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Tag Archives: Tax
Pensions
There are two general rules when it comes to the taxation of pensions. The first rule is that any money you receive from a pension or retirement plan that you did not contribute to or you used tax free money … Continue reading
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Tagged Attorney, Law Office of Camron Hoorfar, Lawyer, Lees Summit, LOCH, Pensions, Tax, Tax tips
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Capital Losses
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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Tagged Assets, Attorney, Capital Assets, Capital Losses, Law Office of Camron Hoorfar, Lawyer, Lees Summit, LOCH, Tax, Tax tips, We Can Help
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Required Retirement Plan Distributions
For anyone who is age 70.5 or older with an IRA, retirement plan, or a Roth IRA, you are required to take a required minimum distribution. A required minimum distribution is a required withdrawal of your retirement account. If you … Continue reading
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Tagged Attorney, IRA, Law Office, Law Office of Camron Hoorfar, Lawyer, Lees Summit, LOCH, Minimum Distributions, Retirement, Retirement plan, Tax
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Healthcare Tax Forms
For taxpayers who receive health insurance coverage through an employer, a government plan, or the marketplace, they will need to report their health insurance coverage on their tax return for the 2014 tax year. Taxpayers who have health insurance through … Continue reading
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Tagged Attorney, Healthcare, Law Office, Law Office of Camron Hoorfar, Lawyer, Tax
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Tax Rules regarding Tips
Tax Rules regarding Tips There are a few things you should know regarding your income tax return if you receive tips in your employment or job. Report all of your tips on your income tax return. All of your tips … Continue reading
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Late-Breaking Tax Update
On December 16, 2014, the Senate passed the Tax Increase Prevention Act of 2014 and the President is expected to sign this bill into law. The effect of the new law would be to extend some tax deductions to allow … Continue reading
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Tagged Camron Hoorfar, Hoorfar Law, Law Office, Law Office of Camron Hoorfar, Tax, Tax Update
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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.
Kansas Mortgage Registration Tax
Starting in the year 2015, the Kansas Mortgage Registration Tax will be reduced over a period of four years. The tax, which is currently at 0.26% of any mortgage, will be eliminated by the year 2019.
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Tagged Camron Hoorfar, Hoorfar Law, Kansas, Kansas Mortgage Registration Tax, Law Office of Camron Hoorfar, Tax
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Give Tax Records a Mid-Year Tune-up this Summer
During the summer, you may not think about doing your taxes, but maybe you should. Some of the expenses you’ve paid over the past few months might qualify for money-saving tax credits or deductions come tax time. If you organize … Continue reading
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Tagged Hoorfar Law, Internal Revenue Service, IRS, Tax, Tax Records
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