Author Archives: Russ

Will They or Won’t They?

Posted on December 13, 2010 by Russ

I’m in Las Vegas (I have an audit here tomorrow morning), and it’s definitely a good locale given the fight over the Obama/GOP compromise on the Bush Tax Cuts. The 111th Congress has but a couple of weeks left, but … Continue reading →

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Compromise Reached on Taxes; Will It Pass Congress?

Posted on December 7, 2010 by Russ

Senate negotiators and President Obama reached an agreement on temporarily extending the Bush Tax Cuts for two years. Included with this will be two years of a $5 million estate tax exclusion with estates over this amount taxed at 35%. … Continue reading →

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Bush Tax Cuts Likely Will be Temporarily Extended

Posted on December 6, 2010 by Russ

It appears that there will be a temporary extension of the Bush Tax Cuts for two years. At least, that’s the direction Congress is moving in from news reports. While the House passed a motion to only approve an extension … Continue reading →

Posted in Legislation, Uncategorized | 1 Comment

Will Online Poker Legalization Come Out of the 111th Congress?

Posted on December 6, 2010 by Russ

The poker world is abuzz with word that Senate Majority Leader Harry Reid (D-NV) is circulating legislation that would legalize online poker in the United States. Poker newsgroups, such as 2+2, have long threads on the proposed legislation. Here’s what’s … Continue reading →

Posted in Gambling, Legislation | 1 Comment

Blade: Pennsylvania Coming Soon

Posted on December 2, 2010 by Russ

Wesley Snipes will soon be reporting to prison in Lewis Run, Pennsylvania. Mr. Snipes was ordered to report to the Federal Correctional Institution McKean by noon on December 9th. I’d expect that Mr. Snipes will be in FCI McKean’s satellite … Continue reading →

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Shaming in Income Tax for the Fourth Quarter

Posted on December 1, 2010 by Russ

Not only has the BOE updated their list, but California’s Franchise Tax Board has updated its list of the top 250 delinquent in income tax. It took just $290,965 to make this list, but leading the way are Halsey and … Continue reading →

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Shaming in Sales Tax for the Fourth Quarter

Posted on December 1, 2010 by Russ

The Board of Equalization posted its fourth quarter 2010 list of the 250 most delinquent taxpayers. The BOE collects sales and use tax in California. (Now, if you’re asking me how the fourth quarter results can be posted at the … Continue reading →

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The Light at the End of the Tunnel Is the Oncoming Train

Posted on November 30, 2010 by Russ

The headline is apropos for the 111th Congress which likely won’t act on much of the budget, the extension of the Bush Tax Cuts, or the Estate Tax before the 111th Congress mercifully fades into oblivion. It will be difficult … Continue reading →

Posted in California | 1 Comment

High Fashion or Really Big Tax Evasion?

Posted on November 29, 2010 by Russ

I’m not a fashion snob. But even I have heard of Dolce and Gabbana, the Italian fashion powerhouse. So the news that Dolce and Gabbana are accused of evading income tax on €1 Billion of income ($1.324 Billion) should be … Continue reading →

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Wesley Snipes to Appeal to Supreme Court; Wants Bail

Posted on November 29, 2010 by Russ

According to the BBC, actor Wesley Snipes has requested bail to be continued pending a further appeal of his convictions for income tax evasion. Judge William Terrell Hodges gave the Department of Justice until Tuesday to respond to Mr. Snipes’ … Continue reading →

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