Monthly Archives: June 2011

California Passes Amazon Tax; California to Lose Tax Revenue

Posted on June 30, 2011 by Russ

As part of the recent budget, California implemented an Amazon tax. There were two components of the tax. First, any business with affiliates in the Bronze Golden State must collect sales tax on Internet sales. Second, any business with subsidiaries … Continue reading →

Posted in California | Tagged AmazonTax | 3 Comments

California Sales and Income Tax Rates Decrease Tomorrow

Posted on June 30, 2011 by Russ

As part of one of California’s bad budget deals, sales and income tax rates were temporarily increased by 1% and 0.25%, respectively, for two years. Despite the protests of Jerry Brown and Democrats in the California legislature, those temporary tax … Continue reading →

Posted in California | 2 Comments

Democrats Invent Revenue; Budget to Pass Later Today

Posted on June 28, 2011 by Russ

Jerry Brown faced one reality yesterday: The votes aren’t there for extension of the temporary tax increases passed two years ago. However, he and Democratic leaders of the California legislature will be passing a budget today that will on paper … Continue reading →

Posted in California | Tagged 2011CalBudget | Comments Off

Standard Mileage Rates Increase on July 1st

Posted on June 23, 2011 by Russ

When a manager gets a vote of confidence in baseball, he should usually start worrying that his job is in danger. After the IRS earlier this year stated that they would not increase the mileage rates, I began to believe … Continue reading →

Posted in IRS | Tagged mileage | Comments Off

Myriad of Foreign Accounts Claim Two Victims

Posted on June 22, 2011 by Russ

The Department of Justice press release reads like a Who’s Who of foreign tax havens. Sean and Nadia Roberts of Tehachapi, California (near Bakersfield) run the National Test Pilot School in Mojave. They’ve also pleaded guilty to one count of … Continue reading →

Posted in IRS | Tagged FBAR | Comments Off

Chiang Docks the Legislature; Was Budget Just $1.86 Billion Off?

Posted on June 22, 2011 by Russ

California Controller John Chiang announced today that the budget proposed by the Democrats was not balanced and that therefore he would stop paying the legislature until a balanced budget is voted on. Mr. Chiang stated, “The numbers simply did not … Continue reading →

Posted in California | Tagged 2011CalBudget | Comments Off

Unhappy Clients of Roni Deutch Talk to the Bee

Posted on June 21, 2011 by Russ

If you want to follow the Roni Deutch case, I strongly urge you to read the coverage in the Sacramento Bee. For example, on Sunday they spoke with several unhappy clients of Ms. Deutch. For the most part it appears … Continue reading →

Posted in California, IRS | Tagged RoniDeutch | 3 Comments

When You Get that $110,000 Refund That’s Not Yours….

Posted on June 20, 2011 by Russ

What happens when you get a tax refund direct deposited in your bank account? Well, you spend the money (or invest it, etc.). But what if that isn’t your refund? Well, that’s a problem. Earlier this year I reported on … Continue reading →

Posted in IRS, Orange County | Tagged Refunds | 1 Comment

Tax Lady in Court

Posted on June 19, 2011 by Russ

“Tax Lady” Roni Deutch appeared in court on Friday; she pleaded not guilty to contempt of court charges in Sacramento. She’s accused of violating court orders by shredding 2.7 million documents in violation of a court order. Meanwhile, the company … Continue reading →

Posted in Tax Evasion | Tagged RoniDeutch | 1 Comment