The filing fees for installment agreements have increased to $120.00 and the filing fees for offers-in-compromise have increased to $186.00. If you need assistance getting an installment agreement or offer-in-compromise, contact our office at 816-524-4949.
After 2013, taxpayers must pay a penalty if they do not maintain minimum health insurance coverage. However, there are a number of exceptions that you may qualify for. If you need assistance in preparing a tax return, contact our office at 816-524-4949.
The 2014 optional mileage allowance for vehicles used for business travel has decreased to 56 cents per mile. Medical mileage has also decreased to 23.5 cents per mile. If you need assistance preparing a tax return using mileage, contact our office at 816-524-4949.
The Tax Court has stated that disbursements, or payments, from an LLC taxed as a partnership to its primary owner were considered guaranteed payments. Guaranteed payments are subject to self-employment taxes. If you need tax assistance, contact our office at 816-524-4949.
The IRS has stated that virtual currency is treated as property for tax purposes and will be subject to general tax principles for property transactions. For more tax help, contact our office at 816-524-4949.
Severance payments are now subject to FICA, also known as Social Security taxes, and that the payments were treated as wages. For more tax tips, contact our office at 816-524-4949.
The following is a list of tax breaks that expired at the end of 2013:
For more tax benefits, contact our office at 816-524-4949.
The Tax Court has ruled that a taxpayer is limited to one IRA rollover for all IRA accounts. This rule takes effect in 2015. If you have a tax situation that needs fixing, contact our office for assistance at 816-524-4949.
Thinking of filing bankruptcy but too embarrassed to contact our office? Well don’t be. Here is a list of some famous people who have filed for bankruptcy:
Stephen Baldwin 2009
Kim Basinger 1993
Gary Burghoff 1991
Gary Busey 2012
Tia Carrere 1986
Donna Derrico 2014
Nicole Eggert 2012 and 2013
Zsa Zsa Gabor 1993
Sherman Hemsley 1999
Lorenzo Lamas 2004 and 2014
Mekhi Phifer 2014
Randy Quaid 2000
Burt Reynolds 1996
Wesley Snipes 2006
Leif Garrett 2001
Abby Lee Miller 2010
David Crosby 1985
Mick Fleetwood 1984
Jerry Lee Lewis 1988
Wayne Newton 1992
Dionne Warwick 2013
David Allan Coe 1985
Casey Anthony 2013
John Bobbitt 1993
Janice Dickinson 2013
Heidi Fleiss 1999
Arsenio Hall 2008
If you are interested in filing for bankruptcy, contact our office at 816-524-4949.
1. Hire companies that are known or recommended.
2. Check the credentials of the company through the Attorney General or Better Business Bureau.
3. Get at least two estimates for any work.
4. Get all agreements in writing.
5. Pay in full only when all the work is done.
If you need legal assistance, contact us at 816-524-4949.