Tag Archives: Internal Revenue Service

Tax Tips for Hobbies

Posted on August 15, 2014 by Camron Hoorfar

Many people think that income earned from a hobby does not need to be reported on your tax return. Here are four tax tips you should know about hobbies: 1. Determine if your hobby is a hobby or business. IRS … Continue reading →

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Tips When you Owe the IRS

Posted on August 13, 2014 by Camron Hoorfar

If you owe the IRS any money, here are a few tips that you might be able to use to remedy your situation: 1. Payment in full. This one is pretty straight-forward. If you pay your tax bill in full, … Continue reading →

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IRS gives bonuses to their employees who didn’t pay their taxes

Posted on July 24, 2014 by Camron Hoorfar

In April of 2014, the IRS announced that it gave out almost $1.1 million in cash bonuses over a two year period to their employees who did not pay or underreported their taxes. In addition, the IRS gave out $2.8 … Continue reading →

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Sales Tax Can Getcha

Posted on June 17, 2014 by Camron Hoorfar

When a company is responsible for collecting sales tax and paying it to Missouri, the corporate officers can also be held responsible. If the officer had direct control, supervision, or responsibility for making the payments, or filed the tax returns, … Continue reading →

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Man Gets IRS to Pay Him

Posted on June 9, 2014 by Camron Hoorfar

A sixty-one year old taxpayer was involved in IRS audit on July of 2008. While attending the audit, the taxpayer tripped on a fifteen foot telephone cord and badly hurt himself. The injuries resulted in severe pain and the need … Continue reading →

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Summer Tax Tips for Students

Posted on May 30, 2014 by Camron Hoorfar

If you will be working your first job this summer, here are a few things you should know about taxes and Uncle Sam: 1) You are working to help Uncle Sam. 2) When you are an employee, your employer must … Continue reading →

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Frivolous Arguments

Posted on May 20, 2014 by Camron Hoorfar

Promoters of frivolous schemes encourage taxpayers to make unreasonable and outlandish claims to avoid paying the taxes they owe. The IRS has a list of frivolous tax arguments that taxpayers should avoid. These arguments are wrong and have been thrown … Continue reading →

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Phishing

Posted on April 18, 2014 by Camron Hoorfar

Phishing is a scam typically carried out with the help of unsolicited email or a fake website that poses as a legitimate site to lure in potential victims and prompt them to provide valuable personal and financial information. Armed with … Continue reading →

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Misuse of Trusts

Posted on April 17, 2014 by Camron Hoorfar

Trusts also commonly show up in abusive tax structures. They are highlighted here because unscrupulous promoters continue to urge taxpayers to transfer large amounts of assets into trusts. These assets include not only cash and investments, but also successful on-going … Continue reading →

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Impersonation of Charitable Organizations

Posted on April 15, 2014 by Camron Hoorfar

Following major disasters, it’s common for scam artists to impersonate charities to get money or private information from well-intentioned taxpayers. Scam artists can use a variety of tactics. Some scammers operating bogus charities may contact people by telephone or email … Continue reading →

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