Author Archives: Russ

January 23rd: California Refund Deadline?

Posted on January 19, 2009 by Russ

Spidell today reported that California taxpayers who file by January 23rd and request a refund direct deposited into their bank accounts would likely get their refunds. Anyone who files after that date will likely have their refunds on hold. Unfortunately, … Continue reading →

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Double Trouble

Posted on January 18, 2009 by Russ

Two brothers operated two businesses: a fruit market and a car wash. Two sets of books and skimming lead to a likely term at ClubFed. Halfway across the country we also have a story of an alleged Bozo tax preparer. … Continue reading →

Posted in Tax Evasion | 1 Comment

California Tax Refunds Delayed

Posted on January 16, 2009 by Russ

California Controller John Chiang announced that California tax refunds will be delayed at least thirty days. This will be the first real consequence of the budget fiasco in Sacramento that will be felt by the average Californian. With no end … Continue reading →

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Three Gambling Questions

Posted on January 15, 2009 by Russ

Three interesting questions were recently emailed to me regarding gambling tax issues. Let’s take a look at some of the issues of concern: 1. “I’m planning on playing at an upcoming poker tournament in Los Angeles and heard that if … Continue reading →

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Givers Gain

Posted on January 13, 2009 by Russ

Two tax fraud stories on Tuesday, making it a twofer for Bozos. And trust me, don’t try either of these yourself. First, we head to Miami. Pablo Gehr allegedly wanted to help his fellow church parishioners. He allegedly volunteered to … Continue reading →

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It’s Only Monday

Posted on January 13, 2009 by Russ

It’s only Monday. And I already have several tales of woe from the tax evasion front. First, there’s one less Bozo preparer out in the world. Tommy Jordan is the former owner of Tax Tyme in Montgomery, Alabama. Mr. Jordan … Continue reading →

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Tax Season May Start In Mid-February This Year

Posted on January 12, 2009 by Russ

If you want to make an accountant unhappy all you need to do is tell him that tax season will be compressed. Funneling more work into fewer days does not brighten an accountant’s day. The IRS today officially recognized what … Continue reading →

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The Estate Tax

Posted on January 12, 2009 by Russ

The Wall Street Journal reported this morning that Democratic leaders in Congress expect to introduce legislation continuing the Estate Tax in 2010. Under current law the Estate Tax is scheduled to disappear in 2010 but reappear in 2011 at the … Continue reading →

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Selecting a Professional Tax Preparer

Posted on January 12, 2009 by Russ

We all know what assume means. “Do you remember the old episode of tv’s ODD COUPLE when Felix explains to Oscar what happens when you assume? We all must know by now that when you assume you make an ass … Continue reading →

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A Bad Week for Evaders

Posted on January 11, 2009 by Russ

Lots on the tax evasion front from the last few days. And we have two early entrants into the 2009 Tax Offender of the Year contest. Larry McClure is one of two owners of Morgan-McClure Motorsports. Morgan-McClure owns a NASCAR … Continue reading →

Posted in Tax Evasion | 2 Comments