Tag Archives: LOCH

Poor, Disabled Woman Cannot Get Rid of Student Loans in Bankruptcy

Posted on July 1, 2015 by Camron Hoorfar

In a recent bankruptcy court decision, a 45 year old unemployed, disabled woman was not able to get rid of $37,000 in student loans.  The bankruptcy court ultimately decided that she did not make a good enough effort to repay … Continue reading →

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Paying a Family Member’s Debt

Posted on June 30, 2015 by Camron Hoorfar

A question often asked is whether there are any tax implications to paying a debt for a family member.  The answer is yes. Every year, a person can give a gift up to $14,000.00 to one person without having to … Continue reading →

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Going After Someone’s Ownership in a Business

Posted on June 26, 2015 by Camron Hoorfar

A charging order allows a creditor to receive the distributions of a debtor’s business to the debtor in order to pay off a debt.  This allows the creditor to stand in the shoes of the debtor when receiving any money … Continue reading →

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Small Business Retirement Plan Penalty

Posted on June 24, 2015 by Camron Hoorfar

If you are a small business with a retirement plan, here are a few tips you should check out: Plan administrators and sponsors who fail to file the required forms can face up to $15,000 in penalties per return. There … Continue reading →

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Failure to Deposit Payroll Taxes

Posted on June 23, 2015 by Camron Hoorfar

If you are an employer, the IRS requires that you make your payroll tax deposits through the Electronic Federal Tax Payment System (EFTPS).  However, if you fail to use the EFTPS to make the deposits, the IRS will assess a … Continue reading →

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Confusing Contract Terms

Posted on June 19, 2015 by Camron Hoorfar

In order to have a valid contract in Missouri, there must a meeting of the minds.  This means that one person must offer the terms, and the other person involved must accept those terms.  If the other person sends different … Continue reading →

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Modifying Child Support for Taxes

Posted on June 18, 2015 by Camron Hoorfar

Missouri law states that a parent cannot attempt to modify the amount of child support that they are supposed to pay because of a change in tax circumstances.  In order to modify a child support order, there must be a … Continue reading →

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Tax Tips for a Disaster

Posted on June 12, 2015 by Camron Hoorfar

Storm season is upon us, and in light of the upcoming weather, here are a few tips to remember in order to try and save your records: Make your documents electronic. Scan and save as many documents as possible. This … Continue reading →

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Guardian Ad Litems

Posted on June 10, 2015 by Camron Hoorfar

Guardian Ad Litems are attorneys that represent the interests of a child or children during a divorce or custody modification.  In a custody modification, unless charges of abuse or neglect are pleaded or shown, a Guardian Ad Litem must be … Continue reading →

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Spending $1 million

Posted on June 9, 2015 by Camron Hoorfar

 If you had $1 million in savings, how long would it last you? Here are some answers: At $30,000/year, it could last you 25 years. At $40,000/year, it could last you 20 years. At $50,000/year, it could last you 14 years. … Continue reading →

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