Author Archives: Russ

William Murray Follow-Up

Posted on December 26, 2010 by Russ

For those of you who may remember, just about one year ago I wrote about William Murray. Mr. Murray was the proprietor of a tax blog called April15.com. He was a CPA in Sacramento who had a large practice. He … Continue reading →

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Three Extra Days: Federal Tax Day Will be April 18, 2011

Posted on December 25, 2010 by Russ

When Congress wrote the law giving the deadline for taxes, they stated that it would be the 15th day of the fourth month following year-end, unless that day is a holiday in the District of Columbia. Back when that law … Continue reading →

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Many Tax Returns Won’t be Able to be Filed Until Late February

Posted on December 25, 2010 by Russ

Do you itemize your deductions? Do you take the Tuition and Fees Deduction? If you take those are several other deductions and credits you will not be able to file your tax return until mid to late February. Why? Because … Continue reading →

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Raising Taxes Can be Hazardous to Being Mayor

Posted on December 24, 2010 by Russ

The City of Miami has had financial difficulties, and faced a large budget deficit. The economy in South Florida isn’t doing well, so raising taxes would be a last resort, right? Of course not–it’s the first choice. Mayor Carlos Alvarez … Continue reading →

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No Tranquility Here

Posted on December 21, 2010 by Russ

On a rainy night here in Irvine (but a happy night for Chicago Bears fans) I’m quite tranquil. However, somehow I missed a news story last week which is anything but tranquil. John Gauruder of Trementon, Utah was a chiropractor. … Continue reading →

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Quellos Figure Gives Lecture; It Was a “House of Cards”

Posted on December 20, 2010 by Russ

There’s a rule that I’ve stated over and over in this blog: If it sounds too good to be true, it probably is. If you hear of an investment that pays 30% when the typical investment is paying 3%, there’s … Continue reading →

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Nominations Due for 2010 Tax Offender of the Year

Posted on December 17, 2010 by Russ

It’s time once more for nominations for the Tax Offender of the Year. To be considered for the Tax Offender of the Year award, the individual must do more than cheat on his or her taxes. It has to be … Continue reading →

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Tax Bill Passes: What This Means for You

Posted on December 17, 2010 by Russ

After huffing and puffing and bloviating some more, Congress passed the compromise measure extending the Bush Tax Cuts for two years. It will be signed by President Obama in the next few days. Here’s what’s in and out and what … Continue reading →

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Just What You Need for the Holidays: The Wesley Snipes Jail Breaker App

Posted on December 15, 2010 by Russ

The world of cellphones has changed markedly over the past 20 years. I remember my first cellphone: It was a carphone, and it must have weighed 15 pounds. The service on it wasn’t that great, but it was a necessary … Continue reading →

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What Next for California?

Posted on December 13, 2010 by Russ

Jerry Brown will soon (again) be California’s governor. When he became governor in the 1970s, California was in excellent financial shape. When Jerry Brown becomes governor again on January 3rd, California will face something like a $25 to $30 billion … Continue reading →

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