News

By the International Revenue Service (issued March 13, 2018) Scammers and cyberthieves continue to use the IRS as bait. The most common tax scams are phone calls and emails from thieves who pretend to be from the IRS. Scammers use the IRS name, logo, fake employee names and badge numbers to try to steal money and identities from taxpayers.

By the International Revenue Service (issued March 20, 2018) The Internal Revenue Service reminded taxpayers today that it’s not too late to contribute to an Individual Retirement Arrangement (IRA) and still claim it on a 2017 tax return. Anyone with an IRA may be eligible for a tax credit or deduction on their 2017 tax return if they make contributions by April 17, 2018.

By the International Revenue Service (issued March 9, 2018) The Internal Revenue Service today warned taxpayers against scam groups masquerading as charitable organizations, luring people to make donations to groups or causes that don't actually qualify for a tax deduction.

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 Many provisions of the Internal Revenue Code of 1986 have been repealed or amended, and new ones have been added.

Attorney Robert Smith was interviewed by Arkansas Business regarding a recent Arkansas Supreme Court decision that determined pre-dispute contractual waivers of the right to a jury trial are unenforceable under the Arkansas Constitution.

Arkansas Business and Little Rock Soirée have named Attorneys Alexandra A. Ifrah and Robert T. Smith to its annual "Best Lawyers in Little Rock" list.

Attorney Blake Lewis spoke last week (Thursday, Nov. 2) at the Arkansas State Chamber/AIA’s Arkansas Tax Conference about the federal income tax issues related to the medical marijuana industry and the various planning techniques implemented by those in the industry to minimize their tax burden.