Author Archives: Russ

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

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

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Blade: Pennsylvania Coming Soon

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

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

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

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

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High Fashion or Really Big Tax Evasion?

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

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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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

Posted in Legislation | 1 Comment

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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