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Author Archives: Russ
Budget Deal Done
The Flash Report said this evening that a budget deal is done. “Lots of cuts, lots of borrowing, lots of gimmicks. But from the briefings I have had so far, the cuts are substantial, with mega-billions that are permanent.” The … Continue reading
Posted in California
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I Hope He’s Not Your IRS Auditor
The headline says it all: “IRS agent arrested for threats: Treasury Department investigates Valencia man for filing false tax returns”. Yelling “I’m going to kill you” to Treasury Agents isn’t likely the best strategy in the world. As the article … Continue reading
Posted in IRS
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Real Budget Cuts Needed
I read this story this morning and couldn’t believe it. Yet I’ve been assured it’s true. California’s DMV is returning a check because it was sent in too quickly from the time the notice was received! There’s another few bucks … Continue reading
Posted in California
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California Budget Vote This Week?
Rumors are flying that a vote will occur this week on a new California budget that contains no new taxes. Of course, until the proposal is read no one knows what “user fees” and other disguised tax increases are within … Continue reading
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Woman Accepts Guilt in Defrauding Psychic
That’s the headline in the Rutland (Vermont) Herald. Denise Hall was employed by psychic Rosemary Altea. Ms. Hall pleaded guilty to wire fraud and filing a false tax return. It seems that Ms. Hall was Ms. Altea’s bookkeeper. Ms. Hall … Continue reading
Posted in Tax Evasion
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Progress on the Budget?
News reports indicate that some progress has been made on the California budget meltdown. That said, the headline notes that “the thorniest issues remain.” Meanwhile, the liberal Los Angeles Times continues with its attacks on Proposition 13. It’s just not … Continue reading
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Mailbag Time
Lots of questions have come in during the past few weeks. Here are a few that might interest you. 1. I recently settled a lawsuit for wrongful termination, and was awarded $100,000 after attorney fees of $50,000. How much of … Continue reading
IRS, UBS In Negotiations
The Wall Street Journal is reporting that the IRS and Swiss bank UBS will jointly request a postponement of a court hearing on Monday in Miami. The Journal is also reporting that UBS and the IRS are “…deep in talks … Continue reading
California Budget Update
Or perhaps this should be titled, no news isn’t good news. First, income tax collections were $1 billion under projections in June. That shouldn’t be a surprise to anyone; when people aren’t making as much money they don’t pay as … Continue reading
Posted in California
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