Monthly Archives: September 2008

They Should Have Known Better

Posted on September 28, 2008 by Russ

This week’s tax evasion stories share a common theme: the alleged evaders (and those convicted) should have known better. Let’s start in Sin City, where a personal injury attorney liked cash as a way to conduct his business. There’s nothing … Continue reading →

Posted in Payroll Taxes, Tax Evasion | 1 Comment

Business Deductions Don’t Include Prostitution

Posted on September 20, 2008 by Russ

It’s something about prostitution that somehow leads to tax evasion. While perusing my email this evening in Connecticut I noticed yet another guilty plea by a man who charged personal expenses on his corporate tax return. Somehow the IRS did … Continue reading →

Posted in Tax Evasion | 1 Comment

California Has a Budget

Posted on September 20, 2008 by Russ

Governor Schwarzenegger said he will sign the revised budget bill passed by the Legislature yesterday. I’ll have details on the impact to Californians when I return from Connecticut on Tuesday.

Posted in California | Comments Off on California Has a Budget

Budget Deal Reached…Again

Posted on September 19, 2008 by Russ

Reports out of Sacramento are that the Big Five (Governor Schwarzenegger and the Republican and Democratic leaders of the Legislature) have reached another budget deal; this deal will include all of Governor Schwarzenegger’s budget fixes. I can’t find anything on … Continue reading →

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Olenicoff Sues UBS

Posted on September 18, 2008 by Russ

Orange County Billionaire Igor Olenicoff sued UBS, the Swiss Banking Giant, alleging that they conned him into breaking US Tax Laws. Mr. Olenicoff is alleging that when a giant company tells you that they will obey the law everything just … Continue reading →

Posted in Tax Evasion | Comments Off on Olenicoff Sues UBS

The Financial Mess

Posted on September 18, 2008 by Russ

Joe Kristan has an excellent post noting what some of the root causes of the financial mess are. He quotes and links from the Tax Policy Blog; bluntly, a lot of the blame falls on political schemes done in the … Continue reading →

Posted in Legislation | Comments Off on The Financial Mess

Budget Veto Delayed

Posted on September 18, 2008 by Russ

This morning from the Wall Street Journal I learned that Governor Schwarzenegger has delayed his veto of the budget until Friday. It’s likely there are the votes needed to override the veto; the Governator promised that if that happened he’d … Continue reading →

Posted in California | Comments Off on Budget Veto Delayed

Traveling

Posted on September 16, 2008 by Russ

I will be traveling over the next several days. Posting will be very limited until next Tuesday, September 23rd. I was hoping to get the next part of my presidential tax series up. Unfortunately, it will be delayed until my … Continue reading →

Posted in Taxable Talk | Comments Off on Traveling

He Should Have Known Better

Posted on September 16, 2008 by Russ

My thanks to Joe Kristan for highlighting an interesting and amusing (to me) Tax Court case today: Baisden v. Commissioner. Mr. Baisden is a CPA, and he had a unique way of preparing tax returns: In an effort to explain … Continue reading →

Posted in Tax Fraud | Tagged | Comments Off on He Should Have Known Better

Another Tax Blog

Posted on September 16, 2008 by Russ

And it’s a good one, too. I don’t know how I’ve missed adding Robert Flach’s The Wandering Tax Pro blog to the blogroll on the right, but that error has been rectified. Robert reports extensively on the tax situation out … Continue reading →

Posted in New Jersey, Tax Preparation | Comments Off on Another Tax Blog