Author Archives: Russ

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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Things Have Changed Just a Bit Since 1943

Posted on March 28, 2012 by Russ

Back in 1943, Walt Disney released this short for the war effort. Back in 1943, it was the income tax to sink the Axis. Just five years later, Rex Stout wrote, A man condemning the income tax because of the … Continue reading →

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Annual Blog Hiatus

Posted on March 26, 2012 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 next week), but between now and April 17th our clients are paying … Continue reading →

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Last Mailbag Prior to Tax Day, With an Emphasis on Being Abroad

Posted on March 25, 2012 by Russ

We get more mail: I was thinking of taking a trip to Belize in mid-April to fish. My accountant told me that if I’m out of the country on April 17th, I get a two-month extension on my taxes and … Continue reading →

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Politics First, Solving Problems Second: Dems to Schedule Vote on “Buffet Rule” for April 15th

Posted on March 25, 2012 by Russ

Today on CBS’s Face the Nation, Senator Chuck Schumer (D-NY) said that Democrats will schedule a vote on the “Buffet Rule” for April 15th. The so-called Buffet rule would raise income tax rates on anyone making $1 million or more … Continue reading →

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On Wednesday the Rabbi Will Go to ClubFed

Posted on March 19, 2012 by Russ

I’ve reported on Spinka before. The Grand Rabbi of Spinka, Naftali Tzi Weisz, was jailed for two years for his part in a charitable donation (but not really charitable donation) tax fraud scheme. Apparently, there’s more to investigate. A Grand … Continue reading →

Posted in Tax Fraud | Tagged | 1 Comment

Another One Bites the Dust

Posted on March 19, 2012 by Russ

Yet another late night infomercial house has fallen into trouble. As Janet Novack on Forbes reported, “Owe The IRS? TaxMasters Bankruptcy Shows Why Not To Get Help From TV Pitchmen.” TaxMasters, like all of the late night infomercial firms, says … Continue reading →

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