Monthly Archives: June 2006

There’s Still the Old Black & White TV

Posted on June 29, 2006 by Russ

In the United States, when you’re accused of tax evasion you have lots of legal recourse, including fighting the charges within the IRS’ appeals process, and then Tax Court. However, in Argentina it appears things work differently. Just two days … Continue reading →

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Pimp Tax

Posted on June 27, 2006 by Russ

Senator Charles Grassley (R-Iowa) has proposed making some tax crimes felonies if the underlying issue is a pimp or sex trafficker who fails to file employment tax forms. The penalties would be a 10-year prison sentence and a $50,000 fine … Continue reading →

Posted in Legislation | 4 Comments

It’s Unfair, but Tough

Posted on June 27, 2006 by Russ

Today the Tax Court decided two cases where the Court basically said, you’re right, the law is unfair, but tough—you have to obey it. The first case involves a gambler who wanted to net her wins and losses. If you’re … Continue reading →

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Payroll Processing Follies

Posted on June 27, 2006 by Russ

There’s one task that I insist that my business clients do not perform themselves: payroll processing. Given the penalties and legal liability issues, I urge them to go with an extremely reputable company. There are several that do an excellent … Continue reading →

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Into the Swamp (New Jersey Update)

Posted on June 26, 2006 by Russ

I joke with my writing partner about New Jersey being one giant swamp. At least the Garden State’s politics are fun to watch—at a distance. Today, the New York Times reports that a few Democrats are now supporting Governor Corzine’s … Continue reading →

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Attorney and Activist in Tax Trouble

Posted on June 26, 2006 by Russ

Civil rights attorney Stephen Yagman has been indicted on tax evasion, fraud, and money laundering charges. The charges stem from Yagman not paying all the tax he owed in the mid-1990s and accruing significant interest charges and penalties. Additionally, he … Continue reading →

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Will They Ever Wise Up?

Posted on June 26, 2006 by Russ

States have seen tax revenues flourish this year, leading to budget surpluses of various sizes. So, if you have a budget surplus what do you do? Do you: (a) Increase spending, to help the people who supported you or groups … Continue reading →

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When Is a Tax Increase Not a Tax Increase?

Posted on June 26, 2006 by Russ

My parents live in the San Fernando Valley, an area within the City of Los Angeles. The Los Angeles Daily News has an interesting story on how Los Angeles increased the trash pickup fee by 254% without having to take … Continue reading →

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Two Tax Increases for November Ballot

Posted on June 21, 2006 by Russ

Californians have signed enough petitions so that two tax measures will be on the November ballot. One would increase the cigarette tax to make it the most expensive in the state; the other would add an ‘oil severance’ tax, taxing … Continue reading →

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Independent Contractor or Employee?

Posted on June 21, 2006 by Russ

That’s one of the most vexing questions for the business owner. Is your staff employees, or can they be classified as independent contractors? The IRS has a webpage devoted to helping taxpayers make the classification choice. Employers must withhold payroll … Continue reading →

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