Author Archives: Russ

A Pinch of Fraud, and a Pound of Evasion

Posted on January 23, 2007 by Russ

I haven’t done a megapost with a bunch of tax schemers in some time. So before I head off to dinner, here’s some fraud and evasion to munch on. Lots of people have been filing false tax returns lately. The … Continue reading →

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What Kind of Business Entity is Right For You (Part 1)

Posted on January 19, 2007 by Russ

You’ve decided to go into business for yourself! Congratulations. If you’re like most new entrepreneurs, you start your business first, and ask questions later. If you do that, I can guarantee that unless you’re incredibly lucky, you’ll have a bunch … Continue reading →

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Out of State California S Corp Shareholders in for a Surprise

Posted on January 19, 2007 by Russ

California has always mandated that for all distributions to out-of-state S Corporation shareholders, 7% be withheld for state income tax to the Franchise Tax Board. However, there was no enforcement of this mandate. That’s changed for 2007. The Franchise Tax … Continue reading →

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Frozen Taxes?

Posted on January 16, 2007 by Russ

California has been in the grips of a freeze. It’s estimated that the cold weather will cost California growers billions of dollars. You and I will feel the pain when we go to buy citrus in coming weeks — expect … Continue reading →

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Postmarks Matter

Posted on January 16, 2007 by Russ

Today is the deadline to make your fourth quarter estimated tax payment. That payment must be postmarked today. It doesn’t have to be received by the IRS today, but you do need it to be postmarked today. The easiest, best, … Continue reading →

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I Won the Money, But They Took It Away– Do I Pay Tax?

Posted on January 10, 2007 by Russ

Last year, two Internet poker players were found by two different Internet poker sites to have cheated. (The players involved had multiple accounts, which was in violation of the sites’ rules.) Both Internet sites confiscated the money that the cheaters … Continue reading →

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Tax Carnival and More

Posted on January 10, 2007 by Russ

Don’t Mess with Taxes has the 9th Tax Carnival up. You can read it here. There’s nothing from me, probably because I didn’t submit anything…. Also, I will be attending a convention over the next several days. Posts will be … Continue reading →

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Health Care for All…But at What Cost?

Posted on January 9, 2007 by Russ

The Governator announced his health care vision yesterday. You can find a good summary of it here. The plan would mandate that all Californians have health insurance, and the state would mandate what would and wouldn’t be covered. The plan … Continue reading →

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Bah, Humbug

Posted on January 7, 2007 by Russ

You own a Christmas tree lot, and it’s December 26th. What do you do with your leftover trees? Well, it’s time to throw them away…but not for one lot owner near Fresno. No, they’re not hazardous waste. Rather, the Board … Continue reading →

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Prosecutors to Court: Reject Hatch’s Appeal

Posted on January 6, 2007 by Russ

The U.S. Attorney’s Office replied to Richard Hatch’s appeal on Friday. Hatch, the former Survivor winner who didn’t pay his taxes on his $1 million prize, recently filed an appeal of his conviction. Hatch, in his appeal, alleged that he … Continue reading →

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