Author Archives: Russ

Castroneves Not Guilty

Posted on April 26, 2009 by Russ

We had reported on Helio Castrovenes’ trial for tax evasion. The automobile race car driver and Dancing with the Stars contestant was found not guilty a week ago in Miami. Attorney Roy Black noted, “Nobody wants to hear the excuse … Continue reading →

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Minnesota Democrats Pass Tax Increases, Face Veto

Posted on April 26, 2009 by Russ

California isn’t the only state where the legislature is ignoring the current economic climate. In Minnesota, the Democrats who control that state’s legislature, have ignored Republican Governor Tim Pawlenty’s veto threat and passed a series of tax increases. Two different … Continue reading →

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We’re Back: A First Look at Propositions 1A – 1F

Posted on April 22, 2009 by Russ

After April 15th, and my mandatory cooling off vacation, I’ve returned and posting will now resume at the usual rate. First up on the agenda is the May special election on Propositions 1A through 1F. These six ballot measures are … Continue reading →

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Very Light Posting This Week

Posted on April 20, 2009 by Russ

I am out of town this week with extremely limited computer access. Posting will be light to non-existent until I return back to Irvine on Friday.

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New Hampshire Gambling Tax Not Yet Law

Posted on April 20, 2009 by Russ

Last week I wrote about New Hampshire’s proposed tax increases. Those taxes passed the lower house of New Hampshire’s state legislature. However, they still must pass the state senate in New Hampshire. If you live in New Hampshire you may … Continue reading →

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New Hampshire Adds Gambling Tax

Posted on April 16, 2009 by Russ

Live Free or Die may be the motto of New Hampshire, but the formerly conservative state that believed in very low taxes elected a Democratic majority in the state legislature last year. Shock of shocks, tax increases are coming. And … Continue reading →

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Tea Party on Tax Day

Posted on April 15, 2009 by Russ

Today is Tax Day, so for the procrastinators out there it’s time to file your extension. For those of you who aren’t tax accountants, it’s time to let our politicians know whose money they spend. There will be a series … Continue reading →

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Bozo Tax Tip #1: Don’t be Suspicious!

Posted on April 13, 2009 by Russ

Given my practice area, I deal with individuals who occasionally make large cash deposits. I tell them that they shouldn’t mind the completion of a Currency Transaction Report. The IRS gets so many of them that as long as you’re … Continue reading →

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Bozo Tax Tip #2: Trustless Trusts

Posted on April 12, 2009 by Russ

Just today someone sent me an email noting the following “truth”: Hey Russ, [redacted] sent me this video on how I can put all my wages and other income into this investment vehicle and I’ll no longer have to pay … Continue reading →

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Bozo Tax Tip #3: 300 Million Witness Can’t Be Right

Posted on April 11, 2009 by Russ

I keep thinking that I’ll be able to drop this Bozo tax tip one year. Yet every time I think that’s going to happen Richard Hatch makes the news again. One tip I can give any celebrity: Be careful about … Continue reading →

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