Tag Archives: Attorney

Capital Losses

Posted on July 8, 2015 by Camron Hoorfar

While the basics for capital gains apply to capital losses as well, there are a few special rules that apply to capital losses. First, you cannot deduct any losses that you incur as a result of selling your personal-use property. … Continue reading →

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Capital Gains

Posted on July 7, 2015 by Camron Hoorfar

Almost everything we own and use is a capital asset. Some examples are a home, household furnishings, stocks, or bonds. Any time a capital asset is sold, the difference between the selling price and what you paid for it originally … Continue reading →

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Protection Orders from Texts

Posted on July 6, 2015 by Camron Hoorfar

Missouri law states that, in order to have a protection order issued, the complainant must suffer some sort of alarm.  Angry texts and intrusive behavior is not enough to have a protection order issued against someone.  If you would like … Continue reading →

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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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Suing an Out-of-State Defendant in Your State

Posted on June 25, 2015 by Camron Hoorfar

If you engage in a transaction or business with someone or a company that is outside Missouri, but you are located in Missouri, and the transaction goes awry, you are able to sue that person or company in Missouri.  Missouri … 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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