Monthly Archives: March 2011

Annual Blog Hiatus

Posted on March 28, 2011 by Russ

With just about three weeks left before Tax Day, it’s time for my annual blog hiatus. I’ve written my annual top ten Bozo Tax Tips (they’ll start appearing next week), but between now and April 15th my clients are paying … Continue reading →

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What Do South Dakota, Nebraska, Virginia, and Texas Have in Common?

Posted on March 28, 2011 by Russ

No, they’re not the home states of the schools in the NCAA Final Four. They’re the states that would like Caterpillar to relocate from Illinois. Why would Caterpillar look to leave the Land of Lincoln and fly away? Taxes and … Continue reading →

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Could You be Doing Business in California Without Knowing It?

Posted on March 28, 2011 by Russ

Let’s say your Florida-based company manufactures and sells widgets. You used to be located in California, but decided the Sunshine State was a better business location than the Bronze Golden State. You have no employees, property, or any other ties … Continue reading →

Posted in California | Tagged | 1 Comment

Rappin’ Your Way to ClubFed

Posted on March 23, 2011 by Russ

Of course, not only are there Bozo tax professionals, there are Bozos in all professions–especially the arts. Ja Rule is a famous rapper (well, famous in the world of rap). He also followed the tax practice that income after tax … Continue reading →

Posted in Uncategorized | 2 Comments

A License Didn’t Prevent This (and Won’t in the Future)

Posted on March 23, 2011 by Russ

There’s no doubt in my mind that even if every tax preparer in the country obtained a license, there would still be problems with tax professionals. It’s human nature: Some people are greedy and, as Willie Sutton didn’t state [when … Continue reading →

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Finally, California Doesn’t Lead the Tax World In Something

Posted on March 21, 2011 by Russ

Officials in California sighed with relief when the recent IRS report on jailhouse tax fraud came out. In a delightful change, California finished second to Florida. Enough with the humor. The reason I wrote this is that Senator Bill Nelson … Continue reading →

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Fallen from the Peak

Posted on March 21, 2011 by Russ

With the Final Four in full force, it seems fitting to look at one man who is probably not enjoying the NCAA Basketball championships. In prior years, Nathan Peake would likely be scouting players, to see if any would be … Continue reading →

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Avoiding Floor Decisions

Posted on March 15, 2011 by Russ

A number of people, especially my poker friends, have asked me why I would want to be a tax accountant. It does seem like an odd shift from professional poker player to tax accountant, at least on the surface. The … Continue reading →

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$200,000,000 Refund Letters Come in Ohio, but the Refunds Won’t

Posted on March 15, 2011 by Russ

Some things are too good to be true. Imagine receiving a letter in the mail saying you will receive an income tax refund of $200,000,000. Yes, $200 million. Well, 9,701 taxpayers in the Buckeye State got such letters. As first … Continue reading →

Posted in Ohio | 1 Comment

Will California Start Their Own Online Poker Sites?

Posted on March 14, 2011 by Russ

Unless you’ve been under a rock, you know that California is broke. The budget deficit for next year is projected at somewhere between $25 and $30 billion. That has caused legislators in the Bronze Golden State to look at online … Continue reading →

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