Tag Archives: Tax

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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Deductible Muscles

Wheir was a body builder who attempted to deduct some body building expenses because he believed he was in the business of body building. Some of his expenses included bison meat, which he ate at the rate of 3 pounds … Continue reading

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Honey, Did You Pay the Babysitter

Wouldn’t it be nice if the IRS allowed a deduction so that you and your spouse can go on a date night? Well they don’t. But one woman, in Kingsley v Commissioner, was allowed a deduction for paying a babysitter … Continue reading

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Circus Camp

As any parent knows, kids are expensive especially once they can walk, talk, and play sports or other extracurricular activities. To help with these expenses, the government offers the Child and Dependent Care Credit. This credit is up to $1,050 … Continue reading

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Home from Colorado

  Kansas, like several others, actually imposes a tax on the purchase or possession of a controlled substance within the state of Kansas. When the drug dealer pays the tax, they are given a special stamp to attach to the … Continue reading

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It’s a Girl

Egg donors have to go through a barrage of tests and hormone therapies and as such are compensated rather well. The payout for enduring the process generally runs around $50,000 for those who make it through. In Perez v. Commissioner … Continue reading

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You’ve Won a New Car

If you win the prize on a game show in California you have to pay a 10% withholding tax at the conclusion of the filming of the show. So if you didn’t win cash or bring a stack of hundreds … Continue reading

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