Author Archives: Russ

Fraud From North and South

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

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Federal Tax Fraud: The Users Guide, Part 3

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

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CARB Looking at Greenhouse Gas Tax

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

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State Tax Commission Looking at Business Receipts Tax

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

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FBAR: Extension to October 15th?(Confirmed)

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

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Sweden Understands; Current Administration Doesn’t

>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

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Amnesty, FBAR Deadline Less Than A Week Away

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

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Gubenatorial Candidate Wants to Lower Taxes?!?

In what is likely a first for California, a candidate for Governor, Steve Poizner, told the Sacramento Bee that if elected he would work to slash personal income taxes, corporate taxes, and sales taxes by 10%. That would mean reducing … Continue reading

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If You’re a Celebrity, Pay Your Taxes

Yet another celebrity has gotten into trouble with the IRS. Golfer Jim Thorpe didn’t pay his taxes of about $1.5 million. He’s going to plead guilty to two counts and will pay all of his back taxes, penalties, and interest. … Continue reading

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Deducting Prostitutes Doesn’t Work Well (Nor Does Deducting Porn)

Supreme Court Justice Potter Stevens famously uttered about pornography, “I shall not today attempt further to define the kinds of material I understand to be embraced . . . [b]ut I know it when I see it….” That’s a subject … Continue reading

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