Arkansas Option of Remaining Partners to Purchase

State:
Multi-State
Control #:
US-01735-AZ
Format:
Word; 
Rich Text
Instant download

Description

This form states that any partner desiring to withdraw from the partnership prior to the termination or dissolution of the partnership shall only be allowed to do so with the consent of the remaining partners. Prior to granting or denying approval of a partner's request to withdraw, the remaining partners shall have the option to purchase a proportionate share of his interest in the partnership.

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FAQ

The program, now called Arkansas Works, provides health care coverage to more than 300,000 low-income Arkansans -- people between 19 and 64 who earn up to 138% of the federal poverty level, which is $17,774 for a single person and $36,570 for a family of four.

Response: The Arkansas Works Program provides health care coverage to Arkansans who are U.S. citizens and certain legally2010residing immigrants ages 19201064 with household incomes below 138% of the Federal Poverty Level for their family size.

On January 1, 2022, Arkansas Works was replaced by the Arkansas Health and Opportunity for Me program, or ARHOME. ARHOME will continue to offer health care coverage for eligible Arkansans. Just like with Arkansas Works, ARHOME uses Medicaid dollars to buy health care coverage for you from qualified health plans.

FORM AR3MAR IS YOUR ANNUAL RECONCILIATION OF MONTHLY WITHHOLDING. (A) An Annual Reconciliation form must be completed and returned to our office by February 28 of the year immedi- ately following the tax year you are filing.

Employers should withhold 6.6% of the payment for state income tax. Employees should be advised that the amount withheld may result in overwithholding, but the employee cannot recover the overpayment until the state income tax return is filed. (Withholding tax employer instructions, effective March 1, 2020.)

The Pandemic Unemployment Assistance (PUA) program will end on June 26, 2021. Weekly benefits will continue to be paid to those eligible through the week ending June 26, 2021.

Arkansas Works is a Medicaid program that offers eligible Arkansans private health insurance coverage. The insurance is offered through qualified health plans from Arkansas BlueCross BlueShield, Arkansas Health & Wellness (Ambetter), and Qualchoice.

File Form AR941A. File AR941, Employers Annual Report for Income Tax Withheld and pay any tax due for the previous calendar year.

Form AR-TX is a form you should receive from your employer. Use the information on the form to complete the Texarkana portion of the Arkansas interview. Go into your Arkansas return and continue to the Border City Exemption page.

Arkansas' Medicaid expansion program was initially called the Arkansas Health Care Independence Program, but transitioned to Arkansas Works as of 2017 and to Arkansas Health and Opportunity for Me (ARHOME) as of 2022.

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Arkansas Option of Remaining Partners to Purchase