Taking your skillset and using it to start your own business or professional service requires bravery and planning. It also requires that you learn about many different areas of the law. As a self-employed individual taxpayer, you will have different tax...
Tax Law
Is there still a marriage penalty?
Federal tax law changes made decades ago were supposed to eliminate the so-called "marriage penalty" for couples in Arkansas and around the country. However, there are still some aspects of tax law that give married couples harsher treatment than singles. Before a...
After bankruptcy, do you know how your taxes will be affected?
You struggled with money for many months before deciding to turn to bankruptcy. Now, after it has finally been completed, you find yourself with another question: How will your taxes be affected? The debts that you had forgiven are considered as taxable income....
How cryptocurrency can affect your taxes
If you live in Arkansas and you buy or sell bitcoin or another cryptocurrency, you need to think about the impact on your taxes. The federal government does not view cryptocurrency as cash but as property for tax filing purposes. Figuring out your taxes Under federal...