Author Archives: Russ

Snipes Makes a Deal

Posted on November 2, 2006 by Russ

According to Variety, actor Wesley Snipes has agreed to surrender to federal authorities upon his return to the United States. He has also reportedly agreed to a repayment plan with the IRS. Snipes is currently in Namibia filming Gallowwalker. Snipes … Continue reading →

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2007 Mileage Rates Announced

Posted on November 2, 2006 by Russ

The IRS announced the 2007 standard mileage rates: $0.485/mile driven for business; $0.20/mile driven for medical or moving; and $0.14/mile driven for service to a charitable organization. The business mileage rate is up 4 cents/mile from 2006. Hat Tip: The … Continue reading →

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California Ballot: Proposition 89

Posted on October 30, 2006 by Russ

Proposition 89 increases corporate tax rates by 0.2% to fund political campaigns. Ignoring the issue of whether or not state-funded campaigns are good ideas, increasing California’s corporate tax rate (already one of the highest in the United States) will do … Continue reading →

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California Ballot: Proposition 88

Posted on October 30, 2006 by Russ

Proposition 88 would increase education funding by taxing every real estate parcel $50. If you live on a 4,000 square foot parcel, you would pay an extra $50. If you live on a two-acre parcel, you would pay an extra … Continue reading →

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California Ballot: Proposition 87

Posted on October 26, 2006 by Russ

Proposition 87 is the next on the agenda. The proposition is titled, “Alternative Energy, Research, Production, Tax on California Oil Producers.” The initiative would increase the tax on oil pumped from California (or, under the state) by at least 25%. … Continue reading →

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California Ballot: Proposition 86

Posted on October 25, 2006 by Russ

Proposition 86 would impose a new cigarette tax of $0.13/cigarette sold in California. The funds raised would be used for everything from hospital trauma centers to funding for cancer research. The argument for Proposition 86 is that smoking kills, and … Continue reading →

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A Tweak on the Independent Contractor/Employee Issue

Posted on October 25, 2006 by Russ

You think you’re an employee; your “employer” thinks you’re an independent contractor. You decide to ask for a determination of status from the IRS using Form SS-8. Do you need to pay your federal income tax (through estimated payments and/or … Continue reading →

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Access Problems…Resolved

Posted on October 24, 2006 by Russ

Our blog host has apparently moved us to a new server. This is causing you to get an error if you attempt to reach us using our url. There’s no fix time, unfortunately, but we are working on it. Until … Continue reading →

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California Ballot: Proposition 84

Posted on October 22, 2006 by Russ

Next up on the list of California ballot measures that impact taxes is Proposition 84. (We’re not going to comment about Proposition 83, which deals with sex offenders, and Proposition 85, which deals with parental notification for a child’s abortion, … Continue reading →

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When a Man Murders, and Other Tax Cheats

Posted on October 22, 2006 by Russ

If you’re sentenced to 25 years in prison for murder, what’s a little tax fraud? Indeed, there have been many reports that prisoners with lots of time on their hands have been trying to defraud the IRS and state tax … Continue reading →

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