Tag Archives: Hoorfar Law

Small businesses slowly pick up hiring pace

Posted on August 12, 2013 by Camron Hoorfar

Small businesses are gradually picking up the pace of their hiring, according to recent reports. The payroll company ADP said that its small business customers added 58,000 jobs last month, up from 50,000 in April. The company also revised its … Continue reading →

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Some Americans Regain Wealth from Recession

Posted on August 7, 2013 by Camron Hoorfar

America as a whole has regained all the household wealth it lost to the recession and then some, thanks to higher stock and home prices. The average household still has a long way to go. U.S. household wealth jumped $3 … Continue reading →

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Costly Debt Settlement Schemes Prey on the Most Debt-Burdened Consumers Struggling to Recover from Economic Downturn

Posted on August 6, 2013 by Camron Hoorfar

WASHINGTON, D.C. – October 17, 2012 – As few as one in 10 unwary consumers who are lured into so-called “debt settlement” schemes actually end up debt free in the promised period of time, making the risky schemes the No. … Continue reading →

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Reduce Your Taxes with Miscellaneous Deductions

Posted on August 5, 2013 by Camron Hoorfar

If you itemize deductions on your tax return, you may be able to deduct certain miscellaneous expenses. You may benefit from this because a tax deduction normally reduces your federal income tax. Here are some things you should know about … Continue reading →

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Eight Tips for Taxpayers Who Owe Taxes

Posted on August 2, 2013 by Camron Hoorfar

While most taxpayers get a refund from the IRS when they file their taxes, some do not. The IRS offers several payment options for those who owe taxes. Here are eight tips for those who owe federal taxes. 1. Tax bill … Continue reading →

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The Taxpayer Advocate Service: Helping You Resolve Tax Problems

Posted on July 31, 2013 by Camron Hoorfar

The Taxpayer Advocate Service (TAS) is an independent organization within the IRS that helps taxpayers who are experiencing unresolved federal tax problems. Here are 10 things every taxpayer should know about TAS: 1. The Taxpayer Advocate Service is your voice at … Continue reading →

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Simplified Option for Home Office Deduction

Posted on July 29, 2013 by Camron Hoorfar

  Do you work from home? If so, you may be familiar with the home office deduction, available for taxpayers who use their home for business. Beginning this year, there is a new, simpler option to figure the business use … Continue reading →

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How to Get a Transcript or Copy of a Prior Year Tax Return

Posted on July 24, 2013 by Camron Hoorfar

There are many reasons why you should keep a copy of your federal tax return. For example, you may need it to answer an IRS inquiry. You may also need it to apply for a student loan or a home … Continue reading →

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Temporary Jobs Becoming a Permanent Fixture

Posted on July 23, 2013 by Camron Hoorfar

Hiring is exploding in the one corner of the U.S. economy where few want to be hired: Temporary work. From Wal-Mart to General Motors to PepsiCo, companies are increasingly turning to temps and to a much larger universe of freelancers, … Continue reading →

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Six Tips on Gambling Income and Losses

Posted on July 22, 2013 by Camron Hoorfar

Whether you roll the dice, play cards or bet on the ponies, all your winnings are taxable. The IRS offers these six tax tips for the casual gambler. 1. Gambling income includes winnings from lotteries, raffles, horse races and casinos. It … Continue reading →

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