Author Archives: Russ

Straight From the Pages of a Cheap Novel

Posted on May 23, 2010 by Russ

Take one man, his wife, and his mistress, throw in a 30,000 square foot mansion, add a dose of federal charges (bank and wire fraud, tax conspiracy, money laundering, witness tampering, and obstruction of justice) and you get the latest … Continue reading →

Posted in Ohio, Tax Evasion | Tagged | 1 Comment

Monaco or Denmark: A 16 Million Kroner Difference

Posted on May 23, 2010 by Russ

People do relocate because of taxes. I’ve represented individuals during residency audits, and when they really have relocated they’re fairly simple. However, when the individual has relocated in name only, it’s quite another story. Such is apparently the case for … Continue reading →

Posted in Tax Evasion | Comments Off on Monaco or Denmark: A 16 Million Kroner Difference

If You Fail Twice, The Third Time Isn’t the Charm

Posted on May 18, 2010 by Russ

Some people just don’t have good luck. Charlie Brown kept trying to hit that pitch…but just kept striking out. So it goes for an unlucky couple from California. The wife gets seriously injured when she’s truck by a shopping cart. … Continue reading →

Posted in Tax Court | Comments Off on If You Fail Twice, The Third Time Isn’t the Charm

Poker Player Blames His Accountant for His Tax Troubles

Posted on May 16, 2010 by Russ

Michael “The Grinder” Mizrachi is a well known tournament poker player. The Florida resident has nearly $7 million in career earnings. He also has tax troubles. Mr. Mizrachi had a nearly $340,000 tax lien slapped on him. A condominium he … Continue reading →

Posted in Gambling | Comments Off on Poker Player Blames His Accountant for His Tax Troubles

Leggoland, Tae Bo and Tax Evasion

Posted on May 16, 2010 by Russ

Salinas Valley Engineering used to be a successful company dealing in agricultural equipment. Curtis Parry was the sole stockholder from 1977 to 2003. And then trouble came. Mr. Parry wanted to increase his income without paying taxes. So beginning in … Continue reading →

Posted in Tax Evasion | Comments Off on Leggoland, Tae Bo and Tax Evasion

The Abyss Beckons

Posted on May 16, 2010 by Russ

The immovable object and the unstoppable force need to get ready: California’s annual budget woes are heating up. The Bronze Golden State is facing a $19 billion deficit, and Governor Schwarzenegger has proposed a new budget that has no chance … Continue reading →

Posted in California | Tagged | Comments Off on The Abyss Beckons

Traficant Running

Posted on May 13, 2010 by Russ

My friend Scott reminded me that I should let everyone know that Jim Traficant has thrown his hat in the ring. He’s running as an independent in Ohio’s 17th Congressional District. Tim Ryan, a Democrat, currently is the Congressman in … Continue reading →

Posted in Ohio | Comments Off on Traficant Running

Forgetting the “Charitable” In Charitable Poker Leads to Trouble

Posted on May 13, 2010 by Russ

Stanley Combs allegedly had a nice little business in West Carollton, Ohio. He owned and operated a Fraternal Order of Orioles lodge. But it appears the side business he supposedly ran was the real money maker. He ran poker tournaments. … Continue reading →

Posted in Gambling, Tax Evasion | Comments Off on Forgetting the “Charitable” In Charitable Poker Leads to Trouble

Selling W-2s

Posted on May 13, 2010 by Russ

At year-end, most of us get a W-2 showing our wages earned. Most of us don’t purchase a W-2. There’s a good reason for that: Our employers complete it and send it to us (with a copy to the IRS). … Continue reading →

Posted in Tax Evasion | Comments Off on Selling W-2s

SuperSeminar Time

Posted on May 6, 2010 by Russ

I’m heading to the annual CSEA SuperSeminar. Posting will be light to non-existent until next Thursday, May 13th.

Posted in Taxable Talk | Comments Off on SuperSeminar Time