Tax Law in Arkansas
If you’re having tax related headaches – like many Arkansas residents do – you’ve come to the right place. This article will lead you to the Arkansas tax attorney of your choice and guide you through:
- When an AR tax lawyer can help you
- The types of taxes an AR tax attorney deals with
- How to find free non-legal tax help
- How to find legal tax help
An Arkansas Tax Lawyer Can Help with these Tax Problems
We’ve found that most people wonder if a tax attorney can help with their tax problems. Here are scenarios wherein a tax lawyer would be helpful. Of course, there are thousands of others, so if your individual situation isn’t listed, use this link to consult with the Arkansas tax lawyer of your choice.
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Charles wants to know how he can pass down his farm to his 4 children and still pay any estate taxes that are due.
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The IRS is auditing Caroline and she wants legal representation during the audit.
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The IRS has assessed Mary with a $27,900 tax bill; Mary operates a school for the blind and wants to know if she really owes that amount and, if so, whether there is a tax forgiveness program.
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Laura and her sister, Carrie, run a restaurant. The Arkansas Department of Finance and Administration (DFA) is sending auditors next month. Laura wants legal representation to make sure all runs smoothly.
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Harriet is facing tax evasion charges for failing to pay taxes on her general store profits – and she needs a strong legal defense.
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Nels, Harriet’s husband, wants to know if he would qualify for the protection under the Innocent Spouse Rule.
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Nellie is concerned about penalties for unpaid taxes and needs to know if abatement would work for her.
An Arkansas Tax Attorney Handles These Kind of Taxes
Tax lawyers handle:
- Negotiations with the IRS and the DFA
- Tax fraud and tax evasion criminal defense cases
- Tax planning
- Tax return preparation
- IRS and DFA audits
- Tax court cases
- Private letter rulings (PLRs)
- All interactions with the IRS, the DFA, and local taxing authorities
Tax lawyers work with these taxes:
- Personal income taxes
- Business related taxes
- Capital gains taxes (short term and long term)
- Payroll taxes
- Self-employment(Medicare and Social Security)
- Real estate taxes
- Federal gift taxes
- Mergers & acquisition taxes
- Sales and use taxes
- Federal estate state taxes
- Generation skipping taxes
Where do I Find Arkansas and Federal Tax Laws?
For those of you who like lots of information to peruse:
- Federal Tax Laws –Federal Tax Code, Regulations, and Guidance
- Arkansas State Tax Laws – The Arkansas Code
- Examples of Arkansas taxes:
- Arkansas income tax is graduated, topping out at 7% for income over $32,600.
- The state base sales tax in Arkansas is 6%; however, counties and towns can add an additional sales tax. For example, Fayetteville sales taxes are 9.25%.
- There is no inheritance tax or estate tax in Arkansas. Note that federal estate taxes may apply for larger estates, but there is not state estate tax.
- Examples of Arkansas taxes:
- Your Local Tax Laws – Google your own county and township (city, town, borough, village, etc.) tax laws.
How Do I Find Non-Legal Tax Help?
Here’s lots more important tax information for you. the IRS and the Arkansas Department of Finance and Administration websites are a great source of tax forms, tax rates, tax laws, and explanations.
How Do I Find Legal Tax Help?
For this article’s grand finale:To find an Arkansas tax attorney, search our free site, www.attorneys.org, or ask the bar association or a friend for a referral.