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Posts Tagged ‘IRS’

Lawyer Jailed for 18 Months for Defrauding NFL Players

September 27th, 2017

A former Chicago attorney has been sentenced to 18 months for orchestrating a tax fraud scheme that defrauded millions of taxes from the IRS and financially harmed NFL players.

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

Things To Do with Your Income Tax Refund

March 21st, 2017

tax refunds

Each year, around this time, you may be getting a tax refund.  Instead of spending it on a big screen TV or a new IPhone, here are a few other things to spend your refund on:

  1. Start a savings account
  2. Pay down or settle some of your debt
  3. Invest the money into a retirement account
  4. Buy life insurance
  5. Take care of some outstanding legal issues.

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

Unclaimed Tax Refunds Reaches $1 Billion

March 20th, 2017

unclaimed tax refund

The IRS has recently announced that the amount of unclaimed income tax refunds now totals more than $1 billion.  The IRS estimates that 11,100 people in Kansas are due a refund with the average refund being $746.  The IRS estimates that 22,400 people in Missouri are due a refund with the average refund being $705.

If you need tax assistance, contact our law office at 816-524-4949 or visit our website at www.Hoorfarlaw.com.

IRS Relaxes IRA Transfer Rules

November 30th, 2016

401k

The IRS has recently relaxed a long-time rule punishing people who do not correctly transfer money from one retirement account to another within sixty (60) days of pulling out the money.  Now, the IRS offers some exceptions to this sixty (60) day rule, including a lost check or a death in the family.

If the IRS is causing you problems, contact our law office at 816-524-4949 or visit our website at www.Hoorfarlaw.com.

The IRS May Have Lost Your Identity

September 13th, 2016

lost

Last month it was discovered that the IRS realized that illegal immigrants stole more than 1 million Social Security Numbers from Americans.  To make matters worse, the IRS knew about the problem five (5) years ago but never told anyone about the problem, including the people whose identities were stolen.

If you are having tax troubles, contact our law office at 816-524-4949 or visit our website at www.Hoorfarlaw.com.

That’s Insane! Part Two:

August 16th, 2016

crazy cat lady 2

Next up in our series of crazy ways people have legally avoided taxes is Jan Van Dusen, the definition of a crazy cat lady. At one point, Ms. Van Dusen had taken in so many cats that she was caring for 70-plus cats at one time in her home. It’s safe to assume that caring for that many animals is going to come with a rather large price tag. On one tax return, Ms. Van Dusen tried to write off $12,068 for items such as cat food and vet bills. Normally, these would be considered personal taxes but Jan Van Dusen was prepared to take on the IRS herself in order to save her cats. Eventually, she was able to convince the IRS that her operation was more of an animal shelter organization, since her house was so overrun by felines that she was unable to ever have people over, and was able to get deductions for most of her claims. If you have tax trouble, contact our office at 816-524-4949 or check out our website at Hoorfarlaw.com.

That’s Insane! Part One:

August 15th, 2016

pay your taxes 2

This series will outline some of the most insane ways people have legally avoided paying taxes. Remember, these posts are just to give you a glimpse into the sometimes odd thinking of the US Tax Court, not to give you any ideas on how to get out of your taxes.

First up we have Justin Rohrs, a man who slid his truck off an embankment, totaled his car, and was charged with driving under the influence. After being denied his insurance claim of $33,629, Rohrs attempted to deduct the loss of his vehicle from his taxes. He was originally denied, but somehow the US Tax Court decided that Rohrs’ deserved a casualty loss deduction for his truck. According to tax law, if an accident was not caused by your own willful negligence or actions, the costs from the accident are a valid deduction. Somehow, a judge was convinced that drunk driving was not acting with negligence – moral of the story, don’t think you will be able to convince any other judge of the same. If you have tax trouble, contact our office at 816-524-4949 or check out our website at Hoorfarlaw.com.

Ways to Get Paid

August 11th, 2016

tax refunds

While there are many ways to pay the IRS, there are only a few methods to get money out of the IRS.

The first method, direct deposit, is the most popular and most-favored by taxpayers.  It is a free service that automatically deposits the tax refund in your checking account or savings account.  You can even have the IRS split the tax refund up into different accounts instead of having one large deposit.  This method is also the fastest way of getting money from the IRS, with the average wait time of 21 days from the acceptance of an e-filed return.

The second method, U.S. Series I savings bonds, is probably the least-favored method.  It allows a taxpayer to use all or a portion of their tax refund to buy a savings bond for the taxpayer or for anyone else the taxpayer chooses.  The amount of the bonds purchased must be in $50 increments and are made possible by completing Form 8888.

The third method, a paper check, is the slowest method in getting a tax refund.  This option is available to anyone who does not desire or does not qualify for direct deposit or obtaining a savings bond.  Under this method, the taxpayer receives a check from the IRS for the amount of their tax refund.  The disadvantage to this method is that it can take up to 12 weeks to process the refund and the check is mailed to you, which could result in the check being lost in the mail.

If you are have tax trouble, feel free to contact us at 816-524-4949 or visit our website at www.Hoorfarlaw.com.

Judges Have to Pay Their Taxes Too

June 20th, 2016

judges

A former U.S. Tax Court Judge and her husband have been indicted for obstructing an IRS audit and conspiracy to evade taxes of more than $400,000. It was found that for part of her term, Diane Kroupa and her husband claimed multiple vacations, wine club fees, spa trips, vacation home expenses and much more as business expenses for their consulting company, Grassroots Consulting. Both are now charged with conspiracy, tax evasion, making and subscribing false tax returns, and obstruction of an IRS audit. Just a friendly reminder that reporting personal expenses as business expenses on your tax return is illegal, regardless of your job position. If you are in tax trouble, contact our office at 816-524-4949 or check out our website at Hoorfarlaw.com.

Go for the Big Gulp, Stay for the Tax Payments

June 17th, 2016

BIG GULP

The IRS is now offering one more way to pay your taxes – the local 7-Eleven. Individual taxpayers can elect to pay their balance in cash through OfficialPayments.com and PayNearMe. After following a few short steps, the taxpayer will be sent a payment code along with a list of the closest 7-Eleven stores. The IRS is warning individuals to watch out for email schemes surrounding this program – the message will always come directly from OfficialPayments.com or PayNearMe once the payment process is initiated. If you owe money to the IRS and need some help, contact our office at 816-524-4949 or check out our website at Hoorfarlaw.com.