Author Archives: Russ

Who Owns the Bar?

Posted on March 17, 2008 by Russ

Most individuals put their lease agreements in writing. But not everyone does that. An individual in Maryland leases a bar to a friend with a verbal agreement. He doesn’t tell his accountant about the lease; the accountant believes (wrongly) that … Continue reading →

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When You’re Getting Your Tax Rebate (Stimulus) Check

Posted on March 17, 2008 by Russ

The IRS today released the schedule of when the stimulus payments will be received: By Direct Deposit: Last Two SSN Digits Payment Will be Transmitted By: 00 through 20 May 2 21 through 75 May 9 76 through 99 May … Continue reading →

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The Family that Evades Together…

Posted on March 17, 2008 by Russ

What happens when you start paying personal expenses out of your business and call them corporate expenses rather than salary? Very bad things, and a family in Jackson, West Virginia is accused of that. Five family members are accused of … Continue reading →

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Heinrich Kieber, Please Come Home

Posted on March 16, 2008 by Russ

Who is Heinrich Kieber? Mr. Kieber is the man who took €4 million from the Bundeskriminalamt, the German Federal Criminal Police, and gave Germany the list of Germans who had bank accounts in the tiny principality of Liechtenstein. The Landespolizei, … Continue reading →

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Seven Times Two Equals….

Posted on March 16, 2008 by Russ

One of my favorite television shows is Get Smart. In the episode called “The Decoy,” Maxwell Smart is brainwashed back to his childhood, is doing multiplication tables, and can’t figure out that 7 x 2 = 14. It’s one thing … Continue reading →

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Democrats’ Oil Tax Dead

Posted on March 13, 2008 by Russ

Political theater occurred last night in Sacramento. The Assembly held a rare evening session, and the Democrats’ oil tax fell to defeat 45-30 (it needed a 2/3 vote to pass). The vote was party line, except for one. Assemblywoman Nicole … Continue reading →

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It’s Just Bad Political Theater

Posted on March 12, 2008 by Russ

As expected, Assembly Democrats introduced AB9. It would add a 6% tax on oil drilling and a 2% tax on oil profits that exceed $10 million. Because it’s a tax the measure requires a 2/3 vote for approval—and it won’t … Continue reading →

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Aren’t Gasoline Price High Enough?

Posted on March 11, 2008 by Russ

The joy of being a Californian. The gas stations at Culver and Walnut in Irvine are having a price war—they’re seeing which station can reach $3.60 for a gallon of regular first. And if the Democrats in California’s Assembly have … Continue reading →

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My Side Business

Posted on March 11, 2008 by Russ

A good friend of mine called me late this afternoon and asked me for a referral. I asked him what he needed, and he told me, “Your side business.” I’m a writer (and I’m certain he knew that), so this … Continue reading →

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A Little Evasion

Posted on March 9, 2008 by Russ

It wasn’t that big of a week on the tax fraud front, with the exception of the German-Liechtenstein scandal that’s still around. But there’s a smidgen here and there to report on. In nearby Camarillo there’s a business owner who … Continue reading →

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