Author Archives: Russ

There’s One in Every Crowd

Posted on January 28, 2008 by Russ

I recently wrote an article for Poker Player Newspaper on taxes for poker players (I’ll post a link to the article in about a week when it’s up on their website). This morning I received an email that states, “You … Continue reading →

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The Prosecution Rests

Posted on January 27, 2008 by Russ

The trial of Wesley Snipes and his tax advisors continued in Ocala, Florida last week. The prosecution rested its case on Friday; the defenese will begin presenting its evidence on Monday. The last government witness, IRS agent Steward Stich, testified … Continue reading →

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Weekend Fraud

Posted on January 27, 2008 by Russ

The end of the week didn’t bring an end to tax fraud. There’s a lot to report as the fraudsters have been especially active. First, let’s look at two former public servants. From outside of Atlanta comes the indictment of … Continue reading →

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EFTPS Passwords Must be Updated

Posted on January 27, 2008 by Russ

If you use the federal EFTPS system to pay your federal taxes you must update your password. EFTPS now requires passwords to be eight to twelve characters long, containing at least one uppercase letter, one lowercase letter, and one number … Continue reading →

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Propositions 94, 95, 96, and 97

Posted on January 27, 2008 by Russ

It’s time to look at the last four propositions on the February 5, 2008 California ballot. Propositions 94 – 97 would allow four tribes to dramatically expand their Indian casinos in California (each proposition is for one of the four … Continue reading →

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A Pathological Gambler’s Deductions

Posted on January 24, 2008 by Russ

Today the Tax Court looked at the case of a “pathological gambler.” This isn’t a problem gambler. As the Court noted, “A pathological gambling disorder is a type of impulse control disorder and mental illness, not an “addiction”. This disorder … Continue reading →

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Dotting the I’s

Posted on January 23, 2008 by Russ

The last two days of the Wesley Snipes trial on tax evasion and conspiracy charges has been full of paper. The government has been entering into evidence numerous documents that they claim show proof that Mr. Snipes has evaded taxes. … Continue reading →

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Odds On Snipes

Posted on January 22, 2008 by Russ

An online betting site has posted odds on whether Wesley Snipes will find his way to ClubFed or not. According to Gambling911.com, BetCris.com has posted these odds on Mr. Snipes: Will Wesley Snipes be convicted of tax fraud? Yes 1/10 … Continue reading →

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IRS: Audits, Customer Satisfaction Up

Posted on January 22, 2008 by Russ

The IRS released the statistics on the most recent tax season last week. The good: customer satisfaction with the IRS toll-free telephone line (for answering tax questions) has risen to 94%. Do note that there is still a significant chance … Continue reading →

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A Bozo Diversion

Posted on January 21, 2008 by Russ

One of my links is to the Bozo Criminal of the Day. During tax season I need all the humor I can get. Today’s Bozo Criminal entry is one that I passed on, and involves two Miami gang members who … Continue reading →

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