Monthly Archives: November 2017

Lee’s Summit Man Convicted of Owning a Street Sweeper

Ronald White Jr. of Lee’s Summit was convicted of owning a street sweeper 12 gauge shotgun that was drum fed. The conviction will land Mr. White ten (10) years in prison. If you have been charged with a crime and … Continue reading

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Dairy Queen Closes 22 Locations

The owner of a Dairy Queen franchise has filed for bankruptcy and has closed 22 stores in Texas, Oklahoma, and New Mexico. If you have a business that is in financial trouble and need assistance, contact our law office at … Continue reading

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Business Cats

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 … Continue reading

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Starving Artists

For artists who have always wanted to pursue their dreams of being poor in pursuit of their art, but who have worried about how to pay their minuscule tax bill, there is a special deduction to the rescue. This deduction … Continue reading

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Deductible Muscles

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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Drugs and the Tax Man

Regardless of whether their activities are legal under state law, drug dealers have to deal with special tax laws designed to discourage their activities. IRC 280E states that any deductions from an illegal drug business  are not allowed. The definition … Continue reading

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Upcoming Tax Deadlines

Here are some upcoming tax deadlines to be aware of: March 15, 2018 – Partnership tax filing deadline S Corp. tax filing deadline April 17, 2018 – Individual tax filing deadline IRA contribution deadline C Corp. tax filing deadline If … Continue reading

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Don’t Hide Illegal Income

Al Capone, one of the most notorious gangsters in American history, wasn’t convicted of murder, extortion, or any number of his other criminal activities. Instead, he was brought down because he didn’t pay his taxes. It was also a powerful … Continue reading

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Crime Doesn’t Pay

In another attempt to claim a deduction out of the ashes of a fire, a taxpayer attempted to deduct the cost of hiring his arsonist. This enterprising individual decided that insurance wasn’t good enough by itself. he decided to also … Continue reading

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Losing your Bankruptcy Due to Not Following the Rules

In order to file for bankruptcy, you need to follow all of the federal bankruptcy rules and regulations.  Failure to follow the rules can land you in hot water.  One couple lost their ability to erase their debts because they … Continue reading

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