Author Archives: Russ

Paul Hogan Cleared of Criminal Tax Evasion

The Australian Crime Commission announced last week that actor Paul Hogan (star of Crocodile Dundee) has been cleared of tax evasion charges. The ACC stated, On the material presently available to the ACC, including documents recently obtained as a result … Continue reading

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Expect an AMT Patch…Eventually

The 111th Congress will likely be remembered in history books for profligate spending and going against voters’ wishes. Sure, some of President Obama’s agenda was enacted (such as Obamacare), but most of it wasn’t wanted by voters. The public responded … Continue reading

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Rasmussen College Spotlights Tax and Accoungting Blogs (Including Us)

Rasmussen College, with campuses in the upper Midwest and Florida, decided to spotlight twenty blogs for accounting students. Some of the blogs you’ll recognize: The TaxProf Blog and Don’t Mess With Taxes are two of the other tax blogs that … Continue reading

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Denver “High-End” Madam Indicted on Tax Evasion Charges

Somehow tax evasion goes hand-in-hand with strip clubs and escort services. And if the government is correct in its allegations, a Denver madam will soon have plenty of time at ClubFed to reflect on this. Brenda Stewart apparently owned Denver … Continue reading

Posted in Colorado, Tax Evasion | Tagged | 1 Comment

Selling Software to Cheat the Government Out of Strip Clubs’ Taxes Isn’t a Bright Idea

It’s one thing to sell accounting software such as QuickBooks. That product, when used properly, helps companies accurately report their income. Theodore Kramer sold a very different software product. His Journal Sales Remover made income magically vanish from a company’s … Continue reading

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Snipes Heading to ClubFed

This evening as I was changing channels I briefly saw an infomercial hosted by Wesley Snipes. Well, Mr. Snipes doesn’t actually appear in the commercial. But in the new television show, Wesley Snipes spends three years at ClubFed, Mr. Snipes … Continue reading

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Helping Boss, Wife, and His Mistress Leads to ClubFed, Not a Cheap Novel

Dennis Sartain used to be the typical accountant. He worked for Thomas Parenteau, a Columbus, Ohio homebuilder. Of course, Mr. Parenteau was found guilty of 11 counts of tax evasion and related charges, and that’s not typical. And as I … Continue reading

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Does California Have Some of Your Money?

California used to be rather infamous about how quick it would seize unclaimed property. While the speed of seizing the funds has slowed down, there’s still millions and millions of dollars in Sacramento that belong to you. If you’ve ever … Continue reading

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IRSAC Issues 2010 Recommendations; Will Sanity In FBARs Advance?

The Internal Revenue Service Advisory Council (IRSAC) issued their 2010 report. The report includes 23 recommendations to the IRS (and Congress, I suppose). The entire report is worth perusing. I’m going to focus on just one item of the 23 … Continue reading

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If Anyone Wonders Why the Economy Isn’t Adding Jobs

First, there’s the news that a deal to extend the Bush Tax Cuts is unlikely to pass Congress before year-end. I expected that (this Congress hasn’t shown any ability to pass anything useful). While both Democrats and Republicans have publicly … Continue reading

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