IRS

The Internal Revenue Service has made annual inflation adjustments for more than 60 federal tax provisions, including tax-rate schedules. Notable changes under President Trump’s One, Big, Beautiful Bill include adjustments for the tax year 2026. For tax year 2026, the …

The nation has been facing uncertainty since the government shutdown on Oct. 1, and Arkansas state agencies have furloughed nearly 250 employees as of last week, according to the Arkansas Democrat-Gazette.  Gov. Sarah Huckabee Sanders said in a memo that …

Paper refund checks are on their way out. The Internal Revenue Service (IRS), in partnership with the U.S. Department of the Treasury, announced that paper tax refund checks for individual taxpayers will be phased out beginning Sept. 30, 2025. The …

Those affected by natural disasters this spring who have been unable to file their state income tax returns may be able to file as late as Dec. 3. Gov. Sarah Huckabee Sanders in April extended the deadline to file an …

Benjamin Franklin famously said, “In this world, nothing is certain except death and taxes.” That well-worn idiom apparently applies even to the people collecting the taxes. The Internal Revenue Service is apparently seeking to cut as much as half of its …

Southern Bancorp Bank and Southern Bancorp Community Partners (SBCP), Community Development Financial Institutions (CDFIs), are bringing back the Southern Bancorp Volunteer Income Tax Assistance (VITA) program to offer free tax preparation and filing services to communities across Arkansas and Mississippi. …

The start of a new year is always fun for me. It is a time to measure success (or failures) from the previous year and, hopefully, to put new plans in motion to have greater success. As a business and …

U.S. Senator John Boozman (R-AR), along with Senator Roger Wicker (R-MS) and 40 of their Senate colleagues, recently wrote a letter to the heads of the Office of Personnel Management (OPM), the General Services Administration (GSA) and the Office of …

According to the U.S. Census Bureau, 3 in 10 families that received monthly Advance Child Tax Credit payments in 2021 spent them on kids’ school expenses; and 1 in 4 families with young children used them to cover child care …

U.S. Senator John Boozman (R-AR) continues sounding the alarm over the Biden administration’s plan to expand the reporting of confidential financial data of Americans from financial institutions to the Internal Revenue Service (IRS). Boozman and GOP senators urged Senate Majority …