Author Archives: Russ

Another Nominee for Tax Offender of the Year!

Posted on June 16, 2010 by Russ

In January I reported on Bozo tax protesters Tony & Micaela Dutson. Back then it was alleged that the Dutsons “tried to obstruct the IRS by filing baseless liens against four IRS workers.” Additionally, the Dutsons allegedly filed a lawsuit … Continue reading →

Posted in Tax Fraud | 1 Comment

Las Vegas Looks to SoCal…Again

Posted on June 15, 2010 by Russ

The Nevada Development Authority is once again looking to move businesses in Southern California to Las Vegas. A series of new advertisements will feature talking primates; here’s one of the ads: Personally, I liked the lipstick pig advertisements better. No … Continue reading →

Posted in Nevada | Comments Off on Las Vegas Looks to SoCal…Again

One Good Fraud Deserves Some Evasion

Posted on June 13, 2010 by Russ

My mother has always told me that for real estate the most important thing is location, location, and location. For the Bozo tax crooks out there, location definitely matters. Of course, when you sell real estate you do need to … Continue reading →

Posted in Tax Evasion | Comments Off on One Good Fraud Deserves Some Evasion

Only in Government Can the Lender and Borrower be the Same

Posted on June 13, 2010 by Russ

When I read this, I did a double take. From the New York Times: Gov. David A. Paterson and legislative leaders have tentatively agreed to allow the state and municipalities to borrow nearly $6 billion to help them make their … Continue reading →

Posted in New York | Tagged | Comments Off on Only in Government Can the Lender and Borrower be the Same

Mandatory IRS eFiling Is Coming

Posted on June 9, 2010 by Russ

If you’re a tax preparer, get ready to efile. Mandatory efiling is coming to the IRS. For the 2010 tax year (the next tax season, in 2011), if you prepare 100 or more returns you must efile; for the 2011 … Continue reading →

Posted in IRS | 1 Comment

Taxes and Online Gambling: General Presentation on June 15th

Posted on June 8, 2010 by Russ

I’ll be presenting a one-hour continuing education talk on Taxes and Online Gambling at the monthly meeting of the Orange County Chapter of the California Society of Enrolled Agents next Tuesday, June 15th. If you’re near the Phoenix Club (1340 … Continue reading →

Posted in Gambling, Taxable Talk | Tagged | Comments Off on Taxes and Online Gambling: General Presentation on June 15th

2011 Doesn’t Look Bright

Posted on June 8, 2010 by Russ

Arthur Laffer, the noted economist, penned an op-ed in the Wall Street Journal. An excerpt: But at the tax boundary of Jan. 1, 1983 the economy took off like a rocket, with average real growth reaching 7.5% in 1983 and … Continue reading →

Posted in IRS, Legislation | Comments Off on 2011 Doesn’t Look Bright

Election Day

Posted on June 8, 2010 by Russ

Today is primary election day in California, Nevada, and Arkansas. While Californians don’t have many tax-related propositions to vote on today, there are numerous individuals running for office in the primary: Every state Assemblyman, half of the State Senate, one … Continue reading →

Posted in California | Comments Off on Election Day

The Sky Is Not Falling (Yet)

Posted on June 2, 2010 by Russ

For online gamblers, yesterday was the day that banking regulations relating to the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 went into effect. The legislation itself passed in 2006 (it was attached to the Safe Ports Act). Kay Bell … Continue reading →

Posted in Gambling | Tagged | Comments Off on The Sky Is Not Falling (Yet)

Your Tax Return May Cost More

Posted on June 1, 2010 by Russ

Something that all economists know is that all tax increases on businesses are passed on to consumers. All of them. There is no such thing as a free lunch. The Tax Extenders Bill, HR 4213, would impose a new tax … Continue reading →

Posted in Legislation | Comments Off on Your Tax Return May Cost More