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Author Archives: Camron Hoorfar
From markers to face masks, classroom supplies may be tax deductible
Teachers go above and beyond for their students, often buying classroom supplies needed to make learning successful. The educator expense deduction allows eligible teachers and administrators to deduct part of the cost of technology, supplies and training from their taxes. … Continue reading
Posted in General, Taxation
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U.S. Household Debt Tops $16 Trillion Amid Rising Inflation
U.S. household debt increased to a record $16.15 trillion in the second quarter, driven mostly by a $207 billion jump in mortgage balances, with credit card and auto loan debt also rising as consumers raised their borrowing to deal with … Continue reading
Posted in Debt, General
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Worker Classification 101: employee or independent contractor
A business might pay an independent contractor and an employee for the same or similar work, but there are key legal differences between the two. It is critical for business owners to correctly determine whether the people providing services are … Continue reading
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Coinbase Faces SEC Probe on Crypto Listings; Shares Fall
Coinbase Global Inc. is facing a U.S. probe into whether it improperly let Americans trade digital assets that should have been registered as securities. The company’s shares fell as much as 9.2%. The U.S. Securities and Exchange Commission’s scrutiny of … Continue reading
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CEO of Reality TV Production Companies Sentenced to One Year in Federal Prison for Defrauding Private Lender Out of $2 Million
The CEO of two Hollywood production companies that specialize in reality-television programming was sentenced to 12 months and one day in federal prison for fraudulently obtaining a $2 million business loan using fabricated documents and by misrepresenting his companies’ financial … Continue reading
Posted in Bankruptcy, General
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Ex-Coinbase Employee and 2 Others Charged with Insider Trading of Cryptoassets
Federal authorities filed criminal and civil charges against a former Coinbase employee and two other men in an insider-trading case involving confidential information about cryptocurrency assets that were about to be posted on Coinbase’s exchange. All three of the men … Continue reading
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Ex-Coinbase Employee and 2 Others Charged with Insider Trading of Cryptoassets
Federal authorities filed criminal and civil charges against a former Coinbase employee and two other men in an insider-trading case involving confidential information about cryptocurrency assets that were about to be posted on Coinbase’s exchange. The three men were involved … Continue reading
Posted in General
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Justice Department Seizes $500,000 from North Korean Hackers
The Department of Justice (DOJ) was able to restore the funds of hospitals in Kansas and Colorado that had recently been victims of ransomware attacks. The agency seized and returned nearly half a million dollars from North Korean hackers to … Continue reading
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Former Overland Park businessman sentenced for employment tax fraud
According to court documents and statements that were made in court, starting in 2010, Lance Ashley was the sole owner and operator of Ashley Home Care Services, a home health care business providing daily living services. Ashley was responsible for … Continue reading
Posted in Fraud, Taxation
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People without a filing requirement may miss out on a refund if they don’t file a 2021 tax return
Some people may choose not to file a tax return because they didn’t earn enough money to be required to file but may miss getting a refund if they don’t file. While the filing deadline is October 17, 2022 to … Continue reading
Posted in General, Taxation
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