Monthly Archives: September 2014

James Traficant Dies

Posted on September 27, 2014 by Russ

James Traficant, the colorful ex-Congressman from Youngstown, Ohio, died today at age 73. He had been injured on Tuesday when a tractor flipped on to him at his farm near Youngstown. Mr. Traficant spent eight years at ClubFed following his … Continue reading →

Posted in Ohio | Tagged | 1 Comment

California Mandates E-Filing of Business Returns

Posted on September 27, 2014 by Russ

The California legislature passed a law mandating e-filing of most business returns beginning with 2014 returns filed in 2015. This legislation was signed into law. Exemptions are available but must be requested from the Franchise Tax Board. Although not mentioned … Continue reading →

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They Both Begin With “E”

Posted on September 21, 2014 by Russ

Here’s a good way to make some money (for a while). You create a phony vendor, and send invoices to your company for that vendor for work that was, of course, never preformed. The money from the phony vendor isn’t … Continue reading →

Posted in Tax Evasion | 1 Comment

“I’ve tried to tell you the truth every time I’ve been here”

Posted on September 21, 2014 by Russ

That quote is from IRS Commissioner John Koskinen during his testimony from earlier this week on Capitol Hill. I have a simple question for Commissioner Koskinen: Why doesn’t that quote read, “I’ve told you the truth every time I’ve been … Continue reading →

Posted in IRS | Tagged | 1 Comment

Hyatt Decision a Win for FTB as Far as Damages, but Decision Upheld that FTB Committed Fraud

Posted on September 18, 2014 by Russ

The Nevada Supreme Court released its decision today in Franchise Tax Board of California v. Hyatt. The decision is definitely a win for the FTB as far as damages; however, the Court upheld that the FTB committed fraud against Mr. … Continue reading →

Posted in California | Tagged , | 4 Comments

Zuckermans Sentenced; No Word on Fido & Lulu

Posted on September 17, 2014 by Russ

Earlier this year I reported on the case of Mathew and Sandra Zuckerman. The Zuckermans stopped filing and correctly paying taxes back in 1986. When you’re doing something illegal it’s best to keep a low profile. The Zuckermans eschewed that … Continue reading →

Posted in Tax Evasion | 1 Comment

Hyatt Decision Due Tomorrow (Thursday)

Posted on September 17, 2014 by Russ

The long running battle between Gilbert Hyatt and the Franchise Tax Board of California here in Nevada is likely nearing a conclusion. The Nevada Supreme Court listed the Hyatt case in their list of Forthcoming Opinions. Given that the FTB’s … Continue reading →

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From Owning a Party Mansion to Partying at ClubFed

Posted on September 14, 2014 by Russ

Claude Verbal II wasn’t the most well liked owner of a home in North Raleigh, North Carolina. It seems that the 15,000 square foot mansion wasn’t used as a home; rather, it was a place to PARTY! To be fair, … Continue reading →

Posted in Tax Fraud | Tagged | 1 Comment

It Never Works, But They Keep Doing It

Posted on September 14, 2014 by Russ

“It amazes me that people who withhold payroll taxes and don’t remit them to the IRS can get away with it.” That’s what my friend, Scott Harker, EA, said to me this morning. Yet time and again I read stories … Continue reading →

Posted in Payroll Taxes, Tax Fraud | 1 Comment

Let’s Give Lois Lerner Credit Where Credit Is Due

Posted on September 10, 2014 by Russ

We don’t know with certainty what Lois Lerner’s role is in the IRS scandal. However, let’s give credit to Ms. Lerner in exposing something that definitely is wrong with the IRS. It turns out that Ms. Lerner was upset with … Continue reading →

Posted in IRS | Tagged | 1 Comment