Author Archives: Russ

We Won’t Have Jim Traficant to Kick Around

Well, Election Day has come and gone. Congressional races generally went to Republicans, and the GOP will be the majority party in the House next January. That means that John Boehner of Ohio will be the next Speaker. Mr. Boehner … Continue reading

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You Will eFile in New York

I have a few clients in New York (about 20). I have one client who strongly dislikes efiling. It appears he won’t have a choice for his 2010 tax return if I prepare his return. New York has implemented mandatory … Continue reading

Posted in New York | 7 Comments

Taxes Are For The Other Party

The Democratic National Committee has a private club (the National Democratic Club) in Washington, DC. I guess that’s not surprising–with so many politicians in Washington, a club makes sense. But even political parties (and their clubs) must pay their taxes. … Continue reading

Posted in Property Taxes | 1 Comment

Proposition 26: Fees Require 2/3 Vote

Proposition 26 on the California ballot would require many state and local fees to be approved by a 2/3 vote. Proponents of the measure argue that there are numerous hidden fees (taxes, in their view) that have been approved by … Continue reading

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Proposition 25: Majority Budget Instead of 2/3 Vote

Current law requires California to have a two-thirds vote in order to pass a budget. Proposition 25 would eliminate the two-thirds requirement and would allow the budget to be approved by a simple majority vote. Wow, it seems fair to … Continue reading

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Proposition 24: Business NOLs and Multi-State Taxes

Proposition 24 on the California ballot would eliminate the ability of businesses to take Net Operating Losses (NOLs) as federal tax law allows. Additionally, the measure would continue the usage of a three-factor system for taxation of multi-state entities by … Continue reading

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Proposition 23: Suspension of AB32 (Global Warming Tax)

Back in 2006, the California legislature passed AB32. This measure, which was signed by Governor Schwarzenegger, allows the state to regulate greenhouse gases such as carbon dioxide (CO2). The goal of AB32 is to reduce such gas emissions by 2020. … Continue reading

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We’re Number Two!

Congratulations, California! You have the second worst business climate in the country! Earlier today the Tax Foundation released its 2011 report on the Business Tax Climate Index. Here are the ten worst states: 50. New York 49. California 48. New … Continue reading

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Amazon 1, North Carolina 0

Back in April I reported on Amazon.com’s petition for declaratory relief from North Carolina; the North Carolina Department of Revenue requested information on every purchase of goods since 2005 in the Tar Heel State. And that request was rather inclusive: … Continue reading

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Proposition 22: Transportation Funding

Proposition 22 on the California ballot would prohibit the raiding of transportation funding for anything. The measure, if approved, would stop the practice of the legislature of using transportation funds (including the gasoline tax) to fund anything and everything else. … Continue reading

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