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Tag Archives: taxes
Rapper DMX Pleads Guilty to Tax Fraud
Rapper DMX has pled guilty to tax fraud, admitting he hid millions of dollars from the IRS in order to try and save $1.7 million in taxes. DMX is currently undergoing rehabilitation for drug and alcohol issues. If you have … Continue reading
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Tagged Attorney, DMX, Down Town Lees Summit, Kansas Attorney, Law Office of Camron Hoorfar, Lawyer, LOCH, Missouri Attorney, Tax Fraud, taxes
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Vitamin World to Close 124 Stores
Vitamin World has hired a company to assist it with shutting down 124 stores in 30 states. If you have a business that is struggling financially, and you would like to speak to an attorney, contact our law office at … Continue reading
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Tagged Attorney, Bankruptcy, Debt, Kansas Attorney, Law Office of Camron Hoorfar, Lawyer, Lees Summit, LOCH, Missouri Attorney, taxes, We Can Help
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IRS Refuses Money from Disgraced Attorney
A Texas attorney, who is facing up to 20 years in a federal prison, tried to pay the IRS $82,400 towards his back taxes. However, the IRS refused the money because the IRS believes the attorney stole the money from … Continue reading
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Tagged Attorney, Crime, Criminal Law, Down Town Lees Summit, IRS, Kansas Attorney, Law Office of Camron Hoorfar, Lawyer, LOCH, Missouri Attorney, Tax Fraud, taxes
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Tax Tips for the 2017 Tax Year
Here are a few end of the year tax tips for 2017 before the new year: Take steps to accelerate your deductions Maximize your retirement contributions Bulk up your estimated tax payments Meet with your tax adviser If you are … Continue reading
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Tagged Attorney, Down Town Lees Summit, Kansas Attorney, Law Office of Camron Hoorfar, Lawyer, LOCH, Missouri Attorney, Tax tips, Tax-time, taxes
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Business Cats
A 2001 tax court case allowed a business man who owned a junkyard to deduct the cost of cat food for stray cats. The junkyard owner was feeding the stray cats to attract then to his junkyard in order to … Continue reading
Starving Artists
For artists who have always wanted to pursue their dreams of being poor in pursuit of their art, but who have worried about how to pay their minuscule tax bill, there is a special deduction to the rescue. This deduction … Continue reading
Drugs and the Tax Man
Regardless of whether their activities are legal under state law, drug dealers have to deal with special tax laws designed to discourage their activities. IRC 280E states that any deductions from an illegal drug business are not allowed. The definition … Continue reading
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Tagged Attorney, IRS, Kansas Attorney, Law Office of Camron Hoorfar, Lawyer, LOCH, Missouri Attorney, Tax Deductions, taxes
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Upcoming Tax Deadlines
Here are some upcoming tax deadlines to be aware of: March 15, 2018 – Partnership tax filing deadline S Corp. tax filing deadline April 17, 2018 – Individual tax filing deadline IRA contribution deadline C Corp. tax filing deadline If … Continue reading
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Tagged Attorney, Down Town Lees Summit, Kansas Attorney, Law Office of Camron Hoorfar, Lawyer, LOCH, Missouri Attorney, Tax Dedalines, Tax-time, taxes
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Don’t Hide Illegal Income
Al Capone, one of the most notorious gangsters in American history, wasn’t convicted of murder, extortion, or any number of his other criminal activities. Instead, he was brought down because he didn’t pay his taxes. It was also a powerful … Continue reading
Crime Doesn’t Pay
In another attempt to claim a deduction out of the ashes of a fire, a taxpayer attempted to deduct the cost of hiring his arsonist. This enterprising individual decided that insurance wasn’t good enough by itself. he decided to also … Continue reading