Monthly Archives: June 2008

Prison Counselor Will See the Other Side of the Fence

Posted on June 15, 2008 by Russ

If you’re in prison and need some extra money, what should you do? How about defrauding the IRS—after all, you’re in prison, and all the government can do is keep you there. Of course, such a scheme needs help from … Continue reading →

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Iowa Flooding

Posted on June 15, 2008 by Russ

The floods in Iowa have hit the tax blogging community. Joe Kristan, the blogger at Roth Tax Updates, and all of downtown Des Moines were evacuated Friday afternoon because of the floods. The American Red Cross is one good place … Continue reading →

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The Thirteenth Time Wasn’t the Charm

Posted on June 11, 2008 by Russ

Sometimes when you deal with the government you get the runaround. Agency “A” will tell you need to talk with Agency “B” while Agency “B” says only Agency “A” can handle the problem. It’s enough to give you gray hair. … Continue reading →

Posted in Tax Court | 1 Comment

Now That’s a Bozo Tax Preparer

Posted on June 8, 2008 by Russ

I’ve read about all sorts of Bozo tax preparers, but Sunita Buddhu is by far one of the worst I’ve read about. Luckily for you and I, her days of preparing tax returns have ended. Ms. Buddhu and her father, … Continue reading →

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Yet Another Payroll Service In Trouble

Posted on June 8, 2008 by Russ

What happens if you use a payroll service and they don’t forward the deposits to the IRS and your state tax department? The payroll company will be in trouble, but the employer is still liable for the deposits. That’s why … Continue reading →

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What Hath Proposition 13 Wrought?

Posted on June 8, 2008 by Russ

Proposition 13, the initiative that limited property tax increases, is blamed by liberals as one of the root causes of California’s current budget problems. It’s not. The San Diego Union ran an editorial detailing what has happened to property tax … Continue reading →

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A New York Doctor/Gambler Hits Three Lemons

Posted on June 7, 2008 by Russ

The TaxProf Blog alerted me to an interesting Tax Court case decided earlier this week. Once again the Court looked at whether or not an individual can be a professional gambler when that individual specializes in video poker. In video … Continue reading →

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Where did the “Prima Donna” Dock?

Posted on June 4, 2008 by Russ

If you’ve ever driven from Southern California to Las Vegas, the first exit on Interstate-15 when you cross into Nevada is for Primm, site of three casinos. These casinos used to be owned by the Primm family but were sold … Continue reading →

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Out Like a Lamb

Posted on June 4, 2008 by Russ

One of the surest methods I know to get the IRS upset with you is to withhold payroll taxes and not remit them. Payroll taxes are called trust fund taxes; I’ve yet to know of a time when the IRS … Continue reading →

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Hatch Appeals to the Supreme Court

Posted on June 3, 2008 by Russ

Richard Hatch has appealed his guilty verdict to the US Supreme Court. Hatch’s attorney told the Associated Press, “He’s extremely optimistic about his appeal…He still believes the system should work.” Hatch is appealing alleging that the judge improperly limited his … Continue reading →

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