Monthly Archives: February 2025

BOI Reporting Again Voluntary

Posted on February 28, 2025 by Russ

Last night, FinCEN issued a press release which made Beneficial Ownership Information (BOI) reporting voluntary (for now). Today, FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on … Continue reading →

Posted in FINCEN | Tagged BOI | Comments Off

California’s FTB Issued Incorrect 1099-G’s

Posted on February 20, 2025 by Russ

This afternoon, California’s Franchise Tax Board (FTB, the state income tax agency) announced that taxpayers may have received incorrect 2024 Form 1099-G’s. The Form 1099-Gs sent by FTB for tax year 2024 may contain incorrect amounts when an estimate transfer … Continue reading →

Posted in California | Tagged 2025.Tax.Season | Comments Off

If You’re Asking for Bail, Don’t Hide Your Cryptocurrency Accounts

Posted on February 11, 2025 by Russ

The saga of poker playing Supreme Court litigator (and, for the attorneys who read this, SCOTUSblog founder) Tom Goldstein continues. Mr. Goldstein was arrested late yesterday, and will be spending his time (at least for a while) at ClubFed while … Continue reading →

Posted in Gambling, Tax Fraud | Tagged Tom.Goldstein | Comments Off

20 Years Ago Today…

Posted on February 9, 2025 by Russ

…I started this blog. I was a resident of Irvine, California back then. It’s been an interesting 20 years. I have no idea what the next 20 years will bring. If you told me in 2005 that within 20 years … Continue reading →

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How Many Months Are There in a Year?

Posted on February 5, 2025 by Russ

When you were a child you learned that a minute has 60 seconds, an hour has 60 minutes, a day has 24 hours, a month has 28 to 31 days, and that there are 12 months in a year. Believe … Continue reading →

Posted in International, IRS | Comments Off