Author Archives: Russ

Money Doesn’t Grow on Trees

Posted on February 13, 2007 by Russ

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

Posted on February 8, 2007 by Russ

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

Posted on February 7, 2007 by Russ

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

Posted on February 7, 2007 by Russ

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

Posted on February 5, 2007 by Russ

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

Posted on February 5, 2007 by Russ

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

Posted on January 31, 2007 by Russ

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

Posted on January 31, 2007 by Russ

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 →

Posted in Legislation | 1 Comment

A Slam for Traylor? No, It’s the Slammer.

Posted on January 28, 2007 by Russ

Robert “Tractor” Traylor, a former NBA player for Milwaukee, Cleveland, Charlotte, and New Orleans, pleaded guilty on Friday to a charge of preparing a false tax return. Mr. Traylor, 29, attempted to conceal assets of his cousin, Quasand Lewis, according … Continue reading →

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Will You Really Get that Hybrid Vehicle Tax Credit?

Posted on January 26, 2007 by Russ

There’s a great op-ed piece in today’s San Francisco Chronicle about the hybrid vehicle tax credit. The op-ed, written by Edward McQuarrie, a professor at Santa Clara University, gives the unpleasant details of how many Californians won’t get the full … Continue reading →

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