Author Archives: Russ

T-Day

Posted on April 17, 2006 by Russ

Today is the deadline. You have until midnight tonight to file your taxes. The question were asked every year (usually around 9pm) is, “We just realized that we need to file our taxes…What do we do?” The answer is to … Continue reading →

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Facing the Music

Posted on April 13, 2006 by Russ

Last October, I inched my way towards the 21st Century and bought an iPod. I find it wonderful, because when I’m at the gym I can listen to music that I like, not the techno-garbage that my gym plays. iPods … Continue reading →

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PayPal Users Better Watch Out

Posted on April 12, 2006 by Russ

The digital age has spawned numerous successful companies and industries. One industry that did not exist ten years ago is online auctions, such as those on eBay. A company that sprung up to facilitate payment transfers for eBay is PayPal. … Continue reading →

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It’s Time To Vote (Again)

Posted on April 11, 2006 by Russ

Tuesday, April 11th is election day in Orange County. If you live in the 35th State Senatorial district, you will vote on the replacement for John Campbell. You can find your polling place here. Remember to vote!

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A Scam a Day Keeps the Doctor Away

Posted on April 10, 2006 by Russ

One of my clients today asked me about reporting of offshore (foreign) bank accounts. I reminded him that if you have $10,000 or more at any time in a foreign bank account or accounts, they must be reported by checking … Continue reading →

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Nevada Ups the Ante

Posted on April 10, 2006 by Russ

As I perused this morning’s Orange County Register, I was surprised to see the Nevada Development Authority advertising in the Register. You can find the ad on page 7 of the business section. It reads: “California Business Profits After: Worker’s … Continue reading →

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One Week To T-Day

Posted on April 9, 2006 by Russ

Tax Day is Monday, April 17th…except for some municipal taxes in Ohio that are still due on April 15th. So, at this late date, what can you do to lower your taxes? 1. Make a contribution to an IRA, if … Continue reading →

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Pork

Posted on April 6, 2006 by Russ

A man condemning the income tax because of the annoyance it gives him or the expense it puts him to is merely a dog baring its teeth, and he forfeits the privileges of civilized discourse. But it is permissible to … Continue reading →

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No Joy In Toyland

Posted on April 6, 2006 by Russ

Toys “R” Us operates in California and, of course, pays California taxes. California uses a three-part allocation formula based on unitary taxation to determine how much a corporation operating in multiple states must pay. Toys “R” Us came to the … Continue reading →

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Being In Jail Is a Good Excuse

Posted on April 5, 2006 by Russ

The IRS wants to place a levy or a lien against you. The IRS says they mailed the notice, but it ended up at the wrong prison (you were in Attica, but the letter was sent to Gowanda; both are … Continue reading →

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