No Sales Tax for Installing Appliances
February 26th, 2018
Kansas does not impose a sales tax on the services of installing or applying tangible personal property, such as when Lowe’s sends independent contractors to install built-in appliances.
If you are having tax issues and need assistance, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
2017 Tax Season Starts January 29
January 19th, 2018
The IRS has stated that it will begin accepting tax returns on January 29, 2018. The tax deadline to file your 2017 income tax returns is April 17, 2018. Tax refunds are expected to begin being paid out around the middle of February 2018.
If you need assistance in preparing your 2017 income tax return, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Tax Department Can Estimate Your Business Income
January 18th, 2018
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 your bank statements or other documents, you may be charged a penalty for failing to keep adequate records.
If you have tax issues and need someone to speak with, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Upcoming Tax Deadlines
January 15th, 2018
Partnerships and S Corporations must file by March 15, 2018 C Corporations must file by April 17, 2018 Individuals must file by April 17, 2018 IRA contributions for 2017 can be made until April 17, 2018 If you would like to have your income tax return prepared for you, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
IRS Accepting Returns this Month
January 10th, 2018
For the 2017 tax year, the Internal Revenue Service will be accepting tax returns beginning January 29, 2018. The Internal Revenue Service will be issuing tax refunds for the earned income credit on February 27, 2018. The last day to file your tax return is April 17, 2018.
Rapper DMX Pleads Guilty to Tax Fraud
December 19th, 2017
Rapper DMX has pled guilty to tax fraud, admitting he hid millions of dollars from the IRS in order to try and save $1.7 million in taxes. DMX is currently undergoing rehabilitation for drug and alcohol issues.
If you have issues with the IRS, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Vitamin World to Close 124 Stores
December 11th, 2017
Vitamin World has hired a company to assist it with shutting down 124 stores in 30 states.
If you have a business that is struggling financially, and you would like to speak to an attorney, 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.
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.