Author Archives: Russ

Bozo Tax Tip #2: Use a Bozo Accountant

Posted on April 12, 2012 by Russ

Here’s another Bozo Tax Tip that keeps coming around. The problem is, the Bozos don’t change their stripes. In any case, here are some signs your accountant might be a Bozo: – He’s never met a deduction that doesn’t fit … Continue reading →

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Bozo Tax Tip #3: Procrastinate!

Posted on April 11, 2012 by Russ

Today is April 11th. The tax deadline is just four days away. Well, six, actually, since April 15th is a Sunday and April 16th is a holiday in the District of Columbia. What happens if you wake up and it’s … Continue reading →

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Bozo Tax Tip #4: Foreign Trusts

Posted on April 9, 2012 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 →

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Bozo Tax Tip #5: 300 Million Witnesses Can’t be Right

Posted on April 8, 2012 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 →

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California Property Tax Payments Due

Posted on April 8, 2012 by Russ

The second half of California property tax payments are due on Tuesday, April 10th. That’s a postmark deadline (US postmarks only). Your local assessor may also accept online payments, but it is time for you to make those property tax … Continue reading →

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Bozo Tax Tip #6: Nevada Corporations

Posted on April 5, 2012 by Russ

A repeat for the fifth year follows, but it’s one again getting a lot of play due to business conditions in California. While I’m focusing on California and Nevada, the principle applies to any pair of states. Nevada is doing … Continue reading →

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Bozo Tax Tip #7: The $0.45 Solution

Posted on April 4, 2012 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 #8: Honey, You Don’t Exist!

Posted on April 3, 2012 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 →

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Bozo Tax Tip #9: Just Don’t File

Posted on April 2, 2012 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 →

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Bozo Tax Tip #10: We Don’t Need No Stinkin’ Employees (Especially Because We’re Lawyers)

Posted on April 1, 2012 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! From Joe Kristan of Roth Tax Updates I first … Continue reading →

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