Monthly Archives: April 2009

Bozo Tax Tip #1: Don’t be Suspicious!

Posted on April 13, 2009 by Russ

Given my practice area, I deal with individuals who occasionally make large cash deposits. I tell them that they shouldn’t mind the completion of a Currency Transaction Report. The IRS gets so many of them that as long as you’re … Continue reading →

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Bozo Tax Tip #2: Trustless Trusts

Posted on April 12, 2009 by Russ

Just today someone sent me an email noting the following “truth”: Hey Russ, [redacted] sent me this video on how I can put all my wages and other income into this investment vehicle and I’ll no longer have to pay … Continue reading →

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Bozo Tax Tip #3: 300 Million Witness Can’t Be Right

Posted on April 11, 2009 by Russ

I keep thinking that I’ll be able to drop this Bozo tax tip one year. Yet every time I think that’s going to happen Richard Hatch makes the news again. One tip I can give any celebrity: Be careful about … Continue reading →

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Bozo Tax Tip #4: Use a Bozo Accountant

Posted on April 9, 2009 by Russ

I’ve come to the conclusion that everything in life is normally distributed. You may remember the normal distribution from a class you took on probability theory. It’s the bell curve. Most things are in the middle, but some are outliers … Continue reading →

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Bozo Tax Tip #5: The $0.42 Solution

Posted on April 8, 2009 by Russ

With Tax Day fast approaching it’s time to look into the Bozo method of courting disaster. And it doesn’t, on the surface, seem to be a Bozo method. After all, this organization has the motto, Neither rain nor snow nor … Continue reading →

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Bozo Tax Tip #6: Just Don’t File

Posted on April 7, 2009 by Russ

We’re running some repeats, but there is some new Bozo material coming. It’s just that people keep trying the same things over and over again. It’s tough to avoid the tax system. There are currency transaction reports (cash transactions of … Continue reading →

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Deadlines for Clients

Posted on April 7, 2009 by Russ

Last month in my email to clients I noted that if paperwork for your returns was not in my hands by early April it was probable you would need to file an extension. Well, that day is here. If your … Continue reading →

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Property Taxes Due on Friday

Posted on April 7, 2009 by Russ

If you’re a Californian, your second property tax payment is due this Friday, April 10th. Your payment must either be postmarked by Friday or paid by Friday to avoid penalties. The Orange County Tax Collector has an online system available … Continue reading →

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Bozo Tax Tip #7: Nevada Corporations

Posted on April 6, 2009 by Russ

Nevada is doing everything it can to draw businesses from California. Frankly, California is doing a lot to draw businesses away from the Bronze Golden State. But just like last year you need to beware if you’re going to incorporate … Continue reading →

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Bozo Tax Tip #8: The Shell

Posted on April 3, 2009 by Russ

I was talking with a friend who is an attorney in the Midwest. She told me about an individual who decided to use ten layers of shell companies to hide his income. It worked so well that the Bozo had … Continue reading →

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