Lottery's IRS penalties reversed thanks to NLR attorney - KATV - Breaking News, Weather and Razorback Sports

Lottery's IRS penalties reversed thanks to NLR attorney

Posted: Updated:
(left to right) Carrold Ray, Bruce Engstrom, Sam Hilburn (photo courtesy Ark Lottery Commission) (left to right) Carrold Ray, Bruce Engstrom, Sam Hilburn (photo courtesy Ark Lottery Commission)

LITTLE ROCK - The Arkansas Lottery Commission's 2011 tax penalties have been reversed, thanks to the pro-bono efforts of a North Little Rock attorney.

After hearing the Lottery had been assessed federal tax penalties in 2011, Carrold E. Ray, Jr., volunteered his time to help. He explained that his two daughters were recipients of the Arkansas Scholarship Lottery-funded Arkansas Academic Challenge Scholarships, so he wanted to give back to an agency that was helping his family.

At the Monday meeting of the Arkansas Lottery Commission, Chairman Ben Pickard of Searcy recognized Ray and announced that his work had led to an agreement with the Internal Revenue Service to refund $104,570 to the Lottery next month.

"We are grateful for Mr. Ray's generous sacrifice of his time and effort, and for his excellent work, pro bono, in behalf of the Arkansas Scholarship Lottery.  We could not have accomplished a successful outcome without him," said Pickard. "Not only did the agency avoid what would have been prohibitive legal fees to deal with this complicated IRS matter, the students of Arkansas will soon realize about $100,000 in their scholarship fund that would not have returned without Mr. Ray's expertise and  his 18-month conversation with the IRS in pursuit of this positive solution."

  • Most Popular StoriesMost Popular StoriesMore>>

  • Metro Radar

    Metro Radar

  • 4 shot, 1 dead in Pine Bluff shooting

    4 shot, 1 dead in Pine Bluff shooting

    Sunday, July 27 2014 12:19 PM EDT2014-07-27 16:19:34 GMT
    A late night shooting in Pine Bluff has left one man dead and three others injured.Police say they arrived at around 11:30 last night and found four people had been shot during a reunion party. More >>
    A late night shooting in Pine Bluff has left one man dead and three others injured.Police say they arrived at around 11:30 last night and found four people had been shot during a reunion party. More >>
  • Police still searching for missing father and 10-month-old son

    Police still searching for missing father and 10-month-old son

    Sunday, July 27 2014 9:08 PM EDT2014-07-28 01:08:10 GMT
    A prayer vigil was held Sunday for the missing Greenwood father and son. 33-year-old Brian Floyd and 10-month-old have been missing since Friday, July 25. Police are still looking for Floyd's dark green 1997 GMC pick up truck which they believe was last seen in the Ouacita mountains area south of Blue mountain.More >>
    A prayer vigil was held Sunday for the missing Greenwood father and son. 33-year-old Brian Floyd and 10-month-old have been missing since Friday, July 25. Police are still looking for Floyd's dark green 1997 GMC pick up truck which they believe was last seen in the Ouacita mountains area south of Blue mountain.More >>