Author Archives: Russ

Bozo Preparer Gets Four Years

Posted on September 21, 2010 by Russ

When I last reported on this story, I noted that Gayle McIntyre only received 54 years the previous time she committed tax fraud. Luckily for her, that sentence was suspended. She didn’t learn from the past. In January she was … Continue reading →

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It Depends on the Meaning of the Word “Is” Is

Posted on September 20, 2010 by Russ

I’m sure many of you remember this humorous interlude during the presidency of Bill Clinton: Why do I bring this up? Because it goes to the heart of a question asked by fellow tax blogger Robert Flach. Mr. Flach, who … Continue reading →

Posted in IRS | Tagged | 1 Comment

Sugar, Sugar

Posted on September 19, 2010 by Russ

When I think of sugar, I think of the sweetener you put into a cup of coffee. Or perhaps this song: But this is a tax blog, so we’re going to deal with something different…something very different. The Sugar House … Continue reading →

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One From the Police Blotter

Posted on September 19, 2010 by Russ

A rather obvious case of Bozo behavior showed up this past week. Let’s head to Newark, New Jersey. Leslie Wofford was a police communications officer with the Newark Police Department. Back in 2004 Officer Wofford wanted to increase her take-home … Continue reading →

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Another Reason Not to be a Philadelphia Business

Posted on September 15, 2010 by Russ

I don’t think highly of California’s business climate. Still, things could be worse: I could be in Philadelphia. The City of Brotherly Love has sunk to a new low. After going after penny-ante bloggers the city’s Revenue Department has been … Continue reading →

Posted in Pennsylvania | Tagged | 1 Comment

“Hello, students. I defrauded the government.”

Posted on September 13, 2010 by Russ

Back in 2009, the Department of Justice indicted Jeff Greenstein and Charles Wilk, the former CEO and attorney for Quellos Group, LLC. The DOJ accused the pair of masterminding a tax scheme that turned capital gains into, well, dust. The … Continue reading →

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New Math

Posted on September 8, 2010 by Russ

Hooray for new math, New-hoo-hoo-math, It won’t do you a bit of good to review math. It’s so simple, So very simple, That only a child can do it! –Tom Lehrer, “New Math” That’s what I think of President Obama’s … Continue reading →

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3% or 48%?

Posted on September 7, 2010 by Russ

What will the impact be of the elimination of the Bush Tax Cuts? Proponents of eliminating the cuts note that only 3% of small business owners will be impacted. Well, that’s true…but it’s anything but the whole story. As Joe … Continue reading →

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Horse Racing About to be an Even Worse Bet in California

Posted on September 7, 2010 by Russ

I don’t think that I’m revealing a secret when I tell you that most gamblers lose. The casinos in Las Vegas and elsewhere weren’t built by having more people win than lose. The horse racing industry has struggled in recent … Continue reading →

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10 Months for Bozo Math

Posted on September 7, 2010 by Russ

Back in May I wrote about Sung Ho Choi. Mr. Choi was in the process of selling his business, AJ’s Green Dry Cleaners and Laundromat. He happened to show a prospective buyer the computerized sales records. Unfortunately for Mr. Choi, … Continue reading →

Posted in Tax Evasion | 1 Comment