Author Archives: Russ

Once Again, Registration of a Tax Preparer Doesn’t Stop Him from Bad Behavior

With tonight’s season premier of Breaking Bad, it feels apropos to note a tax “professional” who is accused of bad behavior. The US Department of Justice filed suit against Michael Turner of San Diego. Mr. Turner is alleged to have, … Continue reading

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Ledyard 3, Mashantucket Pequots 0

Back in mid-July the 2nd Circuit Court of Appeals ruled on an interesting case regarding tribal sovereignty at Indian casinos. The case pitted the country’s largest casino, Foxwoods, against the town of Ledyard and the State of Connecticut. The issue: … Continue reading

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IRS Postpones August 30th Furlough Day

The IRS will be open for business on Friday, August 30th (the Friday before the Labor Day weekend). The IRS postponed the scheduled furlough day, noting: “We have made substantial progress in cutting costs. … Our progress is such that … Continue reading

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IRS Delays Disclosure Authorization Retirement for Three Weeks

Good news for tax professionals. When I went to IRS e-services this morning, I was greeted by this message: DA and EAR Retirement delayed by three weeks The planned retirement of Disclosure Authorization and Electronic Account Resolution on August 11, … Continue reading

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Rhode Island Is Now a Bad State for Gamblers

Little Rhody, Rhode Island, changed its tax structure for 2012. Rhode Island eliminated itemized deductions (but did increase the standard deduction). Thus, an amateur gambler with $50,000 of gambling winnings and $30,000 of gambling losses will owe tax on his … Continue reading

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IRS Scandal Continues to Percolate

Some news this week on the IRS Scandal: Darrell Issa has expanded the probe of the IRS scandal to the Federal Elections Commission. As CNN’s Jake Tapper stated, “If you thought the IRS targeting–scandal, controversy, whatever you want to call … Continue reading

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While I Was Out…

Ten days off in a row should have been enough…but it wasn’t. In any case, here are some of the posts that the tax blogosphere had that might be of interest: Jason Dinesen asked, “What’s the upside of preparer regulation … Continue reading

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Kansas Joins Bad States for Gamblers in 2014

Heads-up to residents of the Sunflower State: Your state will join the list of bad states for amateur gamblers beginning in 2014. During this year’s legislative session, your state legislature eliminated the itemized deduction for gambling losses beginning January 1, … Continue reading

Posted in Gambling, Kansas | 3 Comments

Vacation

It’s time for my annual vacation. If something earth-shattering in the tax world happens while I’m relaxing, I’ll take time out to post on it. Otherwise, enjoy the fine bloggers listed in the blogroll on the right. For the latest … Continue reading

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The Flow of AGI from One State to Another

From watchdog.org comes an interesting interactive map showing how money has flowed from state to state. Back when I moved to Nevada from California, I noted this issue. Here’s yet more verification that this is real. The five biggest losers … Continue reading

Posted in Arizona, California, Illinois, Nevada, New Jersey, New York, North Carolina, Ohio, Texas | 1 Comment