Author Archives: Russ

Only $16,788 Per Phony Child

Posted on December 6, 2011 by Russ

The saga of the woman who did not give birth to nondecuplets is complete. Via Joe Kristan comes word that Norma Coronel made a plea deal and was ordered to repay the IRS $302,186. Though the linked story states she … Continue reading →

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California Has Lost Over 720,000 Taxpayers & $48 Billion of AGI From US Migration From 1993-2008

Posted on December 6, 2011 by Russ

My move to the Silver State has gotten some comments from two other tax bloggers, Joe Kristan (Roth Tax Updates) and Paul Caron (TaxProf Blog). In the TaxProf Blog post, there’s a link to statistics on migration from within the … Continue reading →

Posted in California | 1 Comment

When Silver Is Better than Gold

Posted on December 2, 2011 by Russ

Today’s closing price for silver is $32.72 an ounce. Meanwhile, Gold is $1,749.35 an ounce. So how can silver be better than gold? If you’ve been a reader of this blog, you’ve seen me write numerous times about California’s tax … Continue reading →

Posted in California, Nevada, Taxable Talk | 12 Comments

Real Housewife Tax Cheats in my Backyard

Posted on December 2, 2011 by Russ

I’m a resident of Orange County (well, if you read the next post I write…), and I missed the Real Housewife Tax Cheats in Orange County. Luckily, Joe Kristan caught it. The Orange County Premium Fraud Task Force, a collaboration … Continue reading →

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Illinois Couples in Civil Unions Will File Married Returns in 2011

Posted on December 1, 2011 by Russ

Illinois couple who are in civil unions will file married returns for 2011. They will, for state tax purposes only, file either married filing jointly or married filing separately. Note that they will still file single returns for their federal … Continue reading →

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California Ranks High Again…And That’s Not a Good Thing

Posted on December 1, 2011 by Russ

Another survey of business, and another set of results that’s anything but golden for California. Claremont McKenna College’s Rose Institute of State & Local Government today released the 17th annual Kosmont-Rose Institute Cost of Doing Business Survey. The Rose Institute, … Continue reading →

Posted in California | Tagged | 1 Comment

If You Fail Four Times, the Fifth Time Won’t be the Charm

Posted on November 23, 2011 by Russ

As I’ve said, there is an income tax and you do need to pay it. Today’s petitioner in Tax Court didn’t like that idea and filed case after case in Tax Court citing frivolous arguments. In 2006, the petitioner received … Continue reading →

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Paranomastically, Ecdysiasts Engaging in Deciduous Calisthenics (And Some Basis, too)

Posted on November 23, 2011 by Russ

I need to thank Judge Mark Holmes of the Tax Court. Judge Holmes wrote an opinion today that is wonderful and has expanded my vocabulary. It’s also a great case. Robert Willson bought a bar in Des Moines, Iowa. His … Continue reading →

Posted in IRS, Tax Court | Tagged | Comments Off on Paranomastically, Ecdysiasts Engaging in Deciduous Calisthenics (And Some Basis, too)

Dearest Commissioner Shulman…

Posted on November 21, 2011 by Russ

I prepare a lot of Schedule C (sole proprietor) returns. That comes with the nature of my practice: I have a lot of professional gamblers as clients, and they file Schedule C. The IRS knows that there are unscrupulous tax … Continue reading →

Posted in IRS | Tagged | 1 Comment

South Dakota to Southern Californians: We’re Business Friendly

Posted on November 21, 2011 by Russ

An interesting story out of the San Jose Mercury-News: The governor of South Dakota, Dennis Daugaard, will make a recruiting trip to Southern California to recruit businesses to relocate. The article notes the advantages of South Dakota in taxes and … Continue reading →

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