Author Archives: Russ

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 →

Posted in Legislation | Comments Off on Ballmer: Obama Plan Would Lead to Jobs Moving Overseas

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 →

Posted in Legislation | Comments Off on Big Tax Increases Coming?

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 →

Posted in Taxable Talk | Comments Off on For Those Who Subscribe Via an RSS Feed

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 →

Posted in California | Comments Off on June 15th Deadlines

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 →

Posted in Taxable Talk | Comments Off on I Need Your Advice (PowerBlogs Shutting Down)

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 →

Posted in Tax Fraud | Comments Off on ClubFed Is In Their Future

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 →

Posted in California | Comments Off on Proposition 8 Upheld

Koosman Pleads Guilty

Posted on May 26, 2009 by Russ

Jerry Koosman pleaded guilty last week to failing to file a federal tax return. It wasn’t a surprise that the former pitcher for the New York Mets and several other major league teams pleaded guilty; I reported on this earlier … Continue reading →

Posted in Tax Evasion | Comments Off on Koosman Pleads Guilty

Back to the Drawing Board

Posted on May 26, 2009 by Russ

After attending continuing education last week at the CSEA SuperSeminar in Las Vegas I expected a boring week to follow. After all, it’s a short week (Memorial Day was yesterday). Instead comes news that the IRS has scrapped its computer … Continue reading →

Posted in IRS | Comments Off on Back to the Drawing Board

What’s Next for California

Posted on May 21, 2009 by Russ

California voters rejected Propositions 1A-1E yesterday. Voters told Sacramento in no uncertain words it’s time to cut programs, and spend only the money you have. It will be interesting to see if the Democrats in control of both houses of … Continue reading →

Posted in California | Comments Off on What’s Next for California