Monthly Archives: September 2015

How Should Multiple Buy-Ins for a Poker Tournament be Handled on a W-2G?

Posted on September 9, 2015 by Russ

Poker tournaments today have various forms. Some are “freeze-outs,” where you can only buy into the tournament once. Some have rebuys and add-ons, where if you lose all your chips you can rebuy into the tournament and if you’re in … Continue reading →

Posted in Gambling | Tagged | 2 Comments

Ghost Hunter, Pheasant Hunter, or Deduction Hunter: No Matter, He Loses at Tax Court

Posted on September 8, 2015 by Russ

My favorite Tax Court judge, Mark Holmes, is out with an opinion where Ghostbusters makes an appearance. And once again keeping records would win the day but perhaps that would take a supernatural effort from today’s petitioner. David Laudon is … Continue reading →

Posted in Uncategorized | 1 Comment

The Family that Commits Tax Evasion Together Goes to ClubFed Together

Posted on September 6, 2015 by Russ

You own a payroll company with your son. It’s been a good year, so you decide to give yourself a bonus from the corporation. There’s nothing wrong with that–it’s your company, and you certainly can pay yourself whatever you feel … Continue reading →

Posted in Tax Fraud | 1 Comment

IRS Removes Social Security Number from Some Notices But…

Posted on September 6, 2015 by Russ

The IRS has begun removing social security numbers from some IRS notices in the header (leaving just the last four digits, such as xxx-xx-1234). The reason for this is the problem of identity theft. And I give kudos to the … Continue reading →

Posted in IRS | Tagged | 2 Comments