Monthly Archives: July 2006

I Can Lower Your Taxes By Magic!

Posted on July 31, 2006 by Russ

I can’t, but Joe Kristan of Roth Tax Updates has the story of yet another interesting case from the Tax Court today. If your business is grossing $2.5 million to $3 million each year, and you’re paying about $45,000 in … Continue reading →

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In God We Trust, But You Better Pay Up

Posted on July 31, 2006 by Russ

A few years ago, there were two Tax Court cases resolved by closing agreements (a closing agreement is a settlement agreement of the case): God’s Helping Hands Living Estate Plan Trust, John M. & Thelma Smoll, Trustees v. Commissioner, docket … Continue reading →

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But The IRS Told Me It Wasn’t Taxable…

Posted on July 31, 2006 by Russ

Assume that you’re going on permanent disability. You and your employer reach an agreement, with payments structured as though they were from workers compensation (nontaxable to the recipient). Suddenly, your employer backs out and threatens litigation—litigation that would likely take … Continue reading →

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Soccer and Crocodiles

Posted on July 27, 2006 by Russ

I promised that I wouldn’t write about soccer anymore. Well, I’m going to try not to, but I can’t help myself. Dutch soccer coach Guus Hiddink will be prosecuted for tax fraud according to this story. And many Americans will … Continue reading →

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Zeros = Three Years in Prison

Posted on July 25, 2006 by Russ

George “Nick” Jesson was sentenced to three years in prison yesterday for filing false state tax returns between 1997 and 1999. The former tax protester and gubernatorial candidate had earlier pleaded guilty. Prosecutor Bill Overtoom, quoted in the Orange County … Continue reading →

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M Is For More Taxes

Posted on July 25, 2006 by Russ

The Orange County Transportation Authority unanimously voted yesterday to ask the Board of Supervisors to put a 30-year extension of Measure M, Orange County’s 0.5% sales tax that funds transportation improvements, on the November ballot. Given that all fives supervisors … Continue reading →

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Survivor: Oklahoma City; Is Victorville Next?

Posted on July 25, 2006 by Russ

Earlier this year I speculated that Richard Hatch, Survivor winner and now convicted tax cheat, might spend some of his 51 months in prison in beautiful Victorville (where it was 115 F yesterday). Well, Hatch has just been moved from … Continue reading →

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Arena Tax for Sacramento?

Posted on July 23, 2006 by Russ

Arco Arena is the home of the Sacramento Kings of the NBA. The 442,000 square foot arena opened in 1988. But the owners of the Kings, the Maloof brothers, want a brand new arena, so that they can have more … Continue reading →

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Sales Tax…On Lap Dances!?!

Posted on July 22, 2006 by Russ

Sometimes you just can’t make this stuff up. If you’re a proprietor in New York state of “Gentleman’s Clubs,” make sure you add sales tax on those lap dances, if they’re in a private room at your establishment. That’s definitely … Continue reading →

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Former Strip Club Owner Accused of Tax Evasion

Posted on July 21, 2006 by Russ

It appears that owning a strip club is an occupation more likely to lead to tax evasion; today’s story is definitely not the first time we’ve seen this charge. In any case, Timothy Ray Cline of Justice, WV (the name … Continue reading →

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