Governor Issues Emergency Executive Order Extending Arkansas Tax Deadlines for Some Arkansas Taxpayers
In Executive Order 20-09 issued Monday, Arkansas Governor Asa Hutchinson continued his strong leadership in this troubling time by extending the 2019 individual income tax filing date and the individual income tax payment date from April 15, 2020 to July 15, 2020. This proclamation also extends the…
IRS Puts People First: Sweeping New Initiative Limits Collection Activities Until July 15, 2020
Internal Revenue Service (IRS) Commissioner Chuck Rettig has announced the People First Initiative to provide immediate relief to taxpayers, noting that "We are temporarily adjusting our processes to help people and businesses during these uncertain times. We are facing this together, and we want…
Employers (Including Municipalities) Still Required to File IRS Forms Despite Changes to Affordable Care Act Individual Mandate
March 3, 2020
by Craig R. Cockrell
If you watch the news, you may have heard that the requirement known as the “individual mandate” under the Affordable Care Act, which generally requires that individuals either obtain health insurance or pay a penalty, was repealed by the Tax Cuts and Jobs Act of 2017. Although the “Individual…
Digital Estate Planning – The E-Wills Act
February 10, 2020
by B. Wade Bowen
The year 2020 is upon us, and electronics are everywhere among us. Just three decades ago, in 1990, only 42% of U.S. adults said they used a personal computer at home or work, and emails could be sent only in plain text format. For somewhere between $2,500 and $3,500, one could buy the Motorola…
The SECURE Act and the RMD: Now's the Time to Review Your Retirement Account Trust Beneficiary Designations
February 10, 2020
by Christopher T. Rogers
The Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) was signed into law on December 20, 2019, with a January 1, 2020 effective date. Although mostly designed to provide additional flexibility in creating and administering retirement accounts, the SECURE Act’s…