Monthly Archives: October 2011

Recharacterization Deadline for Roth IRAs is October 17th

Many individuals converted their traditional IRA to a Roth IRA in 2010. It seemed like a great idea but then the stock market went down. Now, some of these individuals owe tax on money they no longer have. You can … Continue reading

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Sometimes the Light at the End of the Tunnel Is an Oncoming Train

September revenue in California came in at a bit more than $300 million under forecast. That brings the fiscal year to somewhere between $700 and $800 million below forecast. (The California Controller’s office and the California Finance Department use slightly … Continue reading

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Former NFL Player Sacked for Evasion

Jeffrey Lynn Walker played three seasons in the NFL in the 1980s with the San Diego Chargers and the New Orleans Saints. Mr. Walker was an offensive lineman, so he was trying to make holes for the offense. After his … Continue reading

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Bad News for Medical Marijuana

Yesterday the Associated Press reported that US Attorneys in California have sent letters ordering medical marijuana dispensaries to close. The problem is that while medical marijuana use in California is legal under state law, marijuana remains illegal under federal law. … Continue reading

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Four Weeks of Freedom Could Cost Ten Years at ClubFed

I’ve reported on Tony and Micaela Dutson before. The couple, who were nominated for my prestigious Tax Offender of the Year award (but did not win in 2010), apparently wanted to try again in 2011. Back In June 2010 I … Continue reading

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It Turns Out They Weren’t Brothers from Another Planet

It may be the High Holy Days for Jews around the world, but it appears that every day is a holy day for the Office of the Patriarch of the Gathering of the House of Israel. You never heard of … Continue reading

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