Author Archives: Russ

Bozo Tax Tip #4: Procrastinate!

Posted on April 11, 2023 by Russ

Today is April 11th. The tax deadline is just seven days away. What happens if you wake up and it’s April 18, 2023, 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 #5: Publicize Your Tax Crimes on Social Media!

Posted on April 10, 2023 by Russ

Social media is really, really big these days. You can follow me on Twitter. I may even update my Facebook page one of these days. Of course, I’m not a tax criminal, and my posts hopefully add knowledge for others. … Continue reading →

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Bozo Tax Tip #6: The $0.63 Solution

Posted on April 7, 2023 by Russ

With Tax Day fast approaching it’s time to examine yet another Bozo method of courting disaster. And it doesn’t, on the surface, seem to be a Bozo method. After all, this organization has the motto, Neither rain nor snow nor … Continue reading →

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Bozo Tax Tip #7: Withhold, but Don’t Remit, Your Employment Taxes!

Posted on April 6, 2023 by Russ

This Bozo Tax Tip—and do remember, these are things you really, really, really shouldn’t try—is aimed at the business owner who is having troubles. Business owners, unlike the federal government, can’t just print money. So let’s assume our hypothetical business … Continue reading →

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Bozo Tax Tip #8: Use a Foreign Trust to Avoid Taxes!

Posted on April 5, 2023 by Russ

One of 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 →

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Bozo Tax Tip #9: Nevada Corporations or LLCs

Posted on April 4, 2023 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 3, 2023 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 tenth year in … Continue reading →

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No Foolin’: New York State Not Conforming to IRS Extension for Blizzard Disaster Zones

Posted on April 1, 2023 by Russ

The New York State Department of Taxation and Finance decided not to extend taxpayers impacted by the December blizzards to May 15th; impacted taxpayers still must either file their tax returns by April 18th or file a valid extension (meaning … Continue reading →

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Mississippi Counties Impacted by Tornadoes Have Until July 31st to File

Posted on March 28, 2023 by Russ

The IRS announced this morning that four Mississippi counties impacted by tornadoes have until July 31st to file.  The extension, for Carroll, Humphreys, Monroe, and Sharkey counties, covers all tax forms and estimated tax payments due between now and July … Continue reading →

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Certain New York Storm Victims Get an Extra Month to File with the IRS

Posted on March 24, 2023 by Russ

The IRS announced today that individuals (and businesses) in five New York counties have an extra month (to May 15th) to file and pay tax returns; this relates to the winter storm that hit between December 23rd and December 28th.  … Continue reading →

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