If you’ve been dealing with debt and trying to find a way to overcome it, you may finally have decided to use bankruptcy to help yourself. Filing for bankruptcy is a good way to resolve your debts or to get yourself on a reasonable debt repayment plan, but did you...
Tax Law
Knowing if the gift tax affects your holiday shopping
This holiday season, it's ideal to know how federal or Arkansas gift tax laws affect consumers. This law does not affect all buyers, gift-givers or recipients. But it's still necessary to understand the law or risk facing an IRS tax penalty. Exemptions, exclusions and...
Becoming self-employed drastically changes your tax obligations
Running your own business may have been a lifelong dream for you, or self-employment may have just been the natural way for you to monetize your experience by offering consulting services. Now that you have left the corporate world of standard employment behind, your...
Understanding relief for innocent spouses
If you live in Arkansas and your spouse is having trouble with the IRS, you need to know about innocent spouse relief. The IRS understands that people sometimes make a mistake, or even abuse trust in a marriage. Although both spouses are technically responsible for...