Author Archives: Russ

Drip, Drip, Drip on Rangel

Posted on September 7, 2009 by Russ

For embattled Congressman Charlie Rangel (D-NY), is time running out? Byron York thinks it is. He notes that Congressman John Carter (R-TX) has introduced the “Rangel Rule”: “The brainchild of Rep. John Carter, a Texas Republican who spent two decades … Continue reading →

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Updates From the Blogosphere

Posted on September 6, 2009 by Russ

Over the past week there’s been some interesting stories posted around the tax Blogosphere: The IRS posted a page titled “Keeping Good Records Reduces Stress at Tax Time.” I cannot stress this enough. If you have good records (especailly good … Continue reading →

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Impersonating an Accountant?

Posted on September 1, 2009 by Russ

Who in their right mind would want to impersonate an accountant? It’s not as if we live glamorous lives. For example, today I sent out my quarterly newsletter, gave a speech, and prepared tax returns. Of course, I should never … Continue reading →

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Tax Fraud Night at the Ballpark Canceled

Posted on September 1, 2009 by Russ

Well, it was a bad idea to begin with. The Mahoning Valley Scrappers, the Class A (short season) affiliate of the Cleveland Indians, have canceled Wednesday’s James A. Traficant, Jr. Release Night. The actual cancellation was made on August 14th. … Continue reading →

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Is the Tax Haven Era Ending?

Posted on September 1, 2009 by Russ

Angel Gurria argues in the Guardian that it is, and bank secrecy will soon be a thing of the past. He notes, correctly, that even Liechtenstein has been signing agreements. Indeed, the principality announced today that it and Germany have … Continue reading →

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Wrangling Rangel

Posted on August 30, 2009 by Russ

Congressman Charlie Rangel (D-NY) remains in trouble. But will anything come of it? Mr. Rangel is Chairman of the House Ways and Means Committee, and is a powerful force among Democrats in Washington. However, his tax abuses are legion and, … Continue reading →

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Yet Another Trust Fund Tax

Posted on August 30, 2009 by Russ

If you’re an executive of a company and having monetary troubles, it’s tempting to both hide that fact and to not pay your “Trust Fund” taxes. Trust Fund taxes are the payroll taxes you collect (from withholding) and match and … Continue reading →

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Another Survivor Tall Tale

Posted on August 30, 2009 by Russ

No, I’m not going to have anything in this post about Richard Hatch. Instead, we’ll head to the Great White North (Canada) where an entrepreneur with a checkered past decided to try his hand at developing a Survivor show. “David … Continue reading →

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Two Years at ClubFed for ex-IRS District Director

Posted on August 27, 2009 by Russ

Jesse Cota was a District Director for the IRS. After he left the IRS he went to work for Renaissance, the Tax People. That wasn’t a good choice of employer. It may have been lucrative financially for Mr. Cota for … Continue reading →

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Don’t Brag When You’re Committing A Crime

Posted on August 27, 2009 by Russ

One of my favorite websites is the Bozo Criminal of the Day. Every so often we get to see a story about a particular dumb criminal who decides to do something dumb: From Papillion, Nebraska, comes the story of a … Continue reading →

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