Law Office of Camron Hoorfar, PC

Personal and business bankruptcy filings rose 16.2 percent in the twelve-month period ending Sept. 30, 2024, compared with the previous year.

According to statistics from the Administrative Office of the U.S. Courts, annual bankruptcy filings increased by nearly 100,000 over the previous year.

Business filings rose 33.5 percent and non-business bankruptcy filings rose 15.5 percent! Total filings have increased each quarter since June 2022.

If you are overwhelmed by your current financial situation, give the Law Office of Camron Hoorfar a call 816-944-0251.

The revenue procedure provides procedures and requirements that a manufacturer of specified property must follow to be treated as a qualified manufacturer (QM). To become a QM, a manufacturer must: 

• Register and enter into an agreement with the IRS.
• Assign a qualified product identification number (PIN) unique to each item of specified property.
• Label such items with PINs.
• Make periodic reports to the IRS of PINs assigned.  

Soon manufacturers will be able to use IRS Energy Credits Online Portal (IRS ECO) to register with the IRS. IRS ECO is a free electronic service that is secure and requires no special software, making it accessible to large and small businesses alike. 

Taxpayers can use the IRS ECO platform to register and provide information to the IRS for filing purposes. In addition, IRS ECO incorporates validation checks and other risk-mitigation measures and allows for monitoring in real time of key metrics to include identification of customer-service enhancements and fraudulent activity. 

Employers who hire certain groups of people are able to reduce the tax that they owe when they claim the Work Opportunity Tax Credit on their Federal Tax Returns. To receive this credit, the employer must first certify that the individual is an eligible employee.

If you are wondering if some of your workers could help reduce your tax debt, call the Law Office of Camron Hoorfar, 816-944-0251.

This month, over 250,000 consumers harmed by leasing company Tempoe will finally begin to receive refund checks in the mail.

Tempoe offered point-of-sale financing at major retailers, including Sears and Kmart. The CFPB took action against the company for tricking customers into expensive leasing agreements by hiding the contract terms and costs.

Tempoe’s practices left hundreds of thousands of customers on the hook to pay for merchandise they couldn’t afford or return. Tempoe generated approximately $192 million in revenues from about 325,000 consumers from its unlawful conduct.

If you have been a victim of predatory or deceptive lending, call the Law Office of Camron Hoorfar 816-944-0251.

A statute immunized the defendant from prosecution for possession of contraband substances when such possession was found “as a result of” a call for medical assistance. “As a result” of meant “because.” The defendant called for medical assistance but refused treatment and asked the responding law enforcement officer for ride to a gas station. The officer conditioned that favor on a search of the defendant for the officer’s safety. Defendant consented, the officer searched the defendant’s backpack, and the officer found contraband. That discovery happened because the defendant consented to a search, not because of the call for medical assistance. The call’s “but for” presence in a sequence of events did not make the call into the cause of the discovery. The Missouri Court of Appeals affirmed the conviction.
STATE OF MISSOURI, Respondent v. TIMOTHY LOUIS SMITH, Appellant

If you need help with your legal situation, call the Law Office of Camron Hoorfar 816-944-0251!