Monthly Archives: March 2006

CA LLCs: Where to Send Refund Request

Posted on March 21, 2006 by Russ

Courtesy of Roth Tax Updates, and CCH, here’s how to request a refund: Taxpayers should fax their protective claims to the FTB at 916-845-9796. In the fax, taxpayers should note that this is a protective claim and assert that the … Continue reading →

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I’m Shocked (New Jersey)

Posted on March 21, 2006 by Russ

Remember Captain Renault from Casablanca? He steps into the back room of Rick’s Cafe, and says, “I’m shocked, shocked to find that gambling is going on in here!” A croupier then hands him a pile of money and says, “Your … Continue reading →

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All-In Back in Florida

Posted on March 18, 2006 by Russ

Florida has some unusual gambling laws. A court last year ruled that no-limit Texas Hold’em tournaments violated the law. On Friday, an appeals court ruled that the Florida Department of Pari-Mutuel Gaming erred in its decision that no-limit Texas Hold’em … Continue reading →

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Las Vegas Gears Up for Prop 82

Posted on March 17, 2006 by Russ

Proposition 82, Rob Reiner’s Preschool/Tax Increase Initiative, is really the “Help Las Vegas, Phoenix, and Denver” Initiative. Las Vegas decided that I am absolutely correct. Today, Las Vegas’ mayor, Oscar Goodman, announced a new initiative to bring more California businesses … Continue reading →

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Will the Feds End Up With a Casino?

Posted on March 17, 2006 by Russ

Renato Medina is the principal owner of Lucky Chances, a Bay Area poker club located in Colma. According to the US Department of Justice and the IRS, he allegedly caused Lucky Chance’s to deduct $2.6 million in bogus business expenses, … Continue reading →

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Shades of Wetsern Tax Service

Posted on March 17, 2006 by Russ

Out of the news and into my email inbox this afternoon comes word that a Bell Buckle, TN woman and a Florida couple have been charged with preparing tax returns with phony deductions, causing unwarrented refunds to taxpayers in the … Continue reading →

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It’s Not a Frivolous Court

Posted on March 15, 2006 by Russ

…But they were phony arguments. Roy Stallard went before the Tax Court before. In Stallard v. Commissioner (T.C. Memo 1992-593), he was fined $8,000 for making frivolous arguments. Fast forward a few years. Mr. Stallard again finds himself in Tax … Continue reading →

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Reiner Digs Hole for Himself; Has He Dug One for Prop 82?

Posted on March 15, 2006 by Russ

Proposition 82, the pre-school/tax increase/help Las Vegas, Phoenix and Denver Initiative, continues to have support at the polls here in the Golden State. Rob Reiner, who wrote the initiative, continues to find himself in a hole. Yesterday Reiner held a … Continue reading →

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Phish Got to Swim….

Posted on March 14, 2006 by Russ

A couple of weeks ago, I noted that phishers have started targeting people by claiming that you can receive a small tax refund. Just click on their link (to a phony IRS website), give out your information, and we’ll get … Continue reading →

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Increase Casino Tax Rates Or Increase Casinos?

Posted on March 13, 2006 by Russ

That was the decision Iowa was faced with after the Iowa Supreme Court ruled that tax rates at race track (horse racing) casinos were unconstitutional in 2004. Today, Iowa is in the midst of a casino building boom, with four … Continue reading →

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