Author Archives: Russ

US 58, Hovind 0

Since we’re still in football season, I thought it would be appropriate to report this story in that format. As I reported earlier, Hovind was accused of 58 counts of tax fraud and related charges. Last Thursday he was found … Continue reading →

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Snipes Didn’t Make a Deal???

There’s a possible new entrant into the Bozo Taxpayer’s Hall of Fame: Wesley Snipes. The Tampa Tribune reported that Snipes does not have a deal. Assistant U.S. Attorney Robert O’Neill told the Tribune, “We have no idea where that came … Continue reading →

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California Ballot: Proposition 90

Finally, the last of the ballot measures on the statewide ballot. Proposition 90 looks at government “takings” — when property is condemned and utilized. This measure looks to reverse the Kelo decision in California. Opponents of this measure claim that … Continue reading →

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Snipes Makes a Deal

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

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

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

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

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

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

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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