Monthly Archives: April 2024

An Identity Protection Unit Saga: Part 6

Posted on April 22, 2024 by Russ

When last we left the saga of my client and his tax year 2020 refund, we were waiting for a call from the Taxpayer Advocate Office.  Well, we received the callback and my client’s refund check was issued last Friday.  … Continue reading →

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Bozo Tax Tip #1: Use a Bozo Tax Professional!

Posted on April 12, 2024 by Russ

The IRS recently highlighted that taxpayers should choose tax professionals wisely; I agree.  I’ve had this as a Bozo Tax Tip in the past, but a new client highlighted this issue for me.  In the previous iteration of this “tip,” … Continue reading →

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Bozo Tax Tip #2: Withhold, but Don’t Remit, Your Employment Taxes!

Posted on April 11, 2024 by Russ

This Bozo Tax Tip—and do remember, these are things you really, really, really shouldn’t try—is aimed at the business owner who is having troubles. Business owners, unlike the federal government, can’t just print money. So let’s assume our hypothetical business … Continue reading →

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Bozo Tax Tip #3: Publicize Your Tax Crimes on Social Media!

Posted on April 10, 2024 by Russ

Social media is really, really big these days. You can follow me on Twitter. I may even update my Facebook page one of these days. Of course, I’m not a tax criminal, and my posts hopefully add knowledge for others. … Continue reading →

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Bozo Tax Tip #4: The $0.68 Solution

Posted on April 9, 2024 by Russ

With Tax Day fast approaching it’s time to examine yet another Bozo method of courting disaster. And it doesn’t, on the surface, seem to be a Bozo method. After all, this organization has the motto, Neither rain nor snow nor … Continue reading →

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Bozo Tax Tip #5: Procrastinate!

Posted on April 8, 2024 by Russ

Today is April 8th. The tax deadline is just seven days away. What happens if you wake up and it’s April 15, 2024, and you can’t file your tax? File an extension. Download Form 4868, make an estimate of what … Continue reading →

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Bozo Tax Tip #6: My Business Is Online So I Don’t Have to File State Taxes!

Posted on April 5, 2024 by Russ

Ralph (not his real name) formed a virtual business–a quite common activity these days.  Perhaps he sells products (using Amazon or another large fulfillment company to do the actual movement of goods), or maybe he has a consulting practice or … Continue reading →

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Bozo Tax Tip #7: Anger Your Tax Professional!

Posted on April 4, 2024 by Russ

If you are a tax professional living in Las Vegas, and you’re interested in working for me for the 2025 Tax Season (2024 tax returns filed in 2025)–or you are in Las Vegas and you’re interested in becoming a tax … Continue reading →

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Bozo Tax Tip #8: No Tax Form, No Income!

Posted on April 3, 2024 by Russ

Two years ago I was speaking with a new client: “Russ, I just found out that I don’t get a tax form for the income I earn. That means I don’t have to report it, right?” This individual is filing … Continue reading →

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Bozo Tax Tip #9: Ignore California!

Posted on April 2, 2024 by Russ

As we continue with our Bozo Tax Tips–things you absolutely, positively shouldn’t do but somewhere someone will try anyway–it’s time for an old favorite. Given the business and regulatory climate in California, lots of businesses are trying to escape taxes … Continue reading →

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