Monthly Archives: July 2009

Vacation

Posted on July 23, 2009 by Russ

It’s time for my annual vacation. I’ll be back on Tuesday, August 4th. While on vacation I may post if there’s significant news on the California budget; otherwise, until I return you can catch up on taxes from the bloggers … Continue reading →

Posted in Taxable Talk | Comments Off on Vacation

Tax Changes in the California Budget

Posted on July 23, 2009 by Russ

The California budget deal will likely be voted on today or tomorrow. There are a number of tax changes in it that will impact Californians: Estimated Taxes Accelerated (Again). Under federal law, taxpayers make four equal (25%) estimated tax payments … Continue reading →

Posted in California | Comments Off on Tax Changes in the California Budget

Federal Toilet Paper Tax?

Posted on July 21, 2009 by Russ

Via Watts Up With That comes news of Congressman Earl Blumenauer’s (D-OR) proposed Water Resources Protection Act. Buried in this legislation are four new taxes [link opens a Word document] – 3% excise tax on items disposed of in wastewater, … Continue reading →

Posted in Legislation | Comments Off on Federal Toilet Paper Tax?

It’s Official, But the Details Are Lacking

Posted on July 21, 2009 by Russ

California has a budget deal. That said, the devils is always in the details and those are lacking this morning. What’s known is that local governments (counties and cities) will face a $5 billion cut, the plan includes borrowing and … Continue reading →

Posted in California | Comments Off on It’s Official, But the Details Are Lacking

Budget Deal Done

Posted on July 20, 2009 by Russ

The Flash Report said this evening that a budget deal is done. “Lots of cuts, lots of borrowing, lots of gimmicks. But from the briefings I have had so far, the cuts are substantial, with mega-billions that are permanent.” The … Continue reading →

Posted in California | Comments Off on Budget Deal Done

More on FBAR

Posted on July 20, 2009 by Russ

The Foreign Bank and Financial Account Reporting (FBAR) has been making the news. Today’s Wall Street Journal has an article detailing some of the issues with the filing requirements. Additionally, the New York State Bar Association isn’t happy with the … Continue reading →

Posted in IRS | Tagged | Comments Off on More on FBAR

I Hope He’s Not Your IRS Auditor

Posted on July 20, 2009 by Russ

The headline says it all: “IRS agent arrested for threats: Treasury Department investigates Valencia man for filing false tax returns”. Yelling “I’m going to kill you” to Treasury Agents isn’t likely the best strategy in the world. As the article … Continue reading →

Posted in IRS | Comments Off on I Hope He’s Not Your IRS Auditor

Real Budget Cuts Needed

Posted on July 20, 2009 by Russ

I read this story this morning and couldn’t believe it. Yet I’ve been assured it’s true. California’s DMV is returning a check because it was sent in too quickly from the time the notice was received! There’s another few bucks … Continue reading →

Posted in California | Comments Off on Real Budget Cuts Needed

California Budget Vote This Week?

Posted on July 20, 2009 by Russ

Rumors are flying that a vote will occur this week on a new California budget that contains no new taxes. Of course, until the proposal is read no one knows what “user fees” and other disguised tax increases are within … Continue reading →

Posted in California | Comments Off on California Budget Vote This Week?

Woman Accepts Guilt in Defrauding Psychic

Posted on July 14, 2009 by Russ

That’s the headline in the Rutland (Vermont) Herald. Denise Hall was employed by psychic Rosemary Altea. Ms. Hall pleaded guilty to wire fraud and filing a false tax return. It seems that Ms. Hall was Ms. Altea’s bookkeeper. Ms. Hall … Continue reading →

Posted in Tax Evasion | Comments Off on Woman Accepts Guilt in Defrauding Psychic