Monthly Archives: February 2009

2008 Tax Offender of the Year Gets Four More Years

Posted on February 25, 2009 by Russ

Robert Beale won the coveted Tax Offender of the Year award for 2008. Mr. Beale was being tried for tax evasion and he came up with what is clearly a Bozo idea: arresting the judge. After his conviction on tax … Continue reading →

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IRS Street Addresses

Posted on February 24, 2009 by Russ

A reader emailed me today and said, “Why haven’t you posted your list of IRS street addresses this year?” Well, the answer is that none have changed. Still, it’s time again for the list. Most taxpayers use the Postal Service … Continue reading →

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When You Admit to $200 Milliion in Fraud, It’s Hard to Deny Fraud

Posted on February 24, 2009 by Russ

Walter Anderson was a successful telecommunication entrepreneur. However, he ran afoul of the law. In 2006 he agreed to plead guilty to two counts of tax evasion and one count of fraud after admitting to $200 million of tax evasion. … Continue reading →

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What’s Next for California

Posted on February 23, 2009 by Russ

Now that Governor Schwarzenegger has signed the bad budget bill, what’s next for the Bronze Golden State? Will taxpayers receive their tax refunds? What’s this about a special election in May? And what’s going to happen with the 2009-2010 budget? … Continue reading →

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Troutman Gets Four Years

Posted on February 22, 2009 by Russ

Former Chicago Alderman Arenda Troutman was sentenced to four years at ClubFed last week. Ms. Troutman had started the 20th Ward Women’s Auxiliary to hide money. At sentencing, Ms. Troutman told Judge Ruben Castillo, “With God as my witness I … Continue reading →

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Update: Prokop Pleads Not Guilty

Posted on February 22, 2009 by Russ

Former NFL punter Joseph Prokop pleaded not guilty to tax evasion charges this past week in Las Vegas. Mr. Prokop and two co-defendants are accused of causing $324 million in income tax underpayments to the IRS. Mr. Prokop faces up … Continue reading →

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Liechtenstein Prince Investigated for Tax Evasion

Posted on February 22, 2009 by Russ

The tiny principality of Liechtenstein has been in the news ever since an employee at one of the country’s banks sold customer data to German tax authorities. Now, the brother of Crown Prince Alois, Prince Max von und zu Liechtenstein … Continue reading →

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Budget Passes State Legislature; Expected to be Signed on Saturday

Posted on February 19, 2009 by Russ

State Senator Abel Maldonado (R-Santa Maria) broke ranks with the rest of the California Senate Republican Caucus and voted for the bad budget bill. With his vote, the 2/3 majority was obtained and the budget was sent to the State … Continue reading →

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Kansas Resolves Its Budget Crisis (For Now)

Posted on February 18, 2009 by Russ

Republican legislative leaders and Democratic Governor Kathleen Sebelius reached agreement on a package of legislation that ends the Sunflower State’s budget crisis. Governor Sebelius signed legislation that cut $300 million in the current budget year; once that was signed, Republican … Continue reading →

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UBS To Pay $780 Million Fine

Posted on February 18, 2009 by Russ

UBS, the Swiss Bank accused by the IRS and Department of Justice of hiding taxpayers’ bank accounts from the IRS, has admitted to the act in a deferred prosecution agreement. UBS will provide a list of account holders to the … Continue reading →

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