Monthly Archives: June 2010

FBAR Deadline Is Today

Posted on June 30, 2010 by Russ

Almost all tax deadlines are on the fifteenth day of the month. However, there’s one that falls on June 30th: The filing deadline for the Report of Foreign Bank and Financial Accounts (FBAR, Form TD F 90-22.1). This is the … Continue reading →

Posted in Gambling, IRS | Comments Off on FBAR Deadline Is Today

A Method to the Evasion

Posted on June 29, 2010 by Russ

I am not into hip hop music. I had never heard of the individual mentioned below. But “Method Man” is apparently really, really big, so on we go. Clifford Smith, aka Method Man, is just your typical hip hop artist. … Continue reading →

Posted in New York, Tax Evasion | Tagged | Comments Off on A Method to the Evasion

California Heading to the Abyss

Posted on June 22, 2010 by Russ

Usually, the Democrats and the Republicans in the California legislature at least realize the problems that exist with the budget. In past years, the Democrats will propose raising all sorts of taxes knowing they’ll only get a little of what … Continue reading →

Posted in California | Tagged | Comments Off on California Heading to the Abyss

Posting Light This Week

Posted on June 21, 2010 by Russ

I’m traveling this week (to Las Vegas and Rohnert Park, California) so posting will be light this week. If Congress does take action on the S-Corp tax increase I’ll definitely be posting about that.

Posted in Taxable Talk | Comments Off on Posting Light This Week

Sales Tax Collections Drop $4.7 Billion in California

Posted on June 19, 2010 by Russ

Well, that’s the amount that California sales tax collections dropped in the 2008-2009 fiscal year according to the Board of Equalization. Readers of Taxable Talk already know that income tax collections have fallen, so this unsurprising news is a double … Continue reading →

Posted in California, Sales Tax | Comments Off on Sales Tax Collections Drop $4.7 Billion in California

Another Nominee for Tax Offender of the Year!

Posted on June 16, 2010 by Russ

In January I reported on Bozo tax protesters Tony & Micaela Dutson. Back then it was alleged that the Dutsons “tried to obstruct the IRS by filing baseless liens against four IRS workers.” Additionally, the Dutsons allegedly filed a lawsuit … Continue reading →

Posted in Tax Fraud | 1 Comment

Las Vegas Looks to SoCal…Again

Posted on June 15, 2010 by Russ

The Nevada Development Authority is once again looking to move businesses in Southern California to Las Vegas. A series of new advertisements will feature talking primates; here’s one of the ads: Personally, I liked the lipstick pig advertisements better. No … Continue reading →

Posted in Nevada | Comments Off on Las Vegas Looks to SoCal…Again

One Good Fraud Deserves Some Evasion

Posted on June 13, 2010 by Russ

My mother has always told me that for real estate the most important thing is location, location, and location. For the Bozo tax crooks out there, location definitely matters. Of course, when you sell real estate you do need to … Continue reading →

Posted in Tax Evasion | Comments Off on One Good Fraud Deserves Some Evasion

Only in Government Can the Lender and Borrower be the Same

Posted on June 13, 2010 by Russ

When I read this, I did a double take. From the New York Times: Gov. David A. Paterson and legislative leaders have tentatively agreed to allow the state and municipalities to borrow nearly $6 billion to help them make their … Continue reading →

Posted in New York | Tagged | Comments Off on Only in Government Can the Lender and Borrower be the Same

Mandatory IRS eFiling Is Coming

Posted on June 9, 2010 by Russ

If you’re a tax preparer, get ready to efile. Mandatory efiling is coming to the IRS. For the 2010 tax year (the next tax season, in 2011), if you prepare 100 or more returns you must efile; for the 2011 … Continue reading →

Posted in IRS | 1 Comment