Author Archives: Russ

Witholding But Not Remitting Leads to ClubFed

If there’s been a recurrent theme in this blog, one has been if you don’t pay your Trust Fund taxes you will get in trouble. Such trouble hit Michelle Bielaski of Bellevue, Washington. Ms. Bielaski’s company, Falcon Construction, Inc., paid … Continue reading

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His Campaign Slogan: “What About My Ten Convictions?”

I’ve written about James Traficant before. Mr. Traficant is the former Congressman who represented the Youngstown, Ohio area for more than 17 years. He was known for his bombastic style. He’s also known for spending eight years at ClubFed for … Continue reading

Posted in Ohio | Tagged | 1 Comment

1040 Toilet Paper

Courtesy of the TaxProf Blog comes PrankPlace’s Form 1040 Toilet Paper. Per PrankPlace, “A collage of the 1040 IRS Form is printed throughout the whole roll!” It’s only $3.40 a roll. Somehow I hope that this gift isn’t on my … Continue reading

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Hopefully Their Treatments Weren’t Shams

Some of us believe in Santa Claus; some of us don’t. Almost all of us know that there’s an income tax. But there are a few nonbelievers out there. Dr. William Steiniger and his wife Diane are two of those … Continue reading

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Bad Advice: Holding the Check ’til 2010

Most of the advice given in the tax blogosphere is good. However, I saw this posted today: My business had a really profitable month. Do you have any ideas on last minute expenses to help lower my taxable income? Depending … Continue reading

Posted in Tax Preparation | Tagged , | 1 Comment

The “I Was Kidnapped” Defense to Tax Evasion

If you’re accused of tax evasion, there are a myriad of good defense strategies. However, claiming you were kidnapped by IRS Agents isn’t one of them. Judge William Terrell Hodges rejected that claim along with several others made by Mark … Continue reading

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Knocked Out From California

Once a month the Irvine Marriott holds boxing matches. I’ve been told that they’re selling out, so it’s apparent that boxing does draw well in California. It’s likely that a major prize fight would also draw well. Bob Arum is … Continue reading

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“Cutting Spending” Isn’t In Congress’ Vocabulary

When you or I run into cash flow problems, what do we do? We’re forced to cut spending, of course. It’s not as if we have a choice: We can’t print money, and robbing banks is usually not a good … Continue reading

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Links from the Blogosphere

Over the past few days there’s been plenty of good stuff in the tax blogosphere. Here are some highlights: Joe Kristan wrote about William Benson. Mr. Benson wrote The Law That Never Was alleging that the 16th Amendment wasn’t ratified. … Continue reading

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More Gambling Questions from the Mailbag

A few interesting questions have come in recently on gambling and taxes: Question. I think it’s ridiculous that you have to file an FBAR on an online gambling account. These aren’t bank accounts and I don’t think the government can … Continue reading

Posted in Gambling | Tagged | 5 Comments