Author Archives: Russ

We Take Requests

Posted on October 21, 2007 by Russ

Dan Meyer of the TickMarks blog made a request of me: “Present or past entertainers O. J. Simpson, Sinbad (Adkins) and Dionne Warwick are part of California’s Delinquent Taxpayers List. Each owes over $1,000,000 in income taxes and each have … Continue reading →

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Great News for Poker Tournaments!

Posted on October 19, 2007 by Russ

As I reported earlier, the IRS has revisited Revenue Procedure 2007-57, which would have required withholding on all poker tournament payouts of more than $5,000. I had been told by someone at the IRS that the IRS was going to … Continue reading →

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The Last Western Tax Service Post…I Hope

Posted on October 17, 2007 by Russ

Every time I think I can finally put to bed Western Tax Service I see yet another story on them. Yesterday, the only two individuals who went to trial as part of the Western Tax Service saga found out their … Continue reading →

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Midweek Fraud

Posted on October 17, 2007 by Russ

Having returned from a trip to Connecticut, I needn’t have worried that the tax fraud artists would be missing. They’re out in force this morning. First, from Clarksville, Tennessee comes a woman who had a bookkeeping business. She named it … Continue reading →

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Internet Tax Ban Passes House

Posted on October 17, 2007 by Russ

The House of Representatives passed legislation yesterday that would extend the current ban on taxes on the Internet for another four years. The vote was nearly unanimous–405 to 2. The legislation now heads to the Senate, where it likely will … Continue reading →

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LLC Fees: An Update

Posted on October 17, 2007 by Russ

California’s Legislature approved AB198, and the Governor recently signed the legislation into law. The bill changes how California’s LLC fee is calculated. This legislation changes the LLC fee so that it is apportioned, in the same manner as the income … Continue reading →

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Another List Not To Be On

Posted on October 14, 2007 by Russ

The Franchise Tax Board (California’s Income Tax Agency) has published its list of the top 250 debtors to the FTB. You can find the list here. Rapid America Corporation heads the list, with a debt of $26.8 Million. The largest … Continue reading →

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Why California Businesses Keep Moving to Nevada

Posted on October 11, 2007 by Russ

In news that won’t shock anyone who does business in California, the Bronze Golden State now ranks 47th out of 50 states in a business tax climate survey done by the Tax Foundation. Meanwhile, Nevada ranks 3rd in the Nation. … Continue reading →

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Snipes Trial Delayed

Posted on October 11, 2007 by Russ

The Hollywood Reporter is saying that Wesley Snipes’ tax evasion trial has been continued. Apparently Judge Terrell Hodges changes his mind after speaking with Mr. Snipes. It appears that the new trial date has not been set. More on the … Continue reading →

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Will Our Government Learn?

Posted on October 10, 2007 by Russ

California is a great place to live. The climate in Orange County is wonderful. I like the people. But the taxes are high. I’m in Connecticut for the rest of the week (there won’t be many posts this week because … Continue reading →

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