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…
What Happens to My Arkansas Property if I Do Not Have a Will?
Estate planning is important no matter the size of your estate. Properly planning your estate will allow you to be in control of who inherits your assets, who raises your children, and who is in charge of administering your estate. Without an estate plan your assets will pass according to Arkansas…
Treasury Inspector General for Tax Administration Announces New Senior Leaders
Recently, J. Russell George, the Treasury Inspector General for Tax Administration (TIGTA), announced three new additions to the Agency’s senior leadership team, naming Heather M. Hill as the new Deputy Inspector General for Audit, Russell P. Martin as the new Deputy Inspector General for…
Will the Conversion of a Trust to a Unitrust Under the New Arkansas Uniform Fiduciary Income and Principal Act Cause a Negative Tax Result?
March 16, 2022
by Ashley L. Gill
The Arkansas Uniform Fiduciary Income and Principal Act (the “Act”) became effective on January 1, 2022. Arkansas is one (1) of five (5) states, including Colorado, Kansas, Utah, and Washington, that has enacted the Uniform Fiduciary Income and Principal Act. Legislation is currently pending in…
Certain Trust Expenses Still Deductible Until 2026
The Tax Cuts and Jobs Act (TCJA), while lowering taxes for most, raised them for a few. One group of those few taxpayers for whom taxes went up under TCJA were certain trusts and estates (generally those with large investment advisory fees or certain other expenses). The issue for these trusts is…