Author Archives: Russ

Mr. Tax Law Writing Tax Evader

Posted on September 23, 2009 by Russ

PJTV parodies the very successful Bud Light commercials “Real Men of Genius” with Real Members of Congress featuring Mr. Tax Law Writing Tax Evader. Unfortunately, the story is true…. Hat Tip: Patterico

Posted in Legislation | Comments Off on Mr. Tax Law Writing Tax Evader

We’re Still #3!

Posted on September 23, 2009 by Russ

As I prepare to head to Sacramento for a conference, the Bronze Golden State found that it held fast this past year as the third worst business tax climate in the United States as ranked by the Tax Foundation. That … Continue reading →

Posted in California | Comments Off on We’re Still #3!

FBAR Extension Applies to Late Filers, Too

Posted on September 21, 2009 by Russ

With the IRS announcing the extension for FBAR voluntary disclosure filers, an obvious question is whether the extension also applies to those who are simply late in filing their 2008 Report of Foreign Bank and Financial Accounts (Form TD F … Continue reading →

Posted in IRS | Comments Off on FBAR Extension Applies to Late Filers, Too

Fraud From North and South

Posted on September 21, 2009 by Russ

A couple tax fraud stories piqued my interest this weekend. Both have Northern components even though one is out of Tucson. Let’s start in Tucson, where Cameron McEwen allegedly received lots of money to mine gold in Wilcox, Arizona. Mr. … Continue reading →

Posted in Tax Fraud | 1 Comment

Federal Tax Fraud: The Users Guide, Part 3

Posted on September 21, 2009 by Russ

I’ve reported on Bernard Bagdis and Wayne Bozeman before. Mr. Bagdis decided to write a book called Federal Tax Fraud: The Users Guide. Unlike guides to computer software the reception for this idea was chilly. He used the ideas in … Continue reading →

Posted in Tax Fraud | Comments Off on Federal Tax Fraud: The Users Guide, Part 3

CARB Looking at Greenhouse Gas Tax

Posted on September 21, 2009 by Russ

The California Air Resources Board is looking at Greenhouse Gas Fees for all California businesses. Call them fees, but as I repeatedly state all taxes (and fees) are passed on to consumers. Assuming the report is accurate this will just … Continue reading →

Posted in California | Comments Off on CARB Looking at Greenhouse Gas Tax

State Tax Commission Looking at Business Receipts Tax

Posted on September 21, 2009 by Russ

The headline basically tells the story. The commission appointed by Governor Schwarzenegger to look at California’s tax structure will apparently propose a Business Net Receipts Tax. The tax would not be based on gross receipts but net receipts: gross income … Continue reading →

Posted in California | Comments Off on State Tax Commission Looking at Business Receipts Tax

FBAR: Extension to October 15th?(Confirmed)

Posted on September 21, 2009 by Russ

Bloomberg is reporting that the IRS will delay the September 23rd extended deadline for filing the Report of Foreign Bank and Financial Accounts (Form TD F 90-22.1, or FBAR) until October 15th. The extension (of an extension) was requested by … Continue reading →

Posted in IRS | Comments Off on FBAR: Extension to October 15th?(Confirmed)

Sweden Understands; Current Administration Doesn’t

Posted on September 20, 2009 by Russ

>From PowerLine I learned that Sweden is lowering its tax rates to encourage job growth. Yes, a bastion of Scandinavian socialism understands economics enough to know that high tax rates discourage job growth. It’s a pity that our current Administration … Continue reading →

Posted in Legislation | Comments Off on Sweden Understands; Current Administration Doesn’t

Amnesty, FBAR Deadline Less Than A Week Away

Posted on September 17, 2009 by Russ

FBAR. Just four letters, but put together it’s become a very interesting tax story this summer. Well, that story will play out as summer turns to fall next week. The IRS’ limited amnesty on criminal prosecutions of late filers of … Continue reading →

Posted in IRS | 2 Comments