Tag Archives: Tax

Debt Collectors, Payday Lenders Collected over $500 Million in Federal Pandemic Relief

More than 1,800 Paycheck Protection Program loans last year went to debt collectors and high-interest lenders, according to the Washington Post. The aid to these firms amounted to more than $580 million. More than 170 of those recipients have been … Continue reading

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2020 Tax Tip – Mileage

The mileage rate for businesses for 2020 is being reduced from 58 cents per mile to 57.5 cents per mile.  The medical mileage rate for individuals for 2020 is being reduced from 20 cents per mile to 17 cents per … Continue reading

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2020 Tax Tip – Stimulus Payments

Before you file your 2020 tax return, be sure to include the information from your IRS Notice 1444.  This document informs you how much you received in stimulus payments this past year.  You should not file your tax return without … Continue reading

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All taxpayers have the right to privacy – it’s the law

One of the IRS’s top priorities is protecting the privacy rights of America’s taxpayers. The agency takes this so seriously that the right to privacy is one of ten rights the Taxpayer bill of rights gives all taxpayers. Taxpayers have … Continue reading

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Non Tax-Filers Still To Receive Stimulus Payment

Recipients of Social Security retirement, Railroad retirement, disability, and survivor benefits are all still entitled to a stimulus check. In addition to the benefits already claimed, those who have children under the age of 17 will receive an additional $500 … Continue reading

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Missing Tax Returns for High Income Earners means more upcoming IRS Visits

In an IRS announcement on Feb. 20th, 2020, it was stated that an increase in IRS visits to high-income tax payers would be coming. They want to ensure fair tax practices and are revisiting those who haven’t filed returns in … Continue reading

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Filing taxes 101: Common errors taxpayers should avoid

Mistakes can result in processing delays, which can mean it takes more time to get a refund. Some easy ways to avoid mistakes are tofile electronically – the electronic system can immediately mark errors that would normally not be caught … Continue reading

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Washington County businessman gets prison in tax, bankruptcy, unemployment schemes

A judge has sent Washington County business owner George Retos Jr., 71, to federal prison for a year and a day for conspiracy to defraud the IRS and filing a false bankruptcy declaration in connection with his companies, reported by … Continue reading

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2018 Video Recap!

A compilation of office posts, summing up 2018, the best year yet at the Law Office of Camron Hoorfar!

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Tax Department Can Estimate Your Business Income

The Missouri Department of Revenue is able to review your bank statements and credit card transactions, among other documents, to determine how much money you made and whether you accurately reported your income.  If you do not provide them with … Continue reading

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