Monthly Archives: July 2007

On Wisconsin!

Posted on July 1, 2007 by Russ

The Wisconsin State Senate approved a $66 billion (two-year) budget last week that includes $15.2 billion in new taxes. The budget includes new or increased taxes on oil companies, cigarette sales, hospitals, vehicle registrations, and real estate transfers. The proposed … Continue reading →

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California Developing New K-1s

Posted on July 1, 2007 by Russ

A few years ago, the IRS introduced new Schedule K-1s. The Franchise Tax Board plans on introducing new K-1s for the 2007 filing season, so that “[t]ransferring amounts from federal K-1s to California Schedule K-1s will soon be easier.” You … Continue reading →

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Off the Deep End

Posted on July 1, 2007 by Russ

Now that it’s summer, you may be considering a trip to the pool. Swimming is a great summer activity, but you do have to be careful when you dive into a pool. One diving coach jumped into some hot water … Continue reading →

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Another Offshore Scheme Goes Down the Drain

Posted on July 1, 2007 by Russ

I’m not a big drinker. The former President and co-owner of Domecq Importers will have 10 years at ClubFed of being a teetotaler after pleading guilty to fraud and tax fraud charges. Domecq Importers was a large liquor importer based … Continue reading →

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What Is It About Strip Club Owners & Tax Evasion?

Posted on July 1, 2007 by Russ

I’ve reported several times about strip club owners evading taxes (and getting caught). I guess there are a lot of temptations out there…and if you’re going to offer one, you get to thinking about another. In any case, yet another … Continue reading →

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Will the IRS Re-Open Dinosaur Adventure Land?

Posted on July 1, 2007 by Russ

Jo Hovind fared much better than her husband when she was sentenced last week for 45 tax related charges. Her husband, Kent Hovind, received ten years in prison. Mrs. Hovind was sentenced to one year and a day, and will … Continue reading →

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Neteller Founder Pleads Guilty

Posted on July 1, 2007 by Russ

One of the two Neteller founders pleaded guilty on Friday to one count of conspiracy. Stephen Lawrence told the Associated Press, “I came to understand that providing payment services to online gambling Web sites serving customers in the United States … Continue reading →

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