Falsified Returns led to Jail Time for St. Louis Preparer

A tax preparer by the name of Filmon Tekle pleaded guilty in May for one count of conspiracy to defraud the U.S. and four counts of falsifying tax returns.

Tekle charged hefty fees for filing returns and then paid kickbacks to his ta

x preparers. In total Tekle’s system cost the government roughly $167,500.

His ‘company’ changed names each year including First Class Tax LLC and First Class Tax Group LLC.

He was sentenced on Thursday July 5th to 21 months in federal prison.

If you feel you have been a victim of tax fraud, contact our offices at 816-524-4949 or visit our website at Hoorfarlaw.com.

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200 More Sears Corporate Employees Laid Off

Sears recently announced the closing of more than 100 unprofitable stores which will enevitably cause lay offs in store, however, there seems to be large layoffs at the corporate level as well.

Earlier this year 220 corporate office employees were let go as the company struggles to make it to and get through the 2018 holiday season. The company recently landed a deal with Citi to get roughly $400 million more in business.

According to a WARN report in Illinois another 200 corporate employees were let go, a majority working specifically at the Hoffman Estates support center.

If you have a struggling business, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Passport Denied? Did you pay your Taxes?

In 2015, Congress passed a law that required the IRS and State department to take action against those who have failed to pay taxes. Those who owe can be denied new passports or be denied a renewal.

If you owe more than $51,000 in overdue taxes then the IRS and State department can not only prevent you from receiving a passport, but they can also revoke your passport if you already have one.

Enforcement began early this year in February and over 362,000 Americans can be affected if they do not settle these debts with the IRS.

If you require tax help, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Embezzled cash, Missing Taxes and Two Years Jail Time

Recently a Kansas City woman, Tammera Goodman, was sentences to two years in a federal prison for failing to pay taxes on stolen money.

She embezzled nearly $465,000 from her family business while working as the office manager. She would use money to pay her credit cards and bills. The company which handles water and fire damage restoration jobs did not prosecute her and even allowed her to continue to work there.

The 56 year old pleaded guilty in October for her failure to report this money on tax returns. She was also ordered to pay $145,000 in restitution to the IRS and the state of Missouri.

If you have tax concerns or are a small business with questions, feel free to contact our office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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20 Minutes to Call an Attorney

Missouri courts have stated that Missouri law allows a person twenty (20) minutes to call an attorney during a DUI breath test.  However, the conversation with the attorney is not private and can be recorded.

If you received a DUI or have been charged with a crime, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Richmond Bankruptcy Lawyer goes to Jail for Fraud

A Richmond, Virginia bankruptcy lawyer is going to jail for 12 months for committing bankruptcy fraud and for failing to pay her employee’s taxes.  The bankruptcy attorney failed to disclose a client’s inheritance and also convinced her client to give her $50,000 of the inherited funds.  In addition, the attorney failed to pay the IRS over $68,000 in payroll taxes for her employer.

If you are thinking of filing for bankruptcy, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Letter from the IRS?

This summer many taxpayers will receive letters from the IRS. There are several key steps to take when this happens and many places to get guidance.

Read the letter entirely and keep it for your records.

Compare it with your tax return; see if there are discrepancies between their letter and your return.

Respond (In a timely matter if necessary), if you disagree with the letter be sure to include supporting documents and a letter explaining your disagreement.

Pay if necessary; pay as much as you can or look into an Offer in Compromise.

Contact the IRS if issues arise; call the number in the upper right corner and have your tax documents handy.

Refer to https://www.irs.gov/taxpayer-bill-of-rights to learn more or reach out to our office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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IRS Letter CP2000 Explanation

What is it?

If the IRS detects a discrepancy between your return and your records, you will receive a letter in the mail proposing changes to your return. It is NOT an audit, but just a letter to inform you of the discrepancy.

What do you do if you receive one?

Read the notice carefully and compare your return to their proposed changes. If you agree with the changes, check the ‘agree’ box, sign and date it; mail it in using the enclosed envelope. If you do NOT agree to one or all of the proposed changes, still return the form by the due date; enclose a statement regarding why you do not agree to the changes, include copies of supporting documents. Also, check the ‘I do not agree’ box.

What else should you know?

You will be sent a revised CP2000 if you did not support your denial well enough or if there are still unresolved problems. If you fail to reply in time you will be sent a CP3219A for further action. If you cannot meet the due date call the IRS and ask for more time.

If you have tax issues and need someone to speak with, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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2019 Tax Season brings New 1040 Form

Recently, the IRS disclosed that they were working on shortening the 2019 tax season.

This streamlined form would be not only shorter, but simpler as well.

This form would condense the following 3 forms into one: 1040, 1040A and 1040EZ.

The IRS will be working with the tax community over the summer to ease the transition to the simplistic form. Tax professionals within the community can review a copy of the form and are encouraged to submit comments to WI.1040.Comments@IRS.gov.

If you have taxation questions, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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Penalty Relief: What you should know

After receiving a notice from the IRS stating that they assessed a penalty, check that information is correct, and then see if any of it is resolvable.

There are 3 types of penalty relief including reasonable cause, administrative waiver and first time penalty abatement, and statutory exemption.

Reasonable cause will be considered when a taxpayer can show the IRS that they tried to meet their financial obligations but were unable to do so due to extenuating circumstances such as a house fire or death in the immediate family.

First time abatement can be used when there have been no penalties assessed the three previous years, they filled all returns and have paid or are able to pay any tax due. Taxpayers can ask the IRS to consider the reasonable cause first in order to ‘save’ their abatement given it can only be used every 3 years.

Statutory exemption is for when taxpayers receive incorrect written advise from the IRS or legislation is the cause of an exemption.

If you have taxation questions, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

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