Monthly Archives: December 2008

December 16th Talk on Tax Law Changes

Posted on December 2, 2008 by Russ

Every year I give a talk to the Exchange Club of Irvine on changes in the tax law. This year I’ll be speaking on Tuesday, December 16th. The talk focuses on changes to both federal and California taxes in 2008 … Continue reading →

Posted in Taxable Talk | Comments Off on December 16th Talk on Tax Law Changes

When You Have to Report a Gift

Posted on December 2, 2008 by Russ

One question that I’m often asked are about gifts. I’ve just received a large gift or inheritance; must I pay tax on it? The good news is that gifts aren’t taxable to the recipient (if the gift is interest bearing, … Continue reading →

Posted in Gift Tax | Comments Off on When You Have to Report a Gift

It’s Not a Good Idea to Tell Officers That You Don’t Pay Taxes

Posted on December 2, 2008 by Russ

A man is accused of stalking. The police investigate, and arrest the man. He consents to a search of his apartment. The officers discover cash and electronics, and the man tells the officers that “…As to the large sums of … Continue reading →

Posted in Tax Evasion | Comments Off on It’s Not a Good Idea to Tell Officers That You Don’t Pay Taxes

Bozo Preparers Running Rampant in New York

Posted on December 1, 2008 by Russ

There are good tax preparers and bad ones. There appear to be plenty of the latter in the Empire State. The New York Department of Taxation and Finance sent some undercover inspectors to various tax professionals in New York. What … Continue reading →

Posted in New York, Tax Fraud, Tax Preparation | Tagged | Comments Off on Bozo Preparers Running Rampant in New York