Author Archives: Russ

Once Again, Bring Me the Usual Suspects: 2014 Small Business Tax Index

The Small Business & Entrepreneurship Council recently released their “Small Business Tax Index 2014.” You may remember that last October I wrote about their “Small Business Policy Index 2013.” Congratulations are in order for my home state, the Silver State, … Continue reading

Posted in California, Nevada | 1 Comment

The Scamsters Haven’t Stopped

One of my clients called me first thing this morning (we’ll call him Joe from Richmond, Virginia; all names and cities have been changed to protect the innocent and guilty). Joe said he got a phone call from David. David … Continue reading

Posted in IRS, Scams | Tagged | Comments Off on The Scamsters Haven’t Stopped

A Little Housekeeping

We’re in the process of updating our website and the look of the blog. For now, we’re using the “default” WordPress format. This may change in the next few weeks as we make other (more important) changes.

Posted in Taxable Talk | Comments Off on A Little Housekeeping

It’s Probably Not Good for Your Case When the Court Considers Sanctioning Your Attorney

The Tax Court had a routine decision today in a collection matter. The case itself (Best v. Commissioner) isn’t particularly interesting; the Court upheld the IRS’s collection efforts. It’s the last page and a half of the decision that caught … Continue reading

Posted in Tax Court | 2 Comments

Toyota Living Up to Their Slogan: They’re Going Places (to Texas from California)

Toyota’s current slogan is “Let’s go places.” And they are–Toyota is leaving the Bronze Golden State and moving to the Lone Star State. While Toyota isn’t saying anything about why they might move roughly 5,000 employees from Torrance to Dallas, … Continue reading

Posted in California, Nevada, Texas | Comments Off on Toyota Living Up to Their Slogan: They’re Going Places (to Texas from California)

Your Dependents do have to be Your Dependents…

One of my clients is expecting their first child at any moment. Their new baby will be their first dependent for their 2014 tax returns. Mahamadou Daffe of Queens, New York had other ideas about dependents. Mr. Daffe stole identities … Continue reading

Posted in Tax Fraud | 1 Comment

There Is No Tax Fairy (Yet Again)

Joe Kristan has the story of two CPAs who told clients that there is a wonderful Tax Fairy, that mythical creature who turns income into deductions or credits through alchemy and magic. Unfortunately, the Tax Fairy doesn’t exist, and clients … Continue reading

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Gilbert Hyatt Sues FTB & BOE Over 20+ Year Wait

There are delays and there are delays. Gilbert Hyatt has been waiting two years to find out how the Nevada Supreme Court would rule on the (California) Franchise Tax Board’s appeal of his $500 million award. A decision in that … Continue reading

Posted in California | Tagged | Comments Off on Gilbert Hyatt Sues FTB & BOE Over 20+ Year Wait

The Tanning Tax: Alan Greenspan Gets It Right (Again)

Alan Greenspan, the former chairman of the Federal Reserve, has the wonderful quote: Whatever you tax, you get less of. It’s something our Congresscritters might take to heart…but I doubt it. Today, let’s look at the tanning tax. This tax … Continue reading

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It’s a Ten-Digit World (Especially in Las Vegas)

This post has nothing to do about taxes, but everything to do with phone numbers in Las Vegas. Beginning one week from today, the 702 area code (which covers Clark County, Nevada–primarily the Las Vegas metropolitan area) will be “overlayed” … Continue reading

Posted in Las Vegas | Comments Off on It’s a Ten-Digit World (Especially in Las Vegas)