss the high levels of inflation currently affecting our economy. Even for those who do not pay close attention to the news, where inflation could hardly be more covered, the price of nearly everything for consumers has skyrocketed as we have emerged from the COVID pandemic. To try…
Solar Tax Benefits Now Directly Available to State and Local Governments and 501(c)(3) Organizations
This blog post was originally published on September 16th, 2022 and then updated on April 28th, 2023. On August 16, 2022, President Biden signed the Inflation Reduction Act (or IRA), which provides significant tax and other incentives for qualifying renewable energy facilities including solar…
Federal Court Authorizes Service of John Doe Summons Seeking Cryptocurrency User Identities
August 22, 2022
by Anton L. Janik, Jr.
Back in 2005 when I was a trial attorney at the United States Department of Justice, I worked to enforce the John Doe summons on PayPal, Inc. in the federal district court in the Northern District of California, which summons sought to uncover the identities of several thousand PayPal users holding…