Author Archives: Russ

Another Week, More Tax-Related Identity Theft

Posted on September 9, 2012 by Russ

Seven citizens from Zimbabwe opened Express Refund Center in Cincinnati in 2007. The business thrived, but not for those unfortunate souls who used the service. It seems that the operators allegedly decided that stealing their customers’ identities was a lot … Continue reading →

Posted in IRS, Tax Evasion | Comments Off on Another Week, More Tax-Related Identity Theft

Partouche Poker Tour Will Honor Guarantee

Posted on September 7, 2012 by Russ

After my last post on the Partouche Poker Tour electing to ignore a published guarantee, the people in charge either decided that the horrible publicity was bad or their attorneys let them know that French law on false advertising might … Continue reading →

Posted in Gambling, International | Comments Off on Partouche Poker Tour Will Honor Guarantee

Flying 5,400 Miles and Finding an $882,000 Shortfall in a Prizepool Isn’t a Good Thing

Posted on September 5, 2012 by Russ

There’s a major poker tournament going on in France: The Partouche Poker Tournament Main Event. It had a €5 million guaranteed prize pool. Based on the actual number of entrants, the prize pool ended up being around €4.3 million. Normally … Continue reading →

Posted in Gambling, International | 2 Comments

I’m Envious

Posted on September 3, 2012 by Russ

Two stories related to one of my favorite topics appeared over the weekend. The first comes out of Michigan, where the state legislature passed a law to ban “tax zappers.” The only zappers I ever heard of were these: That’s … Continue reading →

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Joseph Pleads Guilty

Posted on September 3, 2012 by Russ

Back in May I wrote about William Joseph, the former NFL player caught in an identity theft ring that was broken through an FBI sting. Mr. Joseph pleaded guilty last week to tax fraud. Mr. Joseph’s attorney, Roderick Vereen, told … Continue reading →

Posted in Tax Fraud | Tagged | 1 Comment

Illinois Debt Downgraded

Posted on August 30, 2012 by Russ

S&P cut the rating of Illinois debt by one level yesterday. From the news story: “The downgrade reflects the state’s weak pension funding levels and lack of action on reform measures intended to improve funding levels and diminish cost pressures … Continue reading →

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Court Rules that California Can’t Discriminate on Small Business Stock Tax Deferrals

Posted on August 30, 2012 by Russ

If you sell stock in a small business (one with $50 million of assets or less), and then take the proceeds and reinvest them within 60 days in another small business, you can defer the gain. California law has a … Continue reading →

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IRS Upgrade This Weekend; Many Services Unavaiable Until Tuesday

Posted on August 29, 2012 by Russ

Every year over Labor Day weekend the IRS upgrades their computer and electrical systems. Beginning later this evening, the IRS will be taking systems down. Here’s a partial list of what will be going down: – The ability to apply … Continue reading →

Posted in IRS | 1 Comment

Math Is Hard

Posted on August 29, 2012 by Russ

Here’s a math question: What’s 15 +13? It’s 28, of course. Unfortunately, the Santa Clara Valley Water District (near San Jose, California) didn’t check their work. They added 15 years to 2013 and got 2029, not 2028. Oops. It’s a … Continue reading →

Posted in California, Legislation | Comments Off on Math Is Hard

Illinois Casino Expansion Bill Vetoed

Posted on August 28, 2012 by Russ

Governor Pat Quinn (D) vetoed a casino expansion bill that would have added five casinos, including one in Chicago. His veto message stated that the biggest problem with the bill, “[I]s the absence of strict ethical standards and comprehensive regulatory … Continue reading →

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