News

On December 22, 2017, President Trump signed into law the biggest federal tax law overhaul since 1986. The new law, frequently referred to as the Tax Cuts and Jobs Act (TCJA) will significantly affect individuals, corporations, international taxpayers and estates and trusts. Many provisions of the Internal Revenue Code of 1986 have been repealed or amended, and new ones have been added.

On Dec. 7, 2017, in a case styled as Tilley v. Malvern Nat’l Bank, 2017 Ark. 343, the Arkansas Supreme Court ruled that certain contractual provisions providing for the waiver of a jury trial are unenforceable. The Supreme Court reasoned in part that waiving the right to a jury trial before litigation arises is unconstitutional.

On Thursday, January 25, 2018, the Arkansas Supreme Court denied J.B. Hunt Transport, Inc.’s Petition for Review of an Arkansas Court of Appeals November 8, 2017, a decision vacating and reversing a preliminary injunction entered by the Benton County Circuit Court.

In the January/February 2018 issue of Arkansas Medical News, healthcare attorneys Lynda Johnson, Timothy Ezell and Tonya Gierke begin a series titled "The Anatomy of an Audit." The series will appear bimonthly in the magazine and will discuss various audits and offer suggested courses of action.

The U.S. Court of Appeals for the Eighth Circuit ruled in favor of Rock-Tenn Services, Inc., which does business as WestRock Services, in a discrimination case. The plaintiff alleged he was treated unfavorably because he is a man and is not Jewish. Attorneys Marshall S. Ney and Angela Artherton represented Rock-Tenn Services in the lawsuit.

As the end of the year approaches, so are the last days to take actions that will impact your tax returns for 2017. Below we have republished a news release from the Internal Revenue Service that gives taxpayers reminders of things you should be doing now to get ready for tax season.

Arkansas Business has voted Friday, Eldredge & Clark, LLP the "Best Law Firm" in Arkansas in the 11th annual Best of Business Awards.