Author Archives: Russ

Bozo Tax Tip #6: Just Don’t File

Posted on April 4, 2013 by Russ

We’re running some repeats, but there is some new Bozo material coming. It’s just that people keep trying the same things over and over again. It’s tough to avoid the tax system. There are currency transaction reports (cash transactions of … Continue reading →

Posted in Taxable Talk | Tagged | 1 Comment

Bozo Tax Tip #7: Honey, You Don’t Exist!

Posted on April 3, 2013 by Russ

Another repeat, but it again popped up this past weekend. It’s springtime, and that means weddings. With weddings comes changes in tax status. Your marital status on December 31st determines your marital status for the year. If you are married, … Continue reading →

Posted in Taxable Talk | Tagged | 1 Comment

Bozo Tax Tip #8: 300 Million Witnesses Can’t Be Right

Posted on April 2, 2013 by Russ

For tax bloggers like myself, Richard Hatch has been a godsend. His antics have been, well, remarkable. While he’s no longer at the top of my Bozo Tax Tips (he’s been strangely silent since his release from prison last December), … Continue reading →

Posted in Tax Evasion | Tagged , | 1 Comment

Bozo Tax Tip #9: Foreign Trusts

Posted on April 1, 2013 by Russ

By far the worst tax schemes in the view of the IRS are offshore (foreign) trusts. In fact, trusts of all sorts—domestic and foreign—are regularly abused. First, not all trusts are bad. Many trusts serve a legitimate purpose, such as … Continue reading →

Posted in Tax Evasion | Tagged | 1 Comment

Bozo Tax Tip #10: Report Income That You Didn’t Earn

Posted on March 31, 2013 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! The story you are about to read is true. … Continue reading →

Posted in Tax Preparation | Tagged , | 1 Comment

DC Circuit Upholds Injunction on Preparer Regulation

Posted on March 28, 2013 by Russ

There’s no loving for preparer regulation at the DC Circuit. In a terse three sentence order, the Court of Appeals for the District of Columbia refused to grant the IRS’s request for a stay of the court decision (Loving et. … Continue reading →

Posted in IRS | Tagged | 1 Comment

To Boldly Go Where No IRS Employee Has Gone Before…

Posted on March 24, 2013 by Russ

I’m not a huge fan of Star Trek. I may have met Wil Wheaton (Wesley Crusher on the sequel, Star Trek: The Next Generation), but I just don’t watch much television. Apparently, someone (or several someones) at the IRS are … Continue reading →

Posted in IRS | Tagged , , | 1 Comment

Annual Blog Hiatus

Posted on March 22, 2013 by Russ

With just about three weeks left before Tax Day, it’s time for our annual blog hiatus. We’ve written our annual top ten Bozo Tax Tips (they’ll start appearing on April 1st), but between now and April 15th our clients are … Continue reading →

Posted in Taxable Talk | Comments Off on Annual Blog Hiatus

Beavers Convicted: Loans Require Payback

Posted on March 21, 2013 by Russ

I’m shocked, just shocked to find out that there’s corruption in Chicago. Actually, I’m not. I’m just surprised to find out that gambling led to the downfall of a cog in the Democrats’ machine politics in the Windy City. Commissioner … Continue reading →

Posted in Illinois, Tax Evasion | Tagged | 1 Comment

When a W-2G (or Other Information Return) Is Wrong

Posted on March 20, 2013 by Russ

Let’s say you’re self-employed, and you get a 1099-MISC from a customer. He notes he paid you $1,200. However, he really paid you $900. What do you do? First, you contact the customer and attempt for him to correct the … Continue reading →

Posted in Gambling, Indiana, Iowa | Tagged , , | 7 Comments