Internal Revenue Service
SQRL Sale? Acquisition Nears Amid Financial Troubles
Amid rumblings of payroll problems and more staff cuts, SQRL Service Stations is entertaining new ownership. read more >
by George Waldon -
IRS Claws Back Money Given to Businesses Under Fraud-Ridden Tax Credit Program
“We remain deeply concerned about widespread abuse involving these claims that have harmed small businesses,” said IRS Commissioner Danny Werfel. read more >
by Associated Press -
Tax Changes Small Business Owners Should Be Aware Of as Tax Deadline Looms
Unlike individuals, small businesses can have varying deadlines depending on the type of company, the state the taxes are filed in, and other factors. read more >
by Associated Press -
Zenwork Launches AI-Driven Tax Assist Program
Zenwork of Fayetteville has launched a new tax preparation service for businesses that is driven by generative artificial intelligence. read more >
Rod’s Pizza Responds to Uncle Sam
The famed Hot Springs restaurant is being sued by the IRS for more than $586,000 in back taxes. read more >
Is the Pass-Through Entity Tax Right for You? (Commentary)
In 2022, businesses have their first opportunity to pay the Arkansas pass-through entity tax (PET) rather than passing the state income tax obligation through to its owners. read more >
by -
Central Arkansas Water Does Double Take After IRS Glitch
An erroneous tax lien claim said that the utility was in arrears to the tune of nearly $1 million. read more >
Special Administrator Named in Cauley Case
The feds filed a lawsuit against the estate of S. Gene Cauley in U.S. District Court in Hot Springs and needed someone to be named as a special administrator of the estate to be served with the paperwork. read more >
Undocumented Immigrants ID’d for Home Loan Mission
Conway nonprofit builds a financial bridge to home ownership for undocumented immigrants. read more >
by George Waldon -
Hogs Get Slaughtered (Gwen Moritz Editor’s Note)
As I studied up on dozens of PPP fraud cases filed around the country since May, several common elements began to emerge. read more >
by Gwen Moritz -
Kade Holliday: Former County Clerk Accused of Fraud, All That Jazz
Five weeks after allegations surfaced that former Craighead County Clerk Jacob “Kade” Holliday had embezzled more than $1.6 million from taxpayers, another purported victim was still looking for answers. read more >
by Mark Friedman -
Inside New Retirement Provisions of the CARES Act (Commentary)
As part of the $2 trillion economic relief package signed into law on March 27, Congress relaxed certain restrictions and requirements on retirement funds. Here's what to know. read more >
by -
Philip Butcher Still in Tax Trouble Over Refund
Filing false federal income tax claims for the 2008 tax year still is haunting Philip Butcher of Rogers. read more >
Nursing Home Lawsuits Test Nonprofit Immunity
A company behind about two dozen nursing homes in Arkansas is facing increasing scrutiny over the nonprofit status of its facilities, which plaintiffs have dismissed as a ploy to avoid liability in cases alleging improper care. read more >
by Mark Friedman -
Tax Season Blues (Gwen Moritz Editor’s Note)
Technically, the new tax law is working as designed: lower tax revenue offset by more borrowing, the benefit of which has flowed primarily to corporations and the wealthiest individuals. But politically, it’s a bust. read more >
by Gwen Moritz -
Spoofing Scams on the Rise, Costing Arkansas Companies Millions
Business email compromise (BEC), a type of fraud that uses fake employee emails, on the rise and shows no signs of slowing down. read more >
by Mark Friedman -
Sued for Malpractice, Vaughn-Michael Cordes Files for Bankruptcy
A Fayetteville attorney who was involved in an adoption case that resulted in a malpractice lawsuit against him has filed for Chapter 13 bankruptcy reorganization, listing potentially $1.9 million in debts. read more >
Higher Standard: Will New Deduction Rules Hit Arkansas Tax Pros?
Doing your own taxes can be like changing your own motor oil, Little Rock CPA Brian Thompson says. Even if it’s simple, it can be a mess. read more >
by Kyle Massey -
IRS Wins Ruling Against Jonesboro Tax Prep
The Internal Revenue Service has successfully stopped a Jonesboro woman and her tax preparation business from handling federal tax returns for customers. read more >
‘American Greed’, Arkansas DFA Show Interest in John Rogers
Members of the “American Greed” team recently visited North Little Rock to film locations and conduct interviews as part of an episode focusing on John Rogers. read more >
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