Monthly Archives: August 2011

22 Years, But at Least He’ll be Away from his Wife and Mistress

Posted on August 30, 2011 by Russ

We’ve written about Thomas Parenteau before. His trial was straight out of a cheap novel: He was accused of tax fraud and money laundering while living in a 30,000 square foot mansion with his wife and his mistress. Last year, … Continue reading →

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The Shipment of California Jobs to Texas — What can be Done?

Posted on August 29, 2011 by Russ

Back in April, Herman Bouma, an attorney with Buchanan Ingersoll & Rooney PC in Washington, DC, penned this prediction: May 2, 2011. This just in: Concerned about the shipment of California jobs to Texas, the California State Legislature today passed … Continue reading →

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IRS Extends Offshore Voluntary Disclosure Deadline

Posted on August 26, 2011 by Russ

The IRS announced an extension of the deadline for participating in the 2011 Offshore Voluntary Disclosure Initiative due to potential issues from Hurricane Irene: Due to the potential impact of Hurricane Irene, the IRS has extended the due date for … Continue reading →

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Today Is the Day to Prepare (Hurricane Irene)

Posted on August 25, 2011 by Russ

If you are a resident of New Jersey, New York City/Westchester County/Long Island, Connecticut, Rhode Island, or Massachusetts, you need to drop what you’re doing and get prepared for Hurricane Irene. Now. Maybe we’ll get lucky and Hurricane Irene will … Continue reading →

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Shake, Rattle, and Irene

Posted on August 24, 2011 by Russ

I live in earthquake country. The notorious San Andreas Fault is about 55 miles away (it runs just to the north and east of San Bernardino); the Newport-Inglewood Fault (which caused the 1933 Long Beach Earthquake) is just ten miles … Continue reading →

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Revenue Canada Says “Just Say No” to the IRS

Posted on August 24, 2011 by Russ

Last Sunday I linked to two well-written articles by Don Cayo of the Vancouver Sun. One question that has interested individuals residing in Canada who are impacted by FBAR (Form TD F 90-22.1) is whether the Canadian tax authorities would … Continue reading →

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A Question of Wirth

Posted on August 22, 2011 by Russ

Jeffrey Wirth was the sole owner of the Wirth Companies, a Minnesota commercial real estate company. Mr. Wirth developed numerous trophy properties in the Twin Cities, including the Grand Hotel in Minneapolis, the Grand Rios Hotel & Waterpark in Brooklyn … Continue reading →

Posted in Minnesota, Tax Evasion | 1 Comment

Catching Minnows Instead of Whales

Posted on August 22, 2011 by Russ

I like Joe Kristan’s terminology for the IRS’ efforts going after anyone who hasn’t filed an FBAR…even if they don’t really owe any additional tax: Using a shotgun to get jaywalkers. Of course, that’s all part of the kindler, gentler … Continue reading →

Posted in International | Tagged , | 1 Comment

You Didn’t Hear About the Woman Who Gave Birth to Nondecuplets?

Posted on August 22, 2011 by Russ

Well, back in December of 2002 a woman named Norma Coronel allegedly gave birth to nineteen children. I never heard of this, and with the birth supposedly happening in nearby Los Angeles, I’m certain that a woman giving birth to … Continue reading →

Posted in Tax Fraud | 1 Comment

There’s Good and Bad Creativity

Posted on August 22, 2011 by Russ

There’s being aggressive, and there’s being stupid. A. Blair Stover was the latter. As the 8th Circuit Court of Appeals noted, [The IRS]…found that even the most conservative estimate of the tax loss to the government caused by Stover’s schemes … Continue reading →

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