Author Archives: Russ

An Unsuccessful Launderer

Posted on October 7, 2006 by Russ

Samuel Currin, the former chairman of the North Carolina Republican party, has agreed to plead guilty to conspiracy charges related to tax fraud, according to a published report. Mr. Currin will, according to the report, admit to taking $1.45 million … Continue reading →

Posted in Tax Fraud | Comments Off on An Unsuccessful Launderer

California Election: Proposition 1E

Posted on October 6, 2006 by Russ

The last of the five of the Governator’s infrastructure initiatives deals with disaster preparedness and levee repairs. This measure would allow the issuance of $4.09 billion in bonds, with payback costing about $266 million per year for 30 years. Most … Continue reading →

Posted in California | Comments Off on California Election: Proposition 1E

California Election: Proposition 1D

Posted on October 6, 2006 by Russ

The fourth of five of the Governator’s infrastructure initiatives is a school funding bond act. If approved, $10.416 billion of bonds would be issued, costing around $680 million a year for 30 years to payoff. Yikes! Again, the goal of … Continue reading →

Posted in California | Comments Off on California Election: Proposition 1D

California Election: Proposition 1C

Posted on October 6, 2006 by Russ

Proposition 1C is the third of five of the Governator’s infrastructure bills on the November ballot. Titled “Housing and Emergency Trust Fund Act of 2006”, it’s yet another monstrous bond act. This measure would allow the issuance of $2.6 billion … Continue reading →

Posted in California | Comments Off on California Election: Proposition 1C

ITunes + Tax in New Jersey

Posted on October 4, 2006 by Russ

As I mentioned previously, New Jersey increased its sales tax earlier this year. The Garden State also expanded what is covered by sales tax. Tattoos, massages, limousines, and data processing services are just some of the itmes that the state … Continue reading →

Posted in New Jersey | Comments Off on ITunes + Tax in New Jersey

What Is It About Strip Club Owners that Makes Them Want to Become Tax Cheats?

Posted on October 3, 2006 by Russ

I wish I knew the answer—I could write a book on it! Perhaps it’s the cash income. Maybe it’s the borderline pornography. In any case, yet another strip club owner had his day in court. James Andrew Yaeger, of Columbia, … Continue reading →

Posted in Tax Evasion | Tagged | Comments Off on What Is It About Strip Club Owners that Makes Them Want to Become Tax Cheats?

Coal in the Stocking for Online Gamblers

Posted on October 3, 2006 by Russ

Very early Saturday morning, Congress passed the Safe Port Act. Appended at the end of the legislation is the “Unlawful Internet Gambling Enforcement Act of 2006.” (The link takes you to the entire text of the act; go to page … Continue reading →

Posted in Gambling | Comments Off on Coal in the Stocking for Online Gamblers

Most People Only Want to File One Return a Year

Posted on September 29, 2006 by Russ

Why would you want to file two individual federal tax returns for one person for one year? Unless you’re amending your return, you don’t do this…unless you’re committing tax fraud. And from just up the road in Huntington Beach comes … Continue reading →

Posted in Tax Evasion | Comments Off on Most People Only Want to File One Return a Year

Utah Couple Would Scam Anyone and Everyone

Posted on September 29, 2006 by Russ

…Until they got caught. Steven and Diane Christensen admitted costing the US government between $4 and $7.5 million in tax revenues. An official of US Bank estimates that they lost $13 million. This couple cut a wide swath through the … Continue reading →

Posted in Tax Evasion | Comments Off on Utah Couple Would Scam Anyone and Everyone

Why You Keep a Gambling Log

Posted on September 25, 2006 by Russ

The Tax Court reviewed the case of a couple that enjoyed playing the slots in Atlantic City. The IRS thought that the couple were winners; the couple alleged that they lost. What would the Tax Court say? Terri and Austin … Continue reading →

Posted in Gambling | Comments Off on Why You Keep a Gambling Log