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Tag Archives: Camron Hoorfar
Bankruptcy and Divorce
In a Chapter 7 bankruptcy, domestic support obligations, under 11 U.S.C. 523(a)(5), and non-domestic support obligations, under 11 U.S.C. 523(a)(15) are not dischargeable. This means that they do not go away when a person files for bankruptcy. A domestic support … Continue reading
Divorce and Property Division
If you are facing a divorce, did you know that the increase in value of property that occurs during the marriage, even if it was separate property before the marriage, is marital property that needs to be divided in a … Continue reading
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Tagged Camron Hoorfar, Division, divorce, Hoorfar Law, Law Office of Camron Hoorfar, Property
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Making Up Numbers
When dealing with the Missouri Department of Revenue, if you fail to give them the necessary records, they are allowed to estimate your income until proven otherwise. If you need tax assistance, call our office at 816-524-4949.
Attorney Fees in Oklahoma Cases
Oklahoma courts allow for the award of attorney fees by statute if the lawsuit involves an action to recover for labor or services rendered, open accounts, statement of accounts, notes, negotiable instruments, or contracts relating to the purchase or sale … Continue reading
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Tagged Attorney Fees, Camron Hoorfar, Hoorfar Law, Law Office of Camron Hoorfar, Lawsuit, Oklahoma, Oklahoma Court, Statute
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2014 Tax Tip #8 – IRS Fees
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.
2014 Tax Tip #7 – Health Insurance Penalties
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 … Continue reading
2014 Tax Tip #6 – Mileage
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 … Continue reading
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Tagged Camron Hoorfar, Hoorfar Law, Law Office of Camron Hoorfar, Medical Mileage, Mileage, tax return, Tax Tip
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2014 Tax Tip #5 – Payments from an LLC
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 … Continue reading
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Tagged Camron Hoorfar, Hoorfar Law, Law Office of Camron Hoorfar, LLC, Self-Employment Taxes, Tax Court, Tax Tip
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2014 Tax Tip #4 – Bitcoins
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.
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Tagged Bitcoins, Camron Hoorfar, Hoorfar Law, Internal Revenue Service, IRS, Law Office of Camron Hoorfar, Tax Tip
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2014 Tax Tip #3 – Severance Payments
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.