Author Archives: Russ

Eight Days a Month Not Enough

Posted on September 15, 2011 by Russ

As I’ve said in the past, there are several states where being an amateur gambler is not a great thing. Wisconsin is one of those states. Yet another amateur gambler found that out the hard way. Carol Kubsch reported $473,075 … Continue reading →

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Tax Increase to Pay for Tax Cuts? Yeah, That’s Gonna Fly…

Posted on September 14, 2011 by Russ

President Obama released his jobs bill on Monday. You needn’t read it; it has no chance of passing the House. Back in July, President Obama stated he’s all for compromising. Either way, I’ve told leaders of both parties that they … Continue reading →

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2010 Estate Tax Returns Now Due Later

Posted on September 14, 2011 by Russ

As I continue to wait for the IRS to release Form 8939, the IRS continues to postpone deadlines: WASHINGTON — The Internal Revenue Service announced today that large estates of people who died in 2010 will have until early next … Continue reading →

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Dear John, er, California

Posted on September 12, 2011 by Russ

Back when California passed the Amazon tax, I noted: Additionally, it’s likely that large affiliates may relocate out of California to another state so that they can maintain their status. That will exacerbate the hit to California. Well, while the … Continue reading →

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The TaxSlayer.com Bowl?

Posted on September 11, 2011 by Russ

I enjoy college football. Today, my school won a thrilling game in overtime. Way back when, there were only a few college bowl games. And their names were simple: Rose, Sugar, Cotton, and Orange. The second tier games also had … Continue reading →

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California Collections Improve in August

Posted on September 11, 2011 by Russ

California revenues slightly surpassed budgeted amounts in August. Revenues were ahead of plan by $134.9 million. For the 2011-2012 fiscal year, revenues remain $403.8 million below estimates. The good news, though is just slight. The budget counted on $4 billion … Continue reading →

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Amazon and California Legislators Strike a Deal

Posted on September 8, 2011 by Russ

Yesterday, Amazon.com and key California legislative leaders of both parties struck a deal. Assuming this deal passes the state legislature and is signed by Governor Brown, Amazon.com will begin collecting sales tax in California on September 12, 2012. However, if … Continue reading →

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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.

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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 →

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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 →

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