Monthly Archives: August 2005

Hurricane Relief Day

Posted on August 31, 2005 by Russ

We’ve all seen pictures of the destruction in New Orleans, Biloxi and Gulfport. I personally know one family that has lost everything except their lives. They’re lucky; they evacuated. Many, many more aren’t as fortunate. Everyone needs to pitch in. … Continue reading →

Posted in Katrina | 2 Comments

Taxes and Online Gambling, Part 4: States, Filings, and Legalities

Posted on August 31, 2005 by Russ

In this, the fourth of five parts of my series on taxes and online gambling, I’ll examine state income taxes, withholding requirements, and some legal issues, including the Silver Platter Doctrine. State Income Taxes Americans not only pay federal income … Continue reading →

Posted in Gambling | 4 Comments

KPMG: $456 Million Fine, Seven Indicted

Posted on August 29, 2005 by Russ

The other shoe dropped on KPMG today. According to this story, KPMG will pay a fine of $456 million, accept an outside auditor, and shut down its tax practice for high net-worth individuals within six months. Additionally, seven former partners … Continue reading →

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LA Times: Let’s Increase Taxes (aka The Help Nevada, Oregon & Arizona Act)

Posted on August 29, 2005 by Russ

George Skelton of the Los Angeles Times today says, “There’s a gleaming pot of gold within easy grasp of the governor and Legislature that would help them balance the state’s deficit-ridden books…It is an income tax increase on the wealthiest … Continue reading →

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A Bozo Investment Leads to Tax Evasion

Posted on August 28, 2005 by Russ

Pity Mark Steven Miller, former CEO of Oakwood Deposit Bank in Ohio. Mr. Miller was convicted of fraud in 2003 for embezzling $49 million from his bank. He then took his profits and invested them in the Star Dancer Casino … Continue reading →

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Taxes and Online Gambling, Part 3: Records and Professionalism

Posted on August 25, 2005 by Russ

In this article, part 3 of probably 5 parts, I examine recordkeeping and professional status for online gamblers. Unfortunately, a lot of this material is, frankly, boring. But it’s necessary. Some of the material in this article is based on … Continue reading →

Posted in Gambling | 4 Comments

KPMG Indictments Near

Posted on August 25, 2005 by Russ

According to this story by Reuters, KMPG will face a fine of just under half a billion dollars. This story notes that eight former executives will be indicted.. However, KMPG will sign a “deferred prosecution” agreement so that the firm … Continue reading →

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Money for Nothing

Posted on August 25, 2005 by Russ

Ah, to live and breathe the fine air of the Golden State. Of course, we’re also known as the state with one of the highest (and probably soon to be the highest) personal income tax rates in the United States. … Continue reading →

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A Box of Nothing (Hugh Hewitt’s “Adopt-A-Box” Project)

Posted on August 21, 2005 by Russ

Hugh Hewitt asked bloggers if they would be interested in reviewing one of 136 boxes released by the Ronald Reagan Presidential Library. Having some interest in history, and quite a bit of curiosity as to what might be in a … Continue reading →

Posted in Taxable Talk | 2 Comments

Trumpeter Playing the Tax Evasion Blues

Posted on August 21, 2005 by Russ

A trumpeter who also operates a gospel ministry (MightyHorn Ministry) has been charged with tax evasion. According to a story in the Chatanooga, TN Chatanoogan, Phil Driscoll, his wife and his mother-in-law have been accused of evading taxes by failing … Continue reading →

Posted in Tax Evasion | 1 Comment