Monthly Archives: February 2008

Shameless Self Promotion

Posted on February 28, 2008 by Russ

There’s nothing at all about tax in this post. You’re all forewarned. Instead, this post focuses on my avocation—writing. My third book has just been released. Written with my good friend Nick Christenson, it’s called Winning Strategies in No-Limit Hold’em. … Continue reading →

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No Receipts, Numbers Out of Thin Air, and an Accountant Who Wasn’t

Posted on February 28, 2008 by Russ

Today the Tax Court looked at a case that showed what happens when you use a tax preparer who (a) doesn’t understand the software, (b) has little knowledge about your primary sources of income, and (c) has little tax knowledge. … Continue reading →

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Pigs Spotted Flying in New Jersey?

Posted on February 27, 2008 by Russ

New Jersey has been in my view the poster child of what happens when liberal tax and spend runs amuck. Eventually the money runs out in a downturn, and that appears to be happening in the Garden State. Governor Jon … Continue reading →

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February 28th, Not the 29th, Is the Deadline

Posted on February 27, 2008 by Russ

There’s a tax deadline tomorrow that effects employers and others. If you file paper copies of 1099s/1096s and/or W-2Gs/1096s, you must mail your copies by February 28th, not February 29th. If you electronically file your information returns, you have until … Continue reading →

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Chihuahuas Don’t Evade Taxes

Posted on February 24, 2008 by Russ

Last week I had a story about a Taco Bell franchisee around the time that the chain had a talking chihuahua. Today I have a story where a tax evader compares himself to a chihuahua. Bohdan Senyszyn is a CPA … Continue reading →

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Legal Extortion in New Jersey

Posted on February 24, 2008 by Russ

States are having tax troubles, and New Jersey is one of those. The Tax Foundation has a great story about how a South Carolina company was forced to pay off New Jersey in order to get a truck released from … Continue reading →

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Athletes in Tax Trouble

Posted on February 24, 2008 by Russ

Two reports this weekend about athletes having tax troubles. First, former baseball player Lenny Dykstra refused to pay his accountant’s bill. Well, he was billed $111,097. I guess I don’t charge enough. Anyway, Dykstra told the New York Daily News, … Continue reading →

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Economic Stimulus Rebates & Tax Rebate Calculators

Posted on February 23, 2008 by Russ

If you’re wondering what your tax rebate will be, here are a couple methods to find out. Kiplinger has added a rebate calculator. And Spidell will soon add one to their website. The IRS has updated their webpage on the … Continue reading →

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We the Losers

Posted on February 22, 2008 by Russ

We the People, the tax protester organization headed by Robert Schulz, has been on the wrong ends of various court rulings. We the People believed that you could voluntarily stop withholding. The IRS and the Department of Justice didn’t like … Continue reading →

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$16 Billion and Growing

Posted on February 22, 2008 by Russ

California’s budget deficit has grown another 10%, from $14.5 billion to $16 billion. Why? Because all sources of tax revenues are down: sales tax, personal income tax, and corporate income tax. This will be the year that our Legislature has … Continue reading →

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