Monthly Archives: December 2013

2013 Tax Offender of the Year

Posted on December 31, 2013 by Russ

It’s time once more for that most prestigious of prestigious awards, the 2013 Tax Offender of the Year. The winner of this award must do more than just cheat on his or her taxes. It has to be special; it … Continue reading →

Posted in IRS, Taxable Talk | 3 Comments

Bring Me the Usual Suspects: Small Business Policy Index 2013

Posted on December 29, 2013 by Russ

The 18th annual Small Business Policy Index was released almost three weeks ago by the Small Business & Entrepreneurship Council. Congratulations are in order for my home state of Nevada; the Silver State ranked second (behind only South Dakota). Bringing … Continue reading →

Posted in California, Nevada, South Dakota | 2 Comments

Capital Losses Must be Realized to be Taken

Posted on December 29, 2013 by Russ

With just two business days left in 2013, it may be time for you to harvest some capital losses. You’re allowed to take $3,000 of capital losses (in excess of capital gains). To be a capital loss, the transaction must … Continue reading →

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Nominations Due for 2013 Tax Offender of the Year

Posted on December 25, 2013 by Russ

With just under a week to go before 2013 is complete, it’s time for a final reminder to submit nominations for the Tax Offender of the Year. To be considered for the Tax Offender of the Year award, the individual … Continue reading →

Posted in Taxable Talk | Tagged | 1 Comment

Business Tax Season to Begin on January 13th

Posted on December 21, 2013 by Russ

The IRS announced that they will begin accepting 2013 business tax return on Monday, January 13, 2014. This includes corporate tax returns (Forms 1120 and 1120S), partnership tax returns (Form 1065), trust and fiduciary tax returns (Form 1041), excise tax … Continue reading →

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“Unabomber” (Poker Player) Phil Laak Reportedly Hit With Tax Liens from California

Posted on December 19, 2013 by Russ

Phil Laak is a very successful poker player. According to the Hendon Mob database, he’s won more than $3,136,000 in poker tournaments. He’s also a successful cash game player. The web site TMZ has stated that Phil Laak left out … Continue reading →

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FBI Agent Structures His Gambling Into ClubFed

Posted on December 19, 2013 by Russ

Law enforcement officers are supposed to know the law. That’s obvious, but one former FBI agent remembered half the law about currency (cash) deposits to his regret. Travis Wilson is a former Special Agent of the FBI. Agent Wilson liked … Continue reading →

Posted in Gambling, IRS | Tagged | 1 Comment

The Death of the Death Master File (Sort of)

Posted on December 19, 2013 by Russ

I’ve been complaining about the Death Master File for some time. This is a wonderful tool for identity thieves, allowing them to get all the details for an individual who has gone to the great beyond. As Jason Dinesen noted, … Continue reading →

Posted in IRS | Tagged , | 1 Comment

Tax and Insurance Administration Are Different

Posted on December 18, 2013 by Russ

Jason Dinesen tweeted tonight about the insurance regulation report card issued by RStreet.org. On Monday, the Tax Foundation posted about the Council on State Taxation (COST) grading states on taxpayer administration. I thought it would be interesting to compare the … Continue reading →

Posted in California, Nevada, Virginia | Comments Off on Tax and Insurance Administration Are Different

2014 Tax Season to Begin on January 31st

Posted on December 18, 2013 by Russ

The IRS announced today that 2013 personal tax returns will begin to be accepted on January 31st. Since most states piggyback onto the IRS’s computer system, most state returns can also begin to be filed on January 31st. The 2013 … Continue reading →

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