Author Archives: Russ

Miccosukees Definitely in the Running for Tax Offender of the Year

Posted on May 22, 2012 by Russ

When I last reported on the Miccosukees (a South Florida Indian tribe that runs a casino), the tribe decided to apparently ignore the advice of their then-attorney and not withhold taxes on earnings of their members. They now have been … Continue reading →

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Strip Club Tax Proposed in California; Unlikely to Become Law

Posted on May 22, 2012 by Russ

There’s now a proposal in California to tax strip clubs. The revenue that would be raised by the tax, proposed at $10 per patron, would go to rape crisis centers in the state. However, because this is a tax it … Continue reading →

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There’s Good Nostalgia and Bad Nostalgia

Posted on May 22, 2012 by Russ

Nifty Fifty’s is a nostalgia-themed chain of restaurants in the Philadelphia area. The chain is apparently successful, having won ten “Best in Philly” awards from readers of a Philadelphia newspaper. While the food is themed from the 1950s, the owners … Continue reading →

Posted in Tax Evasion | 2 Comments

An Incorrect 1099-C Leads to Tax Court

Posted on May 21, 2012 by Russ

A taxpayer receives a notice of canceled debt income (Form 1099-C). He disputes the notice, stating that instead of the debt being canceled in 2008, the debt went away years earlier — 1996. The IRS says the notice says you … Continue reading →

Posted in IRS, Tax Court | 1 Comment

Beware: Lots of Incorrect IRS Notices

Posted on May 21, 2012 by Russ

A client of mine received a CP2000 notice from the IRS alleging that the taxpayer owes nearly $7,000. The IRS states that several stock transactions were not included on the return. My client calls me, I calm him down, and … Continue reading →

Posted in IRS | Tagged | 1 Comment

CPA Allegedly Practices Theft of Funds

Posted on May 20, 2012 by Russ

A few years ago, there was a tax blog called April15.com. The proprietor, William Murray, was a CPA in Sacramento. He had a “trust accounting” system. Payments were sent to him, and he supposedly forwarded those payments on. It was … Continue reading →

Posted in South Carolina, Tax Evasion | 1 Comment

I’m Shocked! A Strip Club Owner Is “Appalled” by Proposed Strip Club Tax

Posted on May 20, 2012 by Russ

Illinois is debating a tax on strip clubs. I’m shocked, just shocked to find that Al Zuccarini, owner of Big Al’s in Peoria (an adult entertainment facility–a strip club) opposes a proposed tax on strip clubs. First, we honor Mr. … Continue reading →

Posted in Illinois | 1 Comment

Alabama Adds Tax Appeals Commission

Posted on May 20, 2012 by Russ

In what appears to be a case of everyone being happy, the Alabama legislature with near unanimity (just one ‘no’ vote in both houses of the legislature) approved the new Alabama Tax Appeals Commission. The measure still must be signed … Continue reading →

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Budgeting, California Style

Posted on May 20, 2012 by Russ

The news came out this week from California’s non-partisan Legislative Analyst that the budget deficit in the Bronze Golden State is now $17 billion, up from $15.7 billion (and the $9 billion it was noted as just a couple of … Continue reading →

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On the Road Again

Posted on May 11, 2012 by Russ

I will be traveling this week, so posting will be light to non-existent until next weekend.

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