Author Archives: Russ

Bozo Tax Tip #6: Just Don’t File

It’s getting more and more difficult to avoid the tax system. There are currency transaction reports (cash transactions of $10,000 or more) and suspicious activity reports (theoretically can be done on any transaction, but usually starts at $3,000 or more) … Continue reading

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Property Tax Deadline Tomorrow

If you’re a Californian don’t forget that the second installment of property taxes is due tomorrow, Thursday, April 10th. That’s a postmark deadline. Most California tax collector offices have online payment systems set up, too.

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Wesley Snipes: Mr. Bernhoft Responds

A few weeks ago I received an email from Robert Bernhoft, the lead defense attorney for Wesley Snipes during his recent trial for tax evasion. For those who don’t remember, Mr. Snipes was found not guilty of the most serious … Continue reading

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Bozo Tax Tip #7: Incorporate In Nevada

I’ve been talking about the Nevada Development Corporation’s efforts to draw California businesses to Nevada. A business that moves to Nevada should strongly consider reincorporating in Nevada to avoid California taxes. But assume you’re in California. Should you follow one … Continue reading

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Bozo Tax Tip #8: Use Consecutive SSNs When Cheating the IRS

Another repeat from last year, but with a better morale than before. Here’s what I wrote last year: Let’s thank Michael Graham of Queens, New York for coming up with this gem. Mr. Graham decided to file phony tax returns … Continue reading

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Probation for Olenicoff?!

I can’t believe this. As I reported in December, local billionaire Igor Olenicoff pleaded guilty to $52 million of tax fraud last December. In his plea agreement it appeared he would get a few months at ClubFed. As Joe Kristan … Continue reading

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Bozo Tax Tip #9: Only Foreign Income Is Taxable

Today’s Bozo Tax Tip is a repeat from last year. It’s just another of the tax protester myths, that only foreign income is taxable. It’s also one that has come up again during this tax season. So, without further ado, … Continue reading

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Bozo Tax Tip #10: The Trouble With Harry

I’m a big fan of Alfred Hitchcock movies. One of my favorites is The Trouble With Harry. Another movie with a similar plot is Weekend at Bernie’s. These movies deal with death in a light-hearted manner. Since this is a … Continue reading

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No Fooling: Light Posting for the Next Two Weeks

Other than my upcoming Bozo Tax Planning Series (which will begin later today), posting will be very light until after April 15th. I have lots of work in the in-basket, and not much time to get it all done. For … Continue reading

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No Pole Tax in Texas

I’m not talking about a poll tax, but a pole tax as in strip clubs. Travis County (Texas) Judge Scott Jenkins ruled that the $5 admissions tax to Texas strip clubs was unconstitutional as a violation of freedom of expression … Continue reading

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