Monthly Archives: December 2018

The 2018 Tax Offender of the Year

Posted on December 31, 2018 by Russ

Another year has gone by. And that means it’s once again time for that most prestigious of prestigious awards, the Tax Offender of the Year. As usual, there’s a plethora of nominees. As usual, I wish there weren’t any deserving … Continue reading →

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Taxes No Longer the Top Reason for Businesses Leaving California

Posted on December 24, 2018 by Russ

California: Good News! Your taxes, tops in the country, are no longer the top reason businesses are leaving the Bronze Golden State. It’s not that taxes have improved; rather, your laws and regulatory climate have exceeded taxes as the reason … Continue reading →

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Up In Smoke…Again

Posted on December 20, 2018 by Russ

Where there’s smoke, there’s fire. Where there’s a marijuana business, there’s Section 280E and the desire to find a means around it. The Tax Court looked at two cases today involving semi-legal marijuana dispensaries (legal on the state level, but … Continue reading →

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The Freedom of Information Act Doesn’t Allow Access to President Trump’s Tax Returns

Posted on December 19, 2018 by Russ

Section 6103(a) of the Internal Revenue Code (IRC) mandates that tax returns shall be confidential. The Electronic Privacy Information Center (EPIC) wanted a peak at President Trump’s tax returns; might there be income from Russia? They submitted a Freedom of … Continue reading →

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Hug Your Tax Professional, or The Upcoming Horrible, Miserable, Rotten, and Delayed Tax Season

Posted on December 12, 2018 by Russ

A question I’ve been asked many times this month: When will the 2019 Tax Season (for filing 2018 tax returns) open? The answer I’ve given is, “I don’t know.” Normally by now the IRS has released the date. As of … Continue reading →

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Nominations Due for Tax Offender of the Year

Posted on December 12, 2018 by Russ

In a little less than a month it will be time to reveal this year’s winner of the prestigious “Tax Offender of the Year” award. Remember, To be considered for the Tax Offender of the Year award, the individual (or … Continue reading →

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IRS (and All Federal Agencies) Closed Tomorrow, December 5th

Posted on December 4, 2018 by Russ

The Internal Revenue Service and all federal agencies will be closed tomorrow, Wednesday, December 5th, for the national day of mourning for President George H.W. Bush. The IRS also announced today that they have granted taxpayers an extra day, until … Continue reading →

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