Author Archives: Russ

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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Bozo Tax Tip #10: Email Your Social Security Number or EIN!

Posted on April 1, 2024 by Russ

It’s time for our annual rundown of Bozo Tax Tips, strategies that you really, really, really shouldn’t try. But somewhere, somehow, someone will try these. Don’t say I didn’t warn you! This is a repeat for the eleventh year in … Continue reading →

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The Train to Nowhere Needs $100 Billion More

Posted on March 18, 2024 by Russ

I haven’t written about California’s bullet train in some time, but the news from the Golden State for the train leads me to conclude it will never be completed.  A news story notes that the train needs $4 to $7 … Continue reading →

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Corporate Transparency Act Ruled Unconstitutional; Appeal Certain

Posted on March 3, 2024 by Russ

On Friday, an Alabama federal judge ruled that the Corporate Transparency Act (CTA)–the law that authorized Beneficial Ownership Information (BOI) reporting–is unconstitutional.  As of today, this decision impacts one business in northern Alabama, but given an appeal is a certainty … Continue reading →

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San Diego County Gets Extension Until June 17th

Posted on February 28, 2024 by Russ

Heavy rains and flooding in San Diego caused the area to be declared a federal disaster zone.  The IRS extended all tax deadlines in San Diego County from January 21, 2024 onward until June 17, 2024.  This includes individual, business, … Continue reading →

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A Reminder for Charities and Officers in Charities

Posted on February 15, 2024 by Russ

I live in a swing district in a swing state.  One of the things we dread is election mail.  The primary for state offices is in June, and already we’re receiving flyers.  I’m sure the robocalls are soon to come … Continue reading →

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