Author Archives: Russ

IRS Oversight Board “Gravely Concerned”

Posted on November 27, 2007 by Russ

This afternoon I spoke to the Exchange Club of Irvine regarding tax law changes in 2007. One issue that came up that I couldn’t give a complete answer to was the Alternative Minimum Tax (AMT). Would Congress pass another “patch” … Continue reading →

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Yagman Gets Three Years

Posted on November 27, 2007 by Russ

Civil rights attorney Stephen Yagman was sentenced today to three years at ClubFed for his 19 convictions on bankruptcy fraud, tax fraud, and money laundering. The government had asked for nine years; Yagman had asked to teach a course on … Continue reading →

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Mileage Rates for 2008

Posted on November 27, 2007 by Russ

A sure way to know when the IRS will announce the standard mileage rates for the following year is to look at my schedule. At lunch today I spoke to the Exchange Club of Irvine on 2007 tax law changes. … Continue reading →

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Tomorrow, Tomorrow…

Posted on November 26, 2007 by Russ

The sun’ll come out Tomorrow So ya gotta hang on ‘Til tomorrow Come what may Tomorrow! Tomorrow! I love ya Tomorrow! You’re always A day A way! Those lyrics, from the musical Annie, describe Stephen Yagman’s fate. After a six-hour … Continue reading →

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FBARs

Posted on November 25, 2007 by Russ

Several months ago, I participated in a phone form on the FBAR program (Foreign Bank Account Rreporting); generally, if you have a foreign bank account with $10,000 or more in it you must file Form TD F90-22.1 with the Department … Continue reading →

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The “Fair Tax”

Posted on November 25, 2007 by Russ

I’ve been asked if I am a supporter of the “Fair Tax.” The Fair Tax is an idea of scrapping the current U.S. Tax Code and replacing it with a national sales tax. You can go to the Fair Tax … Continue reading →

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Three Years to Learn English (and Repent)

Posted on November 22, 2007 by Russ

Back in August I reported on the case of La Crosse, Wisconsin dentist Frederick Kriemelmeyer. Dr. Kriemelmeyer is an adherent of the philosophy of David Wynn Miller’s “In the Truth.” And he doesn’t believe in the US flag and the … Continue reading →

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9 Years or Teaching Undergraduates “Morality”

Posted on November 22, 2007 by Russ

Back in June prominent Los Angeles attorney Stephen Yagman was found guilty of 19 counts of tax fraud, money laundering, and bankruptcy fraud. Yesterday at the sentencing hearing, Yagman’s attorney, Barry Tarlow, asked that Yagman be sentenced to teaching morality … Continue reading →

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Only The IRS Conducts Audits

Posted on November 19, 2007 by Russ

Wouldn’t it be nice if you could conduct an audit of that conniving guy or gal that you have to deal with? You’d make his or her life a total pain. Well, that’s just no doable. Only the IRS (and … Continue reading →

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Trucking, Gambling, or Both?

Posted on November 19, 2007 by Russ

Can a woman who owns and operates a trucking business also be considered a professional gambler? That’s what the Tax Court had to decide. Linda Myers operated a trucking business in the Twin Cities. The trucking business was substantial; there … Continue reading →

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