Tag Archives: Tax

Tax Department Can Estimate Your Business Income

Posted on January 18, 2018 by Camron Hoorfar

The Missouri Department of Revenue is able to review your bank statements and credit card transactions, among other documents, to determine how much money you made and whether you accurately reported your income.  If you do not provide them with … Continue reading →

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Deductible Muscles

Posted on November 15, 2017 by Camron Hoorfar

Wheir was a body builder who attempted to deduct some body building expenses because he believed he was in the business of body building. Some of his expenses included bison meat, which he ate at the rate of 3 pounds … Continue reading →

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Honey, Did You Pay the Babysitter

Posted on July 7, 2017 by Camron Hoorfar

Wouldn’t it be nice if the IRS allowed a deduction so that you and your spouse can go on a date night? Well they don’t. But one woman, in Kingsley v Commissioner, was allowed a deduction for paying a babysitter … Continue reading →

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Circus Camp

Posted on July 6, 2017 by Camron Hoorfar

As any parent knows, kids are expensive especially once they can walk, talk, and play sports or other extracurricular activities. To help with these expenses, the government offers the Child and Dependent Care Credit. This credit is up to $1,050 … Continue reading →

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Home from Colorado

Posted on July 5, 2017 by Camron Hoorfar

  Kansas, like several others, actually imposes a tax on the purchase or possession of a controlled substance within the state of Kansas. When the drug dealer pays the tax, they are given a special stamp to attach to the … Continue reading →

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It’s a Girl

Posted on March 2, 2017 by Camron Hoorfar

Egg donors have to go through a barrage of tests and hormone therapies and as such are compensated rather well. The payout for enduring the process generally runs around $50,000 for those who make it through. In Perez v. Commissioner … Continue reading →

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You’ve Won a New Car

Posted on February 27, 2017 by Camron Hoorfar

If you win the prize on a game show in California you have to pay a 10% withholding tax at the conclusion of the filming of the show. So if you didn’t win cash or bring a stack of hundreds … Continue reading →

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Pirate treasure and other found money

Posted on February 23, 2017 by Camron Hoorfar

Unlike the pirates of the past who were stealing from the Spanish crown, any U.S. taxpayer who finds buried loot will have to pay income taxes on it. This was established in Cesarini v. United States. Mr. Cesarini bought a … Continue reading →

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Camron Hoorfar is named 2017 Lawyer of Distinction

Posted on January 5, 2017 by Camron Hoorfar

Based upon Camron Hoorfar’s Avvo.com rating and numerous favorable reviews, Lawyers of Distinction has named Camron Hoorfar a 2017 Lawyer of Distinction. This award is generally given to the top ten percent (10%) of attorneys in the area. If you are … Continue reading →

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Missouri Use Tax

Posted on June 23, 2016 by Camron Hoorfar

Be careful what you buy on Amazon and other online stores! All tangible personal property that you store, use, or consume in the state of Missouri is subject to a use tax. It does not apply, however, to goods that … Continue reading →

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