Author Archives: Russ

All Talk and No Actions

Posted on June 15, 2009 by Russ

The California budget fiasco continues. In theory, the state must have a new budget in place by June 15th—tomorrow—in order for short-term loans to be taken out in July. There’s no chance of that. It’s not that Democrats and Republicans … Continue reading →

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Aloha Gamblers!

Posted on June 8, 2009 by Russ

Hawaii is a beautiful place. It’s hard for me to think of a more beautiful or relaxing place for a vacation. Residents of the Aloha State aren’t likely to be gamblers. Hawaii prohibits all forms of gambling. Of course, if … Continue reading →

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California’s Other $17.8 Billion Deficit

Posted on June 4, 2009 by Russ

California currently has a $24 billion budget deficit. Would you be surprised to learn that there’s another $17.8 billion budget deficit on top of the current budget fiasco? It’s true. California has had a major problem with the funding of … Continue reading →

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Ballmer: Obama Plan Would Lead to Jobs Moving Overseas

Posted on June 4, 2009 by Russ

The Obama Administration has announced plans to increase taxes on American businesses with foreign operations. Generally, taxes would increase on these firms’ foreign profits. So assume you’re the CEO of such a firm. Well, if we move American employees overseas … Continue reading →

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Big Tax Increases Coming?

Posted on June 4, 2009 by Russ

The Obama Administration has set a record on spending. Somehow they have had the belief that they wouldn’t have to increase taxes to pay for the spending. All along I’ve said that’s nonsense. It appears that everyone except the current … Continue reading →

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For Those Who Subscribe Via an RSS Feed

Posted on June 4, 2009 by Russ

Taxable Talk will be moving to a new host in the next couple of weeks. I plan on doing the move over this weekend but it could be pushed back to June 16th. In either case, when the move does … Continue reading →

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June 15th Deadlines

Posted on June 3, 2009 by Russ

As a tax accountant I know of several deadlines that fall on June 15th. If you were out of the country on April 15th, June 15th is the deadline to file your tax return (or file an extension). June 15th … Continue reading →

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I Need Your Advice (PowerBlogs Shutting Down)

Posted on May 30, 2009 by Russ

This blog has been hosted by PowerBlogs since its inception. I’ve enjoyed their service, but I discovered today that I’ll need to find a new home for Taxable Talk. PowerBlogs is shutting down. Please email me directly at rcfox [at] … Continue reading →

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ClubFed Is In Their Future

Posted on May 28, 2009 by Russ

Two corporate tax fraud stories crossed the wires today. In one case the participant will spend over 20 years at ClubFed; the other will almost certainly spend significant time there too. Frank Amadeo bragged that one day he’ll rule the … Continue reading →

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Proposition 8 Upheld

Posted on May 26, 2009 by Russ

Back in November California voters passed Proposition 8. This constitutional amendment to California’s constitution declared that the only legal marriage is between a man and a woman. The California Supreme Court upheld Proposition 8 today. The impact of this is … Continue reading →

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