Monthly Archives: April 2015

Foreclosure Equals Loss of Ownership

Posted on April 30, 2015 by Camron Hoorfar

When a foreclosure occurs, the mortgagor (the person who borrowed the money for the house) loses their interest in the property.  The mortgagee (the lending institution or bank) takes the property back and sells it to the highest bidder.  The … Continue reading →

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Being a Terminated Parent

Posted on April 29, 2015 by Camron Hoorfar

Before the courts take away your parental rights, the courts should give notice of your offending actions and give you sufficient time to fix or amend your ways.  However, if you fail to take corrective measures, a court may terminate … Continue reading →

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Tips about Tipping the IRS

Posted on April 28, 2015 by Camron Hoorfar

Here are a few tips about paying your taxes: Never send cash. The IRS accepts checks and electronic payments, including debit or credit cards. You can pay the IRS through direct withdrawal of your bank account using the IRS Direct … Continue reading →

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Fixing your Tax Mistakes

Posted on April 23, 2015 by Camron Hoorfar

If you made a mistake on your tax return, you may want to amend your tax return to fix the problem.  Here are a few tips about amending your tax return: Use Form 1040-X to amend your federal tax return. … Continue reading →

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Tax Procrastinator

Posted on April 21, 2015 by Camron Hoorfar

Tax day (April 15) has come and gone.  If you didn’t file or forgot to file your income tax return, you may be hit with a few penalties.  The failure to file penalty is assessed when a taxpayer does not … Continue reading →

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Retiring your Retirement

Posted on April 17, 2015 by Camron Hoorfar

Here are a few facts (according to Money.com) about retirement accounts.  How do you stack up? The average retirement account balance for men is $121,000. The average for women is $78,000. The average contribution to a 401(k) account is $9,600. … Continue reading →

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No Money, Better File

Posted on April 14, 2015 by Camron Hoorfar

Did you prepare or are getting ready to prepare your income taxes?  If so, and you owe more than you can afford to pay, don’t make the mistake of not filing your income tax return.  Even if you cannot pay … Continue reading →

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Major League Bankruptcies

Posted on April 10, 2015 by Camron Hoorfar

Bankruptcy can happen to anyone.  It is nothing to be ashamed of.  Bankruptcy can be a tool to assist those in need.  However, if you are thinking of filing bankruptcy and wondering who has been in your same situation, take … Continue reading →

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Tips about Donations

Posted on April 9, 2015 by Camron Hoorfar

When giving a gift to charity or your church, no matter how big your donation may be, be sure to take into account these tips: Donate to a qualified charity. If they do not have their tax exemption from the … Continue reading →

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Explaining Estimated Tax Payments

Posted on April 8, 2015 by Camron Hoorfar

Any taxpayer that owes $1,000.00 or more on their most recent tax return must pay estimated taxes.  Estimated tax payments are tax pre-payments that must be made throughout the year, before the return is filed, to make the IRS feel … Continue reading →

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