Understanding Medicare
What does Medicare cover? What are the costs of Medicare? What happens if you forget to enroll for Medicare? Medicare is the federal health insurance program for people in the United States who are over the age of 65 or certain younger people with disabilities. Medicare is funded in part by payroll…
COVID-19 Pandemic Highlights Need for College-Aged Students and Young Adults to Prioritize Estate Planning
Facing mortality does not come easily to anyone, but particularly not for college-aged students or young adults. As a result, many young people, to the extent they think about estate planning at all, mistakenly assume that estate planning is something needed by only the eldest or wealthiest members…
Syndicated Conservation Easement Transactions: Internal Revenue Service Announces First Settlement
September 4, 2020
by Walter G. Wright, Jr.
The Internal Revenue Service (“IRS”) in an August 31st news release announced what it described as: . . . the completion of the first settlement under its initiative to resolve certain docketed cases involving syndicated conservation easement transactions (“Transactions”). The IRS had previously…
How COVID-19 Has Affected Tax-Exempt Bonds
First published on ArkansasBusiness.com. The COVID-19 pandemic has changed the landscape for many of us, including issuers of tax-exempt bonds. Many state and local governments rely on tax-exempt bonds to fund major projects for their communities. In order to remain compliant as well as identify…
Election Day is Coming – Will Major Tax Changes Follow?
August 10, 2020
by B. Wade Bowen
Less than 100 days remain until Election Day, and much is uncertain as to which Party will control the White House and Congress in 2021. A Republican-controlled Congress and White House enacted the Tax Cuts and Jobs Act of 2017 (“TCJA”), which some have called the most significant tax reform…