Author Archives: Russ

Bill Campbell Appeals

Posted on June 9, 2007 by Russ

The former mayor of Atlanta, Bill Campbell, appealed his conviction and sentence at the 11th Circuit Court of Appeals. Campbell, who is now enjoying a stay at ClubFed’s Miami facility, didn’t make the trip to Atlanta for the appeal. The … Continue reading →

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New Math

Posted on June 9, 2007 by Russ

One of my favorite songs is Tom Lehrer’s New Math, where he notes, “It’s so simple, so very simple, that only a child can do it!” That’s what it must be like for the people in Sacramento counting the tax … Continue reading →

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Wesley Snipes: My Prosecution is Racially Motivated

Posted on June 9, 2007 by Russ

You remember Wesley Snipes, actor and alleged tax cheat? Mr. Snipes is accused of amended a tax return to get back all of his taxes because he bought into the idea that only foreign income is taxable. (Hint: All income … Continue reading →

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No Vacation from Fraud

Posted on June 4, 2007 by Russ

I’m traveling quite a bit this month. Currently, I’m enjoying the heat of Las Vegas. The individuals mentioned below are suffering a different kind of heat. I’ve written about Talal Chahine and the La Shish resturant before. His wife was … Continue reading →

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The IRS Makes a Mistake; Who Pays?

Posted on May 30, 2007 by Russ

Suppose you discover an error in your 2001 tax return. You’ve forgotten to include a $55,065 deduction that will lower your taxes by $13,769. You timely amend your return to get the deduction (you have three years from the due … Continue reading →

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The Massive Tax Increase You Haven’t Seen or Read About

Posted on May 28, 2007 by Russ

If I told you that you were going to get hit by a massive tax increase, you would rightly ask, “Why haven’t I heard about it on television? Why haven’t I read about it in the media?” But it really … Continue reading →

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Health Care Bills Gain Steam, But There’s a Problem…

Posted on May 27, 2007 by Russ

It appears that legislation for a mandatory health care system with employer mandates may pass the California legislature. Apparently the Governator and our legislators haven’t figured out that high taxes drive out small business from California. Luckily for you and … Continue reading →

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Some Fraud for Your Holiday

Posted on May 27, 2007 by Russ

With tomorrow being Memorial Day, our troops overseas should be in your thoughts and prayers. I’ll be writing about some individuals who are praying to avoid ClubFed. Let’s start in Georgia, where a Bozo tax preparer allegedly decided to take … Continue reading →

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The IRS Overreaches

Posted on May 24, 2007 by Russ

What happens when you receive a Form 1099-MISC, but you never received the income shown on the information return? You don’t include it on your tax return—after all, you didn’t receive the income, so you don’t owe tax on it. … Continue reading →

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He Gambled and He Lost (In More Ways than One)

Posted on May 23, 2007 by Russ

I’ve repeatedly said that gamblers aren’t treated well under the Tax Code. One Michigan resident allegedly had a way around this problem: just ignore the gambling. This may turn out to be a much bigger problem, as he now faces … Continue reading →

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