Author Archives: Russ

Budget Deal Reached…Again

Posted on September 19, 2008 by Russ

Reports out of Sacramento are that the Big Five (Governor Schwarzenegger and the Republican and Democratic leaders of the Legislature) have reached another budget deal; this deal will include all of Governor Schwarzenegger’s budget fixes. I can’t find anything on … Continue reading →

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Olenicoff Sues UBS

Posted on September 18, 2008 by Russ

Orange County Billionaire Igor Olenicoff sued UBS, the Swiss Banking Giant, alleging that they conned him into breaking US Tax Laws. Mr. Olenicoff is alleging that when a giant company tells you that they will obey the law everything just … Continue reading →

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The Financial Mess

Posted on September 18, 2008 by Russ

Joe Kristan has an excellent post noting what some of the root causes of the financial mess are. He quotes and links from the Tax Policy Blog; bluntly, a lot of the blame falls on political schemes done in the … Continue reading →

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Budget Veto Delayed

Posted on September 18, 2008 by Russ

This morning from the Wall Street Journal I learned that Governor Schwarzenegger has delayed his veto of the budget until Friday. It’s likely there are the votes needed to override the veto; the Governator promised that if that happened he’d … Continue reading →

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Traveling

Posted on September 16, 2008 by Russ

I will be traveling over the next several days. Posting will be very limited until next Tuesday, September 23rd. I was hoping to get the next part of my presidential tax series up. Unfortunately, it will be delayed until my … Continue reading →

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He Should Have Known Better

Posted on September 16, 2008 by Russ

My thanks to Joe Kristan for highlighting an interesting and amusing (to me) Tax Court case today: Baisden v. Commissioner. Mr. Baisden is a CPA, and he had a unique way of preparing tax returns: In an effort to explain … Continue reading →

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Another Tax Blog

Posted on September 16, 2008 by Russ

And it’s a good one, too. I don’t know how I’ve missed adding Robert Flach’s The Wandering Tax Pro blog to the blogroll on the right, but that error has been rectified. Robert reports extensively on the tax situation out … Continue reading →

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Schwarzenegger to Veto Budget

Posted on September 16, 2008 by Russ

It’s now worthy of a soap opera. Republican Governor Arnold Schwarzenegger announced this afternoon that he would veto the budget bill that passed last night. He announced that if the budget veto is overridden that he would veto “hundreds of … Continue reading →

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California Has a Budget (But It Might be Vetoed)

Posted on September 16, 2008 by Russ

Both houses of the Legislature passed a budget late yesterday (possibly early this morning). The $110 billion budget does not include any new general taxes or tax increases (no increase in the sales tax or income tax). The budget does … Continue reading →

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Another New Tax Blog

Posted on September 15, 2008 by Russ

I’m always interested in finding new tax bloggers. I received an email today from Bruce who has “the taxguy” tax blog. He has quite a bit of useful information on his blog, including the first of a series about choosing … Continue reading →

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