Small Claims Court in Arkansas
For accounts under $5000, businesses and individuals may pursue collection through the small claims courts in the county where the defendant resides or where the contract was to be performed. These claims are filed in the city District Courts (formerly known as Municipal Courts). Attorneys are not allowed to participate in small claims proceedings. Corporations may use small claims courts only if they have three (3) or fewer shareholders or are at least 85% owned by close f
Donate Appreciated Property to Turbocharge Your Giving
Charitable gifts of appreciated property eligible for long tern capital gain treatment can generate some great tax benefits. Gifts of such property provide a double benefit - a charitable deduction, in most cases, for the full fair-market value of the property plus avoidance of any potential capital gain tax. Charitable deduction. A donor who contributes long-term capital gain securities or real estate (i.e., property held for more than one year) gets a charitable deductio
Benefits of Owning Investment Real Estate
When you borrow money to invest in income producing rel estate, you can make money three ways. First, through positive cash flow to the extent the rent you collect exceeds your expenses. Second, through debt reduction as the tenant pays down your mortgage on the property. Third, through capital appreciation as the value of your property increases over time. There are also multiple tax related benefits, including deductions for depreciation and interest expense. Call me to as
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