Author Archives: Russ

An Early Nominee for Tax Offender of the Year

It’s only January, and we already have a truly Bozo story to report. We start with a gentleman named “P.M.” who prepared a fraudulent tax return. P.M. apparently prepared the return for the girlfriend of one Orlando Nunn. Mr. Nunn … Continue reading

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Schwarzenegger Versus the Unions

Governor Schwarzenegger is taking on unions with his final budget. Steve Maviglio, a Democratic strategist, told the Los Angeles Times, “It’s a continuing jihad against organized labor. The governor thinks public employee unions are Enemy No. 1.” So what does … Continue reading

Posted in California | Tagged | 1 Comment

Troubles in the Land of Lincoln

I’m a native of Illinois, and most of my relatives still reside there. Unfortunately, the home of the Cubs is having a multitude of tax troubles. First, unemployment in the state is now over 11 percent (11.1% to be exact). … Continue reading

Posted in Illinois | 1 Comment

Donations to Haiti Relief Via Online Gambling Websites

I’ve received quite a few inquiries asking about making a donation to Haiti earthquake relief via an online gambling website. Here’s the latest: An online poker site is saying that if I transfer funds to a specific account, they’ll use … Continue reading

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Government 2, Democrat 0, Republican 0

Roger Corbin was a founding member of the Nassau County (Long Island, New York) Legislature. He was arrested last year and accused of filing false federal tax returns and lying to agents of the FBI and IRS. He allegedly received … Continue reading

Posted in New Jersey, New York, Tax Evasion | 1 Comment

Are Registered Warrants (IOUs) in California’s Future…Again?

California’s Controller, John Chiang, called California’s cash situation “precarious.” Mr. Chiang called on the legislature and Governor Schwarzenegger to act on the $9 billion of budget cuts by March. The alternative is that California will run out of cash. If … Continue reading

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Why Is Iowa Looking at Allowing Major Poker Tournaments?

Iowa House Majority Leader Kevin McCarthy (D-Des Moines) is proposing legislation to allow large poker tournaments in ballrooms at the state’s 17 licensed casinos. Given my vocation and avocation I’m always happy to see an expansion of poker in the … Continue reading

Posted in Gambling, Iowa | 1 Comment

A Hole in 365

Golfer Jim Thorpe was sentenced last week to one year at ClubFed. As we reported last year, Mr. Thorpe pleaded guilty to two counts of tax evasion. Mr. Thorpe has agreed to make complete restitution to the IRS of the … Continue reading

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Payroll Tax Companies & Registration of Tax Professionals

The IRS came out with a FAQ on the new regulations of tax professionals. Among the nuggets on the FAQ is that payroll tax companies will have to register (though they may not have to take the competency exam) and … Continue reading

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New York: $1 Billion in New Taxes Proposed

The headline says it all: Yet another politician who doesn’t understand what voters want. New York governor David Paterson (D) proposed a $134 billion budget that contains $1 billion in new taxes: A $1 increase in the cigarette tax to … Continue reading

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