Monthly Archives: April 2010

Bondage Broken So Now They’re In Bondage

Posted on April 27, 2010 by Russ

There’s nothing like the Church of the Everlasting Tax Break. What–you haven’t heard of that church? Well, what about the Temple of the Holy Deduction? Missed that one, too? How about the Bondage Breakers Ministry? That one rings a bell. … Continue reading →

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34 Years of Evading and the Holocaust

Posted on April 25, 2010 by Russ

Jack Barouh founded Michele Watches, a luxury brand. He sold the company to Fossil, Inc. in 2004 for $50 million. Mr. Barouh, a Holocaust survivor, in another American success story. But Mr. Barouh had a problem. He remembered the holocaust, … Continue reading →

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Two Sets of Books Are Not Better than One

Posted on April 25, 2010 by Russ

Most businesses maintain a set of books: the accounting records that show the income and expenses of the business. Most businesses keep accurate books. After all, it’s important to know how profitable the business really is. Other businesses, though, like … Continue reading →

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Off the Farm

Posted on April 25, 2010 by Russ

There’s tax evasion, and there’s big-time tax evasion. Bill Melot, of Hobbs, New Mexico, committed really big-time evasion. Mr. Melot had a farm near Hobbs. The news report doesn’t indicate what he grew, but he did get farm subsidies from … Continue reading →

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North Carolina Has a Use for Amazon

Posted on April 21, 2010 by Russ

Via the Volokh Conspiracy comes the news that North Carolina is seeking the names of everyone who has bought anything from Amazon.com since 2003. Now, why in the world would the North Carolina Department of Revenue want to know what … Continue reading →

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At Least, He’s Doing Well…

Posted on April 20, 2010 by Russ

Who is Halsey Minor? He happens to top the California Franchise Tax Board’s semi-annual listing of tax delinquents. I may not have heard of Mr. Minor, but many others have; he is the founder of CNET. Mr. Minor told c-ville.com … Continue reading →

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Who Runs California: The Legislature or the SEIU?

Posted on April 20, 2010 by Russ

If anyone wonders why California is in trouble, wonder no more. Here’s a clip from a recent legislative hearing: So should our legislators do what’s good for the people of California or what’s good for the SEIU? Well, we know … Continue reading →

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Aloha! Hawaii Repeals Gambling Loss Prohibition

Posted on April 16, 2010 by Russ

Last summer Hawaii enacted a tax, err, the elimination of the ability to take gambling losses as an itemized deduction. This made our fiftieth state even less of a good place for gamblers to reside. Today, Governor Linda Lingle signed … Continue reading →

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Bozo Tax Tip #1: Procrastinate!

Posted on April 16, 2010 by Russ

It’s April 16th. There was a deadline yesterday? Well, this post was supposed to appear yesterday morning, but apparently I clicked on the 16th rather than the 15th when I wrote it. What a difference a day makes. Yesterday, you … Continue reading →

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Bozo Tax Tip #2: Be Suspicious!

Posted on April 14, 2010 by Russ

Another repeat, but one that is a continual issue with cash business. It may be “cash and carry,” but cash is taxable in all ways. And cash reporting (or lack thereof) can be a problem. Our #1 Bozo Tax Tip … Continue reading →

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