Filing Too Many Bankruptcies Can Lead to No Protection
December 13th, 2017
The automatic stay is what keeps creditors from collecting from a person when they file for bankruptcy. However, if the person files bankruptcy over and over, the court may rule that the automatic stay no longer exists, which would allow the person’s creditors to continue to collect from them.
If you have questions about bankruptcy or your options if you are in debt, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Liberty Attorney Found Guilty of Obstruction of Justice
December 12th, 2017
Robert Young II, a 48 year old attorney from Liberty, Missouri, was convicted of obstruction of justice for stealing money that was meant for restitution. According to the court records, Mr. Young stole approximately $62,000 in restitution money meant for the government.
If you have been charged with a crime and need representation, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
IRS Refuses Money from Disgraced Attorney
December 8th, 2017
A Texas attorney, who is facing up to 20 years in a federal prison, tried to pay the IRS $82,400 towards his back taxes. However, the IRS refused the money because the IRS believes the attorney stole the money from his law office’s trust account, which holds money that belongs to his clients.
If you have been charged with a crime or owe taxes to the IRS, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Tax Tips for the 2017 Tax Year
December 6th, 2017
Here are a few end of the year tax tips for 2017 before the new year:
- Take steps to accelerate your deductions
- Maximize your retirement contributions
- Bulk up your estimated tax payments
- Meet with your tax adviser
If you are needing tax assistance and would like to speak to a tax attorney, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Leawood, Kansas CPA Could be Going to Jail
December 5th, 2017
A former partner of an accounting firm in Leawood, Kansas pled guilty to the filing of false personal tax returns in an attempt to hide approximately $202,000. As part of his plea, the CPA will pay over $100,000 to the U.S. government in restitution and could face up to three (3) years in jail and a $250,000 fine.
If you are in tax trouble and need assistance, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Be Leary of Discount Bankruptcies
December 4th, 2017
A bankruptcy judge in Louisiana has stated that an attorney who assisted people filing for bankruptcy by offering a no-money-down arrangement could not seek reimbursement of any filing fees or other costs that the attorney fronted for the clients.
Bankruptcy is a very complicated process and is not taken lightly by experienced bankruptcy attorneys. When choosing a bankruptcy attorney, be careful of discount bankruptcy prices because you may end up with a cheap bankruptcy experience.
If you are thinking of filing for bankruptcy and would like to speak to an attorney, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Lee’s Summit Man Convicted of Owning a Street Sweeper
November 30th, 2017
Ronald White Jr. of Lee’s Summit was convicted of owning a street sweeper 12 gauge shotgun that was drum fed. The conviction will land Mr. White ten (10) years in prison.
If you have been charged with a crime and need help, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Dairy Queen Closes 22 Locations
November 29th, 2017
The owner of a Dairy Queen franchise has filed for bankruptcy and has closed 22 stores in Texas, Oklahoma, and New Mexico.
If you have a business that is in financial trouble and need assistance, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
November 21st, 2017
A 2001 tax court case allowed a business man who owned a junkyard to deduct the cost of cat food for stray cats. The junkyard owner was feeding the stray cats to attract then to his junkyard in order to to get rid of his snake and rodent problem.
The Tax Court sided with the junkyard owner, stating that the deduction for the cat items was allowable because controlling the rodent population was an ordinary and necessary expense for a junkyard.
If you need help with your taxes, give our office a call at 816-524-4949 or visit our website at www.Hoorfarlaw.com.
November 20th, 2017
For artists who have always wanted to pursue their dreams of being poor in pursuit of their art, but who have worried about how to pay their minuscule tax bill, there is a special deduction to the rescue. This deduction is meant for actors, musicians, and dancers. Unfortunately, the rules required to meet this deduction can be somewhat cumbersome.
First, the artist must have been a W-2 employee for at least two employers during the year and each employer must have paid the artist at least $200.
Second, the expenses that the artist is deduction must be more than 10% of the total income from the artist’s work.
Third, the artist’s total gross income must be less than $16,000. This number was set in 1986 and has never been adjusted.
The problem with this deduction is that if the artist’s income is less than $16,000, they have little to no taxes to pay anyways. But, just in case, there is a special deduction just for starving artists.
If you need help with your taxes, give us a call at 816-524-4949 or visit our website at www.Hoorfarlaw.com.