Monthly Archives: November 2016

At Least His Name Was Right on the Return

Posted on November 28, 2016 by Russ

Steven H. Young of St. Petersburg, Florida didn’t like to pay taxes. Well, most of us don’t like to pay taxes but we do because it’s the law. Mr. Young decided that veracity wasn’t needed when filing tax returns. Mr. … Continue reading →

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Sovereign Stupidity

Posted on November 20, 2016 by Russ

Most electrical engineers are intelligent. Perhaps I’m biased: My father was an electrical engineer and my brother has a degree in electrical engineering. This story focuses on an electrical engineer who showed a lack of intelligence in dealing with taxes. … Continue reading →

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Gambling With an Edge Podcast

Posted on November 20, 2016 by Russ

I am the guest on this week’s Gambling With an Edge Podcast. We discuss year-end tax planning, Caesars’ bankruptcy, tax deadline changes for 2016 returns, and how the final table players of the main event of the World Series of … Continue reading →

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A Housekeeping Message

Posted on November 20, 2016 by Russ

We will soon be changing hosting companies. If you subscribe to this blog you may need to resubscribe once this occurs. The changeover should happen in the next couple of weeks.

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This Isn’t What I Think of When I Hear “Law School”

Posted on November 13, 2016 by Russ

When I think of a law school, I think of a university teaching students how to be attorneys. My cousin is a professor at the University of Chicago Law School; that’s a law school. That’s not what I’m writing about … Continue reading →

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What Will President Trump Do To Our Taxes?

Posted on November 9, 2016 by Russ

When I woke up this morning I discovered yet another impossible item just happened (the Cubs really did win the World Series, right?). The media was saying that Hillary Clinton was going to be President. Oops. So what will President-Elect … Continue reading →

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No Gambling Log, No Problem, Right?

Posted on November 8, 2016 by Russ

Two married poker players worked as house players (commonly called “proposition players” or “props”) in California. They were paid wages for their work, but they had gambling winnings that they didn’t include on their tax return. They state they lost … Continue reading →

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The 2016 Real Winners of the World Series of Poker

Posted on November 2, 2016 by Russ

Nine individuals came to Las Vegas over the last three days 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 winner’s … Continue reading →

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