Monthly Archives: September 2008

Schwarzenegger to Veto Budget

Posted on September 16, 2008 by Russ

It’s now worthy of a soap opera. Republican Governor Arnold Schwarzenegger announced this afternoon that he would veto the budget bill that passed last night. He announced that if the budget veto is overridden that he would veto “hundreds of … Continue reading →

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California Has a Budget (But It Might be Vetoed)

Posted on September 16, 2008 by Russ

Both houses of the Legislature passed a budget late yesterday (possibly early this morning). The $110 billion budget does not include any new general taxes or tax increases (no increase in the sales tax or income tax). The budget does … Continue reading →

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Another New Tax Blog

Posted on September 15, 2008 by Russ

I’m always interested in finding new tax bloggers. I received an email today from Bruce who has “the taxguy” tax blog. He has quite a bit of useful information on his blog, including the first of a series about choosing … Continue reading →

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More Fraud

Posted on September 14, 2008 by Russ

An interesting week for tax fraud. There’s a typical case out of the San Joaquin Valley, a jailed promoter who may have to spend even longer at ClubFed, and an attorney who admitted that he lied under oath to the … Continue reading →

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There Might be Some Progress on the Budget

Posted on September 14, 2008 by Russ

There’s still no budget in California. However, the Los Angeles Times reported that Senate President Don Perata (D-Oakland) sent an email to fellow Democratic Senators that he would attempt to work with Republicans to write a new budget that has … Continue reading →

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Deadlines Extended for Hurricane Ike Victims

Posted on September 12, 2008 by Russ

The IRS announced late this afternoon that filing deadlines for corporate taxes and estimated taxes due September 15th have been extended at least one week in impacted areas. The IRS announcement notes, “Affected taxpayers can mark paper tax returns with … Continue reading →

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Beale Doesn’t Recognize the Court, But the Court Sends Him Away Anyway

Posted on September 11, 2008 by Russ

If you want to get on the bad side of a judge a very good way to do so is to file fake warrants and fraudulent leans and attempt to “arrest” the judge. It’s an especially Bozo thing to do … Continue reading →

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Taxes and the Election (Part 1)

Posted on September 9, 2008 by Russ

With a very competitive election race between Democrat Barack Obama and Republican John McCain, the innuendo, charges, and rhetoric have flown back and forth. Senators McCain and Obama hold different views on many issues. Since I write a tax blog … Continue reading →

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Some Fraud from the Weekend

Posted on September 8, 2008 by Russ

There was quite a bit of tax fraud at week’s end. Indeed, I had to liberally weed out the stories so the ones below are the cream of the crop, so to speak. First, we have another alleged Bozo tax … Continue reading →

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Illegal Income Is Taxable

Posted on September 8, 2008 by Russ

One of the questions that comes up from time to time is whether you have to pay tax on illegal income. After all, do thieves really report their thefts to the IRS? I usually remind those questioning this that Al … Continue reading →

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