Author Archives: Russ

Supreme Court Litigator, High-Stakes Poker Player, and Tax Felon?

This morning, a friend texted me, “Russ, you MUST read this!” with a link to this story about Supreme Court litigator Tom Goldstein.  Mr. Goldstein was indicted on numerous tax-related charged regarding how he handled his high-stakes poker playing. Mr. … Continue reading

Posted in Gambling, Tax Evasion, Tax Fraud | Leave a comment

IRS Extends California Fire Disaster Area Deadlines Until October 15th

The IRS announced this afternoon that taxpayers in Los Angeles County impacted by the current wildfires have all tax deadlines extended until October 15th. This includes: Individual and C-Corporation Tax Returns (and payments of tax) due on April 15th; Partnership … Continue reading

Posted in California | Tagged , | Leave a comment

Personal Tax Return Filings to Begin on January 27th

The IRS announced today that, as expected, efiling of tax returns will begin on Monday, January 27th.  Individual tax returns are due on Tuesday, April 15th. We strongly advise efiling your tax returns (if possible), and we also strongly advise … Continue reading

Posted in IRS | Tagged | Leave a comment

New Jersey Division of Taxation Wishes to Add More Identity Theft

One of our clients received a notice from the New Jersey Division of Taxation asking for additional documentation for a previously filed tax return (copies of W-2s, 1099s, and the federal tax return).  New Jersey gave two options for responding: … Continue reading

Posted in New Jersey | Leave a comment

The 2024 Tax Offender of the Year

One year, perhaps, there won’t be so many nominees for my annual Tax Offender of the Year award…but this isn’t the year.  We even have a repeat nominee (and I strongly considered giving that nominee the award).  As a reminder, … Continue reading

Posted in IRS, Tax Fraud | Tagged | Leave a comment

I’m Not Making This Up: BOI Is Stayed Again

I swear I’m not making this up: Tonight, the 5th Circuit Court of Appeals has reversed the previous ruling, and once again the Beneficial Ownership Information (BOI) reporting requirements of the Corporate Transparency Act (CTA) are again stayed nationally. This … Continue reading

Posted in FINCEN | Tagged | Leave a comment

5th Circuit Court of Appeals Stays BOI/CTA Injunction; BOI Reports Again Due January 1, 2025

Today, the 5th Circuit Court of Appeals stayed the previous ruling putting a nationwide injunction against the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting.  This ruling can be appealed by the plaintiffs to the Supreme Court, but it’s … Continue reading

Posted in FINCEN | Tagged | Leave a comment

IRS Announces 2025 Standard Mileage Rates

The IRS announced the 2025 standard mileage rates today.  The new rates are: $0.70/mile for business use (up from $0.67/mile in 2024); $0.21/mile for medical purposes; $0.21/mile for moving for members of the Armed Forces; and $0.14/mile for charitable mileage. … Continue reading

Posted in IRS | Tagged | Comments Off on IRS Announces 2025 Standard Mileage Rates

Nominations Due for the 2024 Tax Offender of the Year

It’s nearly time for the award I annually give: The Tax Offender of the Year.  To qualify, the winner has to do more than cheating on his or her taxes; he or she needed to really cheat or have committed … Continue reading

Posted in Tax Fraud | Tagged | Comments Off on Nominations Due for the 2024 Tax Offender of the Year

US Appeals BOI Injunction

In a move that surprises absolutely no one, the United States has appealed the preliminary injunction issued by Judge Amos Mazzant against the Corporate Transparency Act (CTA) and Beneficial Ownership Information (BOI) reporting.  The appeal is to the Fifth Circuit … Continue reading

Posted in FINCEN | Tagged | Comments Off on US Appeals BOI Injunction