Author Archives: Russ

More Corruption in New Jersey? Say It Ain’t So

Posted on January 6, 2008 by Russ

Like the raindrops that have been falling relentlessly here in Orange County, so also have been the charges of corruption in New Jersey. The Mayor of Guttenberg, David Delle Donna, and his wife, Anna, have been indicted on charges of … Continue reading →

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Snipes Appeals Judge’s Rulings

Posted on January 5, 2008 by Russ

Wesley Snipes attorneys appealed Judge William Hodge’s rulings that the trial will take place in Ocala, Florida and that it would start on January 14th. The appeal was filed at the 11th Circuit Court of Appeals in Atlanta, according to … Continue reading →

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Illegal Income Is Taxable

Posted on January 3, 2008 by Russ

I’ve been asked about illegal income several times. Yes, you must report your illegal income on your tax return. If you don’t, you’re guilty of tax evasion. Todd Olynciw seemed to be a model employee of the Hartford, the big … Continue reading →

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A New Meaning for Variable Income

Posted on January 3, 2008 by Russ

If you ask a financial institution for a loan for your business, the bank will likely want to see your tax returns and/or financial statements. One sure way to get in trouble is to tell the bank all about your … Continue reading →

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IRS Street Addresses

Posted on January 2, 2008 by Russ

Most taxpayers use the Postal Service to send their returns to the IRS. However, you can use Federal Express, UPS, or DHL. The problem is the IRS hides the street addresses of their service centers on their website if you … Continue reading →

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Vote Early and Often, 2008 Edition

Posted on January 2, 2008 by Russ

With the Iowa caucuses tomorrow, it’s time to remember that Californians will vote three times this year. We have our presidential primary on Tuesday, February 7th, our “normal” June primary on Tuesday, June 3rd, and Election Day on Tuesday, November … Continue reading →

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The Swamplands Also Face Budget Troubles

Posted on January 1, 2008 by Russ

California is not the only state with a budget crisis. The swamplands, aka New Jersey, face a projected $3 billion deficit for the next fiscal year according to this story. Governor Jim Corzine (D) has asked his administration to find … Continue reading →

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The 2007 Tax Offender of the Year

Posted on December 30, 2007 by Russ

There are all sorts of awards given, but the award I give is special. To be considered for the Tax Offender of the Year award, you must do more than cheat on your taxes. It has to be special; it … Continue reading →

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California Economics

Posted on December 30, 2007 by Russ

In most of the world, economics follows the rules you learned in school. If prices increase and the supply stays constant, demand falls; if supply decreases and demand stay constant, price increases, etc. But I’m a resident of California. California … Continue reading →

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So I Married a Tax Cheat

Posted on December 27, 2007 by Russ

I remember the Michael Myers movie, So I Married an Axe Murderer. Today the Tax Court looked at a related issue: What happens if you marry a tax cheat but don’t know about it? The basic facts weren’t in dispute. … Continue reading →

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