Author Archives: Russ

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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Wesley Snipes, Where Are You?

Posted on October 22, 2006 by Russ

Well, Edwin Kanguatjivi told Reuters that Mr. Snipes is filming a movie in Namibia. “It is confirmed. He is definitely here.” The United States does not have an extradition treaty with Namibia. Meanwhile, a South African report states that Snipes … Continue reading →

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90 Cloudy Days

Posted on October 22, 2006 by Russ

That’s the number of days in jail that Sunny Garcia will be facing. Mr. Garcia, the former surfing champion who was convicted of tax evasion for not paying $117,000 in taxes from 1996-2001, will report to prison in January. He’ll … Continue reading →

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Wesley Snipes, Tax Cheat?

Posted on October 17, 2006 by Russ

Actor Wesley Snipes was indicted today on eight counts of tax fraud. Snipes is accused of not filing tax returns for the last six years and of filing false refund claims totaling $12 million. Over the last six years Snipes … Continue reading →

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Gone For One Week

Posted on October 16, 2006 by Russ

I will be out of town attending a funeral this week. Posting will resume next Monday, October 23rd.

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What Not To Do as an Accountant

Posted on October 15, 2006 by Russ

1. Inflate other businesses’ deductions by classifying wages and income as loan repayments. 2. Not filing your own tax return. And if you do both, and get caught, you’re likely going to be joining Brian Cox at ClubFed. Mr. Cox … Continue reading →

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No Renaissance for Them

Posted on October 11, 2006 by Russ

Back in 2000, the IRS raided “Renaissance, The Tax People.” The company was a multi-level marketing firm specializing in tax. Nothing wrong so far. However, the Department of Justice alleged in 2004 that the company told clients to add non-existant … Continue reading →

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Technical Corrections Bill Introduced in Congress

Posted on October 11, 2006 by Russ

A bill to make “technical corrections” to recently enacted tax legislation was introduced in both the House and the Senate, according to this story from CCH. The bills, S. 4026 and H.R. 6264, should find their way to passage in … Continue reading →

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