Author Archives: Russ

Bozo Tax Tip #5: Sales Tax is an Unnecessary Expense

Posted on April 10, 2011 by Russ

Imagine you are running a business.  Times are tough and you need to make some serious cuts in expenses to stay afloat.  Or perhaps you are just greedy.  In any case, let’s suppose you neglect to pay your payroll tax.  … Continue reading →

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Bozo Tax Tip #6: Foreign Trusts

Posted on April 10, 2011 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 →

Posted in Tax Evasion, Tax Fraud | Tagged | 1 Comment

Bozo Tax Tip #7: Nevada Corporations

Posted on April 8, 2011 by Russ

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

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Bozo Tax Tip #8: The $0.44 Solution

Posted on April 6, 2011 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 #9: Just Don’t File

Posted on April 5, 2011 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: Hot Air

Posted on April 4, 2011 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! We start off with a brand new Bozo Tax … Continue reading →

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Annual Blog Hiatus

Posted on March 28, 2011 by Russ

With just about three weeks left before Tax Day, it’s time for my annual blog hiatus. I’ve written my annual top ten Bozo Tax Tips (they’ll start appearing next week), but between now and April 15th my clients are paying … Continue reading →

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What Do South Dakota, Nebraska, Virginia, and Texas Have in Common?

Posted on March 28, 2011 by Russ

No, they’re not the home states of the schools in the NCAA Final Four. They’re the states that would like Caterpillar to relocate from Illinois. Why would Caterpillar look to leave the Land of Lincoln and fly away? Taxes and … Continue reading →

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Could You be Doing Business in California Without Knowing It?

Posted on March 28, 2011 by Russ

Let’s say your Florida-based company manufactures and sells widgets. You used to be located in California, but decided the Sunshine State was a better business location than the Bronze Golden State. You have no employees, property, or any other ties … Continue reading →

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Rappin’ Your Way to ClubFed

Posted on March 23, 2011 by Russ

Of course, not only are there Bozo tax professionals, there are Bozos in all professions–especially the arts. Ja Rule is a famous rapper (well, famous in the world of rap). He also followed the tax practice that income after tax … Continue reading →

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