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Divorce and Social Security

February 5th, 2016

divorce benefits

Under the New Rules Due to new laws regulating the administration of Social Security benefits, divorced spouses, under the age of 62, will no longer be able to collect spousal benefits while their own Social Security benefits continue to grow.  Under the new law, a divorced person must choose between taking their spousal benefits or taking their own Social Security benefits.

If you are getting a divorce or have been divorced, contact our law office at www.Hoorfarlaw.com or 816-524-4949.

 

Rear-End Collisions

February 4th, 2016

rear end collision

Missouri law states that if you rear-end another person’s car, you will be deemed guilty and at-fault for the car accident unless you can prove otherwise.

If you have been in a car accident and need some help, contact our law office at 816-524-4949 or www.Hoorfarlaw.com.

 

Missouri Supreme Court Rules Attorneys Must Tell the Entire Truth

February 3rd, 2016

lawyer

In an action against Sanford Krigel of the law firm Krigel and Krigel, the Missouri Supreme Court ruled that an attorney is not allowed to provide false or misleading testimony or statements.

If you are looking for an honest attorney who will always tell you the truth, contact our law office at 816-524-4949 or www.Hoorfarlaw.com.

 

Alimony

February 2nd, 2016

tax refund

Alimony that is received by a taxpayer must be included as income on that person’s tax return.

Anyone who pays alimony can deduct the alimony payments on the first page of their federal tax return.

However, in order to be deductible, a few rules must be met:

1.The alimony must be paid by cash, check, or money order.

2.The divorce decree between the former spouses must designate the payments as alimony.  Child support is not deductible.  Neither are property settlement payments.

3.The alimony payments must stop at the death of the former spouse.  If they don’t, then the IRS will not consider the payments alimony.

If you need help filing your tax return, you can contact us at 816-524-4949, or look us up at Hoorfarlaw.com.

 

Student Loan Interest

February 1st, 2016

student-loan-debt

If you went to law school in the last 50 years, then there is a good chance that you had to take out some sort of student loan.  While your student loan payments may be killing your wallet, Uncle Same wanted to relieve a little bit of that financial stress by allowing you to deduct the interest that you paid in a tax year on your student loans.

The deduction is taken on the first page of your federal tax return and can be taken regardless of whether you itemize your deductions or not.  This means that the deduction is not subject to a 2% or 10% limitation.

However, there are some limitations to taking the deduction.  First, your filing status cannot be married filing separately.

Second, you cannot be claimed as a dependent on someone else’s return.  However, you can deduct any interest paid by your dependents or on behalf of your dependents.

In order to figure out how much in interest you paid for the year, your student loan company will send you the paid interest amount on a Form 1098-E. However, this deduction is reduced as your income grows.

If you are needing some help with your taxes give us a call at 816-524-4949, or visit our website at Hoorfarlaw.com.

 

Tax Preparation Fees

January 29th, 2016

tax tip

An often overlooked itemized deduction is the deduction of tax preparation fees.  Generally, anyone you pay to prepare or assist in the preparation or review of your income tax return can be deducted on Schedule A.

The tax preparation fees include any money you paid to a tax attorney, accountant, bookkeeper, or tax preparation software program to prepare your federal tax return.  The deduction also include any fees you incurred in order to electronically file your return.

However, the fees are not deductible unless they exceed 2% of your federal adjusted gross income. If you would like some help with your taxes, feel free to contact us at 816-524-4949 or Choorfar@hoorfarlaw.com. 

 

When Child Support Modification Takes Effect

January 28th, 2016

money
In Missouri, the modification of a child support request takes effect at the time the motion or request is served on the other party.  It does not take effect when the change of circumstances actually occurred.  If you would like to try and modify your child support, contact our office at 816-524-4949.

 

Setting Aside a Judgment

January 26th, 2016

law

In Kansas, after a judgment is entered, a person can try and set aside, or vacate, the judgment in order to have the case re-litigated.  However, in order to set aside the judgment, the person must show that there was some excusable neglect.  Unfortunately, as stated in the case of Morton County Hospital v. Howell, not understanding what you are admitting to when you admit to a judgment does not constitute excusable neglect.  Therefore, if you admit to a judgment, you cannot undo the judgment simply because you did not know what you were doing.

If you have judgments against you and would like some assistance, contact our law office at www.Hoorfarlaw.com or 816-524-4949.

 

Reducing Your Alimony or Maintenance Payments

January 25th, 2016

pay

In Missouri, in order to try and reduce your alimony payments or maintenance payments to a former spouse, you must show that you have had a substantial and lasting change in circumstances from when the alimony or maintenance payments were ordered.  If you cannot show a change, your payments will not be adjusted.

If you would like to try and reduce your alimony, maintenance, or child support payments, contact our law office at www.Hoorfarlaw.com or 816-524-4949.

 

Entertainment is Subject to Sales Tax

January 22nd, 2016

dance

Missouri has ruled that a person must pay sales tax on any activity that occurs in any place of amusement, entertainment, or recreation.  This rule includes dance lessons, as Miss Dianna’s School of Dance learned earlier this year.  Therefore, if you own a business, you may want to make sure that you are correctly charging, or not charging, sales tax to your customers.

If you have tax issues and would like some help, contact our law office at www.Hoorfarlaw.com or 816-524-4949.

 
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