Author Archives: Russ

A Very Unlucky Spendthrift Lottery Winner

Posted on August 10, 2008 by Russ

If you are lucky enough to win the lottery definitely plan on paying your taxes. Indeed, you’ll find that the government will be quite helpful in that regard, and that taxes will be withheld from your winnings. Do remember, though, … Continue reading →

Posted in Gambling, Tax Evasion | Comments Off on A Very Unlucky Spendthrift Lottery Winner

Troutman Pleads Guilty

Posted on August 10, 2008 by Russ

When I was growing up just north of Chicago my parents told me about how the dead voted. That didn’t seem right to me, but I did learn at a young age about Chicago politics. Last year I reported that … Continue reading →

Posted in Illinois | Comments Off on Troutman Pleads Guilty

Snipes’ Bill: $217,363.75

Posted on August 10, 2008 by Russ

Wesley Snipes recently got clearance to go overseas to film a movie while waiting for his appeal to be heard. It looks like he’ll need some of the money he’s making: he just received the bill for his trial. As … Continue reading →

Posted in Tax Evasion | Tagged | Comments Off on Snipes’ Bill: $217,363.75

Another Week, No Budget

Posted on August 10, 2008 by Russ

No surprise, really, that California still has no budget and frankly there’s been no progress. Democrats want to increase taxes, Republicans don’t, and neither side is talking to the other. Yes, things are normal in Sacramento….

Posted in California | Comments Off on Another Week, No Budget

Midweek Evasion

Posted on August 7, 2008 by Russ

It’s only my third day back from vacation. Some of the individuals mentioned below will be counting the days at ClubFed very soon. Let’s start in Stillwater, Minnesota. Randy Haugen owned an automobile repair business, and it was apparently quite … Continue reading →

Posted in Tax Evasion | Comments Off on Midweek Evasion

The New Tax Bill

Posted on August 4, 2008 by Russ

While I was away on vacation Congress passed a Housing Bill. There are a number of tax impacts of the legislation: A first-time homebuyer’s credit of up to $7,500. This credit can be taken if you are a first-time homebuyer … Continue reading →

Posted in Legislation | Comments Off on The New Tax Bill

Vacation Over; Budget — What Budget?

Posted on August 4, 2008 by Russ

As expected California is no closer to a budget today than when I left on my vacation two weeks ago. The Democrats in the Legislature remain convinced that the only solution is new taxes while the Republicans are convinced that … Continue reading →

Posted in California | Comments Off on Vacation Over; Budget — What Budget?

Vacation

Posted on July 20, 2008 by Russ

It’s time for my annual vacation. I’ll be back on August 4th. If you need to learn the latest on the California budget mess, I recommend the Flash Report. If you need a tax fix, check out one of the … Continue reading →

Posted in Taxable Talk | Comments Off on Vacation

If It’s Cash….

Posted on July 20, 2008 by Russ

It was a busy week for bozo taxpayers. There’s one less bozo tax preparer to harm my profession, while two under-the-table business owners found out that cash income is just as taxable as checks. First, we’ll head to Dartmouth, Massachusetts. … Continue reading →

Posted in Tax Evasion | Comments Off on If It’s Cash….

Spinka from the Inside

Posted on July 20, 2008 by Russ

Another domino fell in the government’s fight against Naftali Tzi Weiss, the Grand Rabbi of Spinka. He’s charged with tax fraud. Allegedly he concocted a scheme where individuals could donate funds to his organization as charitable donations but would receive … Continue reading →

Posted in Tax Evasion | Comments Off on Spinka from the Inside