Author Archives: Russ

How Not To Commit Tax Evasion

You’re a successful business owner, but you’re running a little short of cash. Do you cut back a bit on your expenditures? Of course not. Do you set up a trust, and write checks to cash, and pocket the money? … Continue reading

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Psychic Doesn’t See Upcoming Sentence

Pity “psychic” David Guardino. We’ve written about Mr. Guardino of Cary, North Carolina twice before: when he threw some punches at his wife and when he was one of our nominees for the 2005 tax offender of the year. He … Continue reading

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Money Doesn’t Grow on Trees

You know that. I know that. Does our leadership here in the Bronze Golden State know that? Last week I got the chance to read. I was forced to—I was in bed with the flu. A very small blurb in … Continue reading

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Neteller, the DOJ, and the IRS

One of my practice areas is professional gambling. Many gamblers maintained an account with the e-wallet firm Neteller. Neteller served as a financial intermediary between US customers and online gambling firms. In January, the Department of Justice arrested the two … Continue reading

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Holes in the Tax Code

With the 2008 Budget being sent to Congress, the Tax Foundation’s Tax Policy Blog shows the cost of ten famous deductions, credits and exemptions. Read the article for the full story. Meanwhile, Roth Tax Updates has the full details of … Continue reading

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Westinghouse and Sylvania

Two famous electronics companies. In fact, I used to work for Westinghouse (“You can be sure if it’s Westinghouse”). But that’s not the story here. Instead, it’s the usual tax evasion, with a twist. >From the Pittsburgh Post-Gazette comes the … Continue reading

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The Kanter Sage Continues

I’ve written about the Kanter case before (here , here, and here). In that case, the Tax Court reversed the finding of the trial court judge, and didn’t release the findings of the trial court judge. The case made its … Continue reading

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Prescription: Tax Fraud

I’ve been under the weather the last two days, fighting a bout of the flu. That’s better than these individuals, including some doctors who should (one day) have a prescription to fight off the malady. Dr. Steven Herman was a … Continue reading

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Tax Myths for the Poker Player

That’s the title of the article I’ve written for the 2+2 Online Magazine. If you’re a poker player, the magazine (which is free) is a great resource; I heartily recommend it. My article covers many tax myths that I’ve seen … Continue reading

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Minimum Wage and Taxes

Last night the Senate passed an increase in the Federal minimum wage. Attached to the bill are tax breaks for small businesses and tax hikes for big businesses. There are several issues here, so let’s take a look at what … Continue reading

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