Blog

Between the Lines Blog

Property Tax Valuation: Wisconsin Appellate Court Addresses Impact of Environmental Contamination
Category: Arkansas Environmental, Energy, and Water Law, Tax
A Wisconsin Court of Appeals (“Court”) addressed in an August 27th opinion an issue involving the impact of environmental contamination on the tax valuation of a parcel of real property. See State of Wisconsin ex rel Ronald L. Collison, Appeal No. 2018AP669. A Milwaukee real property owner argued…
Read Full Post »
Reorganization of the Family Farm: Recent Tax and Debt Limit Updates to Chapter 12
Category: Agriculture , Tax
The past few years haven’t been so kind to farmers. It appears that this year will continue the recent trend of subpar net farm income and increasing debt levels due to several years of various detrimental factors, including low commodity prices, poor weather conditions and the ongoing trade war…
Read Full Post »
Series LLCs and the Arkansas Uniform Protected Series Act
Category: Tax
Arkansas’ most recent legislative session saw the adoption of a number of laws, none more complicated than Act 665, an Act to adopt the Uniform Protected Series Act. Arkansas’ Uniform Protected Series Act (the “UPSA”) is set out at Ark. Code Ann §4-41-101 et. seq. The series LLC is in part designed…
Read Full Post »
The Taxpayer First Act Changes IRS Powers in Ways Important to Your Civil and Criminal Tax Clients
Category: Tax
On July 1, 2019, President Trump signed the Taxpayer First Act (“Act”), which includes a host of important expanded taxpayer protections ranging from adjustments to criminal tax seizures, to John Doe summonses, to the creation of an Independent Office of Appeals, to smaller changes to innocent…
Read Full Post »
U.S. Supreme Court Limits the Ability of States to Tax a Trust – The Kaestner Case
Category: Tax
On June 21, 2019, the U.S. Supreme Court issued an opinion limiting the ability of a state to impose income taxes on a trust when the trust’s connection with the taxing state is minimal. The case is styled North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust. In the…
Read Full Post »
< Newer Page 1/3 Older >
The Between the Lines blog is made available by Mitchell Williams Law Firm and the law firm publisher. The blog site is for educational purposes only, as well as to give general information and a general understanding of the law. This blog is not intended to provide specific legal advice. Use of this blog site does not create an attorney client relationship between you and Mitchell Williams or the blog site publisher. The Between the Lines blog site should not be used as a substitute for legal advice from a licensed professional attorney in your state.