Author Archives: Russ

Snipes Loses Another Appeal

Posted on September 8, 2011 by Russ

The Eleventh Circuit Court of Appeals denied Wesley Snipes’ appeal of his convictions of willfully not filing tax returns. Mr. Snipes has about 26 months left on his three-year sentence.

Posted in Tax Evasion | Tagged | Comments Off on Snipes Loses Another Appeal

Four Pinocchios to President Obama

Posted on September 8, 2011 by Russ

At a Labor Day speech in Detroit, President Obama stated, “We said working folks deserved a break, so within one month of me taking office, we signed into law the biggest middle-class tax cut in history, putting more money into … Continue reading →

Posted in Legislation | Tagged | Comments Off on Four Pinocchios to President Obama

Same Old Song and Dance

Posted on September 6, 2011 by Russ

Governor Jerry Brown would like to increase taxes. That appears to be his message to voters. Voters have rejected several income tax increases over the past few years. It’s as if no one seems to care about the voters. I … Continue reading →

Posted in Legislation | Tagged , | Comments Off on Same Old Song and Dance

Nonexistent Inspectors Lead to a Real Cell at ClubFed

Posted on September 6, 2011 by Russ

Jay Vincent was a standout player at Michigan State. He was part of the squad that featured Ervin “Magic” Johnson that won the NCAA Championship over Indiana State in 1979. Mr. Vincent played in the NBA with stops in Dallas, … Continue reading →

Posted in Scams, Tax Fraud | Tagged | Comments Off on Nonexistent Inspectors Lead to a Real Cell at ClubFed

I’m Shocked to Find that Record Tax Increases Impact Job Losses

Posted on September 1, 2011 by Russ

I hope you detected the sarcasm in the headline. The Illinois Policy Institute reports that following the record tax increase in Illinois, Illinois lost more jobs in July than any other state. There’s a wonderful chart in the article: You … Continue reading →

Posted in Illinois | Comments Off on I’m Shocked to Find that Record Tax Increases Impact Job Losses

22 Years, But at Least He’ll be Away from his Wife and Mistress

Posted on August 30, 2011 by Russ

We’ve written about Thomas Parenteau before. His trial was straight out of a cheap novel: He was accused of tax fraud and money laundering while living in a 30,000 square foot mansion with his wife and his mistress. Last year, … Continue reading →

Posted in Ohio, Tax Fraud | Comments Off on 22 Years, But at Least He’ll be Away from his Wife and Mistress

The Shipment of California Jobs to Texas — What can be Done?

Posted on August 29, 2011 by Russ

Back in April, Herman Bouma, an attorney with Buchanan Ingersoll & Rooney PC in Washington, DC, penned this prediction: May 2, 2011. This just in: Concerned about the shipment of California jobs to Texas, the California State Legislature today passed … Continue reading →

Posted in California | Tagged | Comments Off on The Shipment of California Jobs to Texas — What can be Done?

IRS Extends Offshore Voluntary Disclosure Deadline

Posted on August 26, 2011 by Russ

The IRS announced an extension of the deadline for participating in the 2011 Offshore Voluntary Disclosure Initiative due to potential issues from Hurricane Irene: Due to the potential impact of Hurricane Irene, the IRS has extended the due date for … Continue reading →

Posted in International | Tagged | Comments Off on IRS Extends Offshore Voluntary Disclosure Deadline

Today Is the Day to Prepare (Hurricane Irene)

Posted on August 25, 2011 by Russ

If you are a resident of New Jersey, New York City/Westchester County/Long Island, Connecticut, Rhode Island, or Massachusetts, you need to drop what you’re doing and get prepared for Hurricane Irene. Now. Maybe we’ll get lucky and Hurricane Irene will … Continue reading →

Posted in Connecticut, Massachusetts, New Jersey, New York, Rhode Island | Comments Off on Today Is the Day to Prepare (Hurricane Irene)

Shake, Rattle, and Irene

Posted on August 24, 2011 by Russ

I live in earthquake country. The notorious San Andreas Fault is about 55 miles away (it runs just to the north and east of San Bernardino); the Newport-Inglewood Fault (which caused the 1933 Long Beach Earthquake) is just ten miles … Continue reading →

Posted in Taxable Talk | Tagged | Comments Off on Shake, Rattle, and Irene