Tag Archives: Lees Summit

Beware of New IRS Scams

These days, scam artists are posing as IRS agents trying to scare people into paying the scam artists money. In order to stop this scam from happening to you, check out a few of these tips: Scam artists use scare … Continue reading

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Back-to-School Education Credits

There are two tax tips you should know about sending your children off to college: The American Opportunity Credit allows a tax credit of up to $2,500 per year per eligible student. This credit can be claimed for up to … Continue reading

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Sex Tapes and Bankruptcy

Who says bankruptcy can’t be sexy? In the case of rapper 50 Cent, he has learned about bankruptcy the hard way. Rapper 50 Cent chose to file for Chapter 11 bankruptcy after being sued by Lastonia Leviston for $5 million. … Continue reading

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Terminating Maintenance or Alimony

Maintenance, or alimony, is when one person pays their ex-spouse for a certain period of time after their divorce in order to support their ex-spouse. However, a person’s requirement of maintenance stops, or terminates, when the ex-spouse re-marries. Getting re-married … Continue reading

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Cell-Phones can be searched through Warrants

  The U.S. Supreme Court has stated that cell phones are now subject to searches as long as the appropriate warrant has been issued. A law enforcement officer cannot search your cell phone without a warrant, unless you voluntarily give … Continue reading

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Modifying Child Custody

In Missouri, in order to apply for a change in your custody arrangement of a child, you must be able to show that there was a substantial change in circumstances. Recently, a Missouri court ruled that a substantial change in … Continue reading

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Military Tax Breaks

The IRS has allowed for certain tax breaks for members of the Armed Forces. Below are some of the tax breaks provided to servicemen and servicewomen: Members of the military in combat zones receive extensions on the due dates of … Continue reading

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Charity

You can generally deduct the full amount of the donation as long as it is to a qualified nonprofit. Some examples of qualified nonprofits are churches, governments, hospitals, the Salvation Army, United Way, Boy Scouts of America, and the American … Continue reading

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Claiming Insanity

Missouri courts require that when a person is declared mentally incompetent, that person cannot be tried, convicted, or sentenced of a crime. In order to be declared mentally incompetent, the jury must decide that you are mentally incapacitated and then … Continue reading

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Mortgage Interest

Anyone who owns a home as their primary residence and has a mortgage on the property can deduct the mortgage interest as an itemized deduction on Schedule A of their personal income tax return. In order to deduct the amount … Continue reading

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