Author Archives: Russ

We’ve Moved, Sort of…

Posted on July 14, 2006 by Russ

Our blog host has switched servers, so it will take about 72 hours for this change to move through the Internet. If you’ve gotten a “403” error when you attempted to see us, we apologize for the inconvenience. Rest assured, … Continue reading →

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Traveling

Posted on July 6, 2006 by Russ

I will be traveling over the next few days on business, and postings will be limited until next Wednesday or Thursday. Take a look at some of the other excellent tax blogs noted in the blogroll to the right.

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A Dinosaur Won’t Help (Nor Will Phony Trusts)

Posted on July 6, 2006 by Russ

If all we had to do to avoid paying taxes was form our own church, with just our own family as the congregation, wouldn’t we do it? And if we could just declare that John and Jane form a “trust” … Continue reading →

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New Jersey Has Its Budget

Posted on July 6, 2006 by Russ

New Jersey legislators and Governor Jon Corzine agreed on a budget deal today. The deal includes the sales tax increase from 6% to 7%, but with half the proceeds of the increase being used to reduce property taxes this year … Continue reading →

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What Not to Do In a Crisis

Posted on July 4, 2006 by Russ

Assume you run an organization, and you discover that your revenues (income) are being exceeded by your expenses. What would you do? Would you, (a) Immediately close down your sixth largest source of income, (b) Close down your fourth and … Continue reading →

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Corzine Shuts Down New Jersey

Posted on July 2, 2006 by Russ

Democratic Governor Jon Corzine ordered all nonessential New Jersey government offices to close, and road construction projects, motor vehicle offices, and the state lottery all went dark. Governor Corzine wants an increase in the state sales tax of 1%; the … Continue reading →

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There’s Still the Old Black & White TV

Posted on June 29, 2006 by Russ

In the United States, when you’re accused of tax evasion you have lots of legal recourse, including fighting the charges within the IRS’ appeals process, and then Tax Court. However, in Argentina it appears things work differently. Just two days … Continue reading →

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Pimp Tax

Posted on June 27, 2006 by Russ

Senator Charles Grassley (R-Iowa) has proposed making some tax crimes felonies if the underlying issue is a pimp or sex trafficker who fails to file employment tax forms. The penalties would be a 10-year prison sentence and a $50,000 fine … Continue reading →

Posted in Legislation | 4 Comments

It’s Unfair, but Tough

Posted on June 27, 2006 by Russ

Today the Tax Court decided two cases where the Court basically said, you’re right, the law is unfair, but tough—you have to obey it. The first case involves a gambler who wanted to net her wins and losses. If you’re … Continue reading →

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Payroll Processing Follies

Posted on June 27, 2006 by Russ

There’s one task that I insist that my business clients do not perform themselves: payroll processing. Given the penalties and legal liability issues, I urge them to go with an extremely reputable company. There are several that do an excellent … Continue reading →

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