Monthly Archives: March 2007

Some Fraud

Posted on March 25, 2007 by Russ

This weekend’s edition of the fraud post features a bozo tax preparer, a contractor who built his dream house with the money he was supposed to send to the IRS, and a temp agency owner who allegedly did a good … Continue reading →

Posted in Tax Fraud | Comments Off on Some Fraud

Be Afraid. Be Very Afraid.

Posted on March 25, 2007 by Russ

With the Democrats now in control in Congress, it’s time to watch our wallets. My district in Congress happens to be represented by one of the few accountants in Congress, John Campbell. Congressman Campbell is a CPA, and he’s not … Continue reading →

Posted in Legislation | Comments Off on Be Afraid. Be Very Afraid.

No Sale for Palfrey

Posted on March 22, 2007 by Russ

Pity the poor madam escort service operator accused of being a madam. She has but one tangible asset, or so she says, a phone list of her well-to-do clients in Washington, DC. Why not sell the list to finance her … Continue reading →

Posted in Tax Evasion | Tagged | Comments Off on No Sale for Palfrey

What Happens When You Think There’s No Income Tax

Posted on March 22, 2007 by Russ

If you don’t pay your taxes, or file a return with all zeroes, things will happen. Eventually, when you owe enough money, an IRS agent will knock on your door (or send you a certified letter). If you keep ignoring … Continue reading →

Posted in Tax Evasion | Comments Off on What Happens When You Think There’s No Income Tax

A No Nguyen Situation

Posted on March 22, 2007 by Russ

When you hear that your vote doesn’t count, well, think again. Here in Orange County, the First Supervisorial District was without a Supervisor since January, when Lou Correa (elected to the State Senate in November) moved up to Sacramento. Ten … Continue reading →

Posted in California | Comments Off on A No Nguyen Situation

More on Neteller

Posted on March 21, 2007 by Russ

Neteller, the beleaguered Isle of Man financial intermediary firm whose two founders were arrested on money laundering charges in the United States, announced that they have come to an agreement with the US Attorney’s Office for the Southern District of … Continue reading →

Posted in Gambling | Tagged | Comments Off on More on Neteller

Is Witness Intimidation Next?

Posted on March 20, 2007 by Russ

Erle Stanley Gardner would enjoy this plot. A madam, excuse me, an escort service operator, is accused of racketeering and money laundering. She has a list of her customers that she wants to sell. She claims to have given a … Continue reading →

Posted in Tax Evasion | Tagged | Comments Off on Is Witness Intimidation Next?

A “Personal Piggy Bank” or a Well-Run Company?

Posted on March 20, 2007 by Russ

Two diametrically opposed visions of Hollinger, Inc. were presented to jurors in Chicago in opening arguments of the Conrad Black trial. Prosecutors, quoted by Bloomberg, called Hollinger Black’s “personal piggy bank.” His attorneys, though, claimed “[the] company was stolen out … Continue reading →

Posted in Tax Fraud | Tagged | Comments Off on A “Personal Piggy Bank” or a Well-Run Company?

Another $0.02 For Your Thoughts

Posted on March 20, 2007 by Russ

If you use the postal service, it will cost you $0.41 for first class mail beginning on May 14th. The good news? You will be able to buy a “forever” stamp. The new “forever” stamp will be able to used … Continue reading →

Posted in Taxable Talk | Comments Off on Another $0.02 For Your Thoughts

Whither State Tax Revenues?

Posted on March 18, 2007 by Russ

A very interesting article from Reuters on the possibility of a decline in state tax revenues. Reuters speculates on (1) lower capital gains revenues, in states such as California, and (2) declining real estate values, in other coastal states (such … Continue reading →

Posted in California | Comments Off on Whither State Tax Revenues?