Monthly Archives: October 2012

The Real Winner of the 2012 World Series of Poker

Posted on October 31, 2012 by Russ

Nine individuals came to Las Vegas early this week to compete for the championship at the World Series of Poker (WSOP). Who would be the lucky winner? And who really got to keep the money? This year’s World Series of … Continue reading →

Posted in Gambling | 4 Comments

New York Extends Tax Deadlines Because of Sandy; Expect the IRS, New Jersey, Pennsylvania and Others to Follow

Posted on October 29, 2012 by Russ

The New York State Department of Taxation and Finance announced that they have extended all tax deadlines falling from October 26 to November 14 to November 14th because of Hurricane Sandy. I expect similar actions to be taken by the … Continue reading →

Posted in IRS, New Jersey, New York, Pennsylvania | Tagged | 1 Comment

Bennett Gets 15 Months

Posted on October 28, 2012 by Russ

Michael Bennett, a former NFL player with the Minnesota Vikings and Oakland Raiders, received 15 months at ClubFed last week. Mr. Bennett got involved with a fraud scheme that was tangential to an identity theft/tax refund scheme. Mr. Bennett went … Continue reading →

Posted in Tax Fraud | Tagged | 1 Comment

Woman Paid for Stealing Identities

Posted on October 28, 2012 by Russ

Angeline Austin of Troy, Alabama worked for Southern Records Management. She was assigned by her employer to Troy Hospital. Ms. Austin felt the need for additional income. Unlike most of us who would actually obtain a second job, Ms. Austin … Continue reading →

Posted in IRS | Tagged | Comments Off on Woman Paid for Stealing Identities

California Dreamin’

Posted on October 25, 2012 by Russ

Democratic Governor Jerry Brown of California is dreaming of a tax increase. Voters in California apparently aren’t sharing the same dreams; perhaps they see the current economic climate and wonder, ‘If we have to make do with our current earnings, … Continue reading →

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Nevada Business Tax Initiative Ruled Invalid

Posted on October 24, 2012 by Russ

Judge James Wilson in Carson City ruled that a proposed tax increase initiative authored by Nevada teachers is invalid. Judge Wilson ruled that the description of the initiative was deceptive and misleading. Nevada tax ballot measures work differently than in … Continue reading →

Posted in Nevada | 1 Comment

Tax Foundation Releases State & Local Tax Burdens

Posted on October 24, 2012 by Russ

The Tax Foundation released its annual State-Local Tax Burden Ranking. In what won’t be shocking to most readers, New York came in first…and that’s not a good thing. Here are the ten worst states: 1. New York 12.8% 2. New … Continue reading →

Posted in New York | Tagged | 1 Comment

Bad States for Gamblers

Posted on October 22, 2012 by Russ

It’s been a while since I’ve listed out the bad states for gamblers. Here’s an updated list. Make sure you read the notes because while all of these states have tax systems that are problematic for gamblers, some impact amateurs … Continue reading →

Posted in Connecticut, Gambling, Hawaii, Illinois, Indiana, Massachusetts, Michigan, Minnesota, Mississippi, New York, Ohio, Washington State, West Virginia, Wisconsin | 1 Comment

Thoughts on the Reid/Kyl Online Poker Bill

Posted on October 21, 2012 by Russ

On Friday, copies of the purported Internet Gambling Prohibition, Poker Consumer Protections, and Strengthening UIGEA Act of 2012 appeared. The draft of the legislation is just that: a draft. The actual legislation that might pass Congress in the lame duck … Continue reading →

Posted in Gambling | Tagged , , , | 2 Comments

L.A. County Assessor Arrested in Corruption Probe

Posted on October 18, 2012 by Russ

John Noguez, Los Angeles County Assessor, Ramin Salari, a property tax consultant, and Mark McNeil, an aide to Mr. Noguez, were all arrested on charges of conspiracy and misappropriation of public funds. The allegation is that Mr. Salari paid (bribed) … Continue reading →

Posted in California | Tagged | 1 Comment