The Arkansas Uniform Fiduciary Income and Principal Act (the “Act”) became effective on January 1, 2022. Arkansas is one (1) of five (5) states, including Colorado, Kansas, Utah, and Washington, that has enacted the Uniform...more
A limited liability company (an “LLC”) is a business structure created by state statute, but it is not a distinct business entity for tax purposes (like a partnership or a corporation). Instead, businesses structured as LLCs...more
5/7/2019
/ C-Corporation ,
Corporate Taxes ,
Internal Revenue Code (IRC) ,
Limited Liability Company (LLC) ,
Membership Interest ,
Operating Agreements ,
Partnerships ,
Private Letter Rulings ,
Regulatory Standards ,
S-Corporation ,
Share Classes
By now, we all know that major tax legislation was passed in December of 2017. The 2017 revenue act (the “2017 Tax Act”) is officially titled “An Act to provide for reconciliation pursuant to titles II and V of the concurrent...more
5/2/2018
/ Adjusted Gross Income ,
Family Businesses ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Low-Income Issues ,
Minor Children ,
Minors ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Tax Rates ,
UTMA