Author Archives: Russ

Remember…

Posted on September 11, 2006 by Russ

Today is the fifth anniversary of 9/11. Remember those who serve our country in the Armed Forces. Remember those who have given their lives fighting a tyrannical foe over the last five years. Remember those who lost their lives on … Continue reading →

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“The U.S. Marines Couldn’t Keep Me Away”

Posted on September 10, 2006 by Russ

So said Conrad Black, also known as Lord Black of Crossharbour. Lord Black waived extradition from Canada (his native home) or Great Britain (where he is a Lord) and will face a March 2007 trial on fraud, racketeering, and tax … Continue reading →

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How to be a Millionaire, Illegal Style

Posted on September 10, 2006 by Russ

There are lots of ways to become a millionaire. You can build a successful business, have real estate appreciate, and of course inherit money. You can win the lottery. Or you can do it illegally. One way is to collect … Continue reading →

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Largest Tax Fraud Case In US History

Posted on September 8, 2006 by Russ

Walter Anderson, a former telecommunications executive, pleaded guilty to evading $200 million in taxes today. Anderson had apparently hid $450 million in offshore bank accounts in the Channel Islands and elsewhere. In the not-so-brilliant category, investigators found a copy of … Continue reading →

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Telephone Tax Refunds

Posted on September 6, 2006 by Russ

As mentioned earlier, 2006 saw the end of the Spanish-American War (of 1898)…well, the funding for the war. The telephone excise tax, a “luxury” tax, has ended for most services. Taxpayers will receive refunds with their 2007 tax returns. The … Continue reading →

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Crime Didn’t Pay…

Posted on September 4, 2006 by Russ

…for these individuals. First up is Minish Mehta of South San Francisco. He’ll be spending 15 months at ClubFed. He ran a number of Bay Area parking lots and had a unique method of dealing with the cash collected. If … Continue reading →

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Gratuity Included

Posted on September 3, 2006 by Russ

An interesting story from Las Vegas: It seems that there’s a problem with tips, and tip reporting, in Sin City. The American Gaming Association is very unhappy about the IRS’ enforcement of the voluntary tip program. This program allows workers … Continue reading →

Posted in Gambling, IRS | 1 Comment

IRS 2006-2007 Priority Guidance Plan Released; Poker Still in the Crosshairs

Posted on August 30, 2006 by Russ

The IRS released its 2006-2007 Priority Guidance Plan earlier this month. There are 264 projects listed. Some of the projects include: Regulations to facilitate electronic filing and reduce taxpayer burden [for corporations]. Temporary regulations were published on May 30, 2006. … Continue reading →

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New Jersey: We’re Number One!

Posted on August 29, 2006 by Russ

With the college football season beginning this weekend, and with pro football starting just one week later, it’s time to root for your favorite team(s). Residents of New Jersey have gotten a head start—the National Conference of State Legislators has … Continue reading →

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The Early Bird Doesn’t Always Catch the Worm

Posted on August 28, 2006 by Russ

A fascinating case came out of the Tax Court today. Being late when you file a challenge is never a good idea; in almost all cases, your filing can be thrown out. But what happens if you file too early? … Continue reading →

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