Author Archives: Russ

Proposition 82 Soundly Defeated

Proposition 82, the mandatory preschool/tax increase/help Las Vegas, Phoenix, and Denver initiative, fell to defeat yesterday. With almost every precinct reporting, 39.1% favored the proposition, but 60.9% opposed it. Californians even defeated a library bond initiative, 53.1% to 46.9%. That’s … Continue reading

Posted in California | Tagged | Comments Off on Proposition 82 Soundly Defeated

Surf’s Down

I have a number of clients who receive income from outside of the United States. I’ve advised my clients that the US Tax Code is quite clear—income from all sources, legal or illegal, from within the United States or from … Continue reading

Posted in Tax Evasion | Comments Off on Surf’s Down

What In the World Does the IMF Have to Do with Taxes?

No, I’m not talking about the Impossible Missions Force. I’m speaking about…well, to be honest, a lot of nothing. But several charlatans have been promoting an “IMF Decoding Service.” Indeed, if you do a search on Google or some other … Continue reading

Posted in IRS | Comments Off on What In the World Does the IMF Have to Do with Taxes?

Field Poll Says Prop 82 Now Trailing

Proposition 82, the pre-school for all, tax the wealthy, help Las Vegas, Phoenix, and Denver initiative, now trails, according to a Field Poll just released. For those, like me, who are against the initiative, vigilance is still required. Democrats are … Continue reading

Posted in California | Tagged | Comments Off on Field Poll Says Prop 82 Now Trailing

2005 Tax Offender of the Year Sentenced

For those who don’t remember, we had a long list of participants to choose from for the 2005 Tax Offender of the Year. Our lucky winner, Sharon Lee Caulder, formerly of New Orleans, recently of Oakland, and soon to be … Continue reading

Posted in Tax Evasion | Tagged | Comments Off on 2005 Tax Offender of the Year Sentenced

Have Californians Wised Up?

Proposition 82, the free preschool, tax increase, Help Las Vegas, Phoenix, and Denver Initiative, may now be trailing in polls. While no new polls have been released publicly, Bill Bradley of LA Weekly notes in a recent column that support … Continue reading

Posted in California | Tagged | Comments Off on Have Californians Wised Up?

The IRS Give Single Member S Corps a Lump of Coal

The IRS announced today a “clarification” of the rules for self-employed health insurance deductions for S Corporations. This is bad news overall, and especially bad news for California S Corporations. The self-employed health insurance deduction allows sole proprietorships, partnerships, LLCs … Continue reading

Posted in IRS | Comments Off on The IRS Give Single Member S Corps a Lump of Coal

US: In the Middle

Forbes magazine recently presented its annual comparison of taxes in the US to the world. So where does the US rank? More or less, in the middle. Of course, that depends on what state you reside in. The comparison looked … Continue reading

Posted in Legislation | Comments Off on US: In the Middle

The Spanish-American War Officially Ends!

And you thought that the Treaty of Paris (signed on December 10, 1898) ended the Spanish-American War. No! It ended today, May 25, 2006, when the Department of the Treasury announced that they will no longer fight for enforcement of … Continue reading

Posted in IRS | Tagged | Comments Off on The Spanish-American War Officially Ends!

Proposition 82: Be Scared. Be Very Scared.

Proposition 82, the Mandatory Preschool/Tax Increase/Help Las Vegas, Phoenix, and Denver Initiative, still leads in the polls. However, the last statewide poll was released over a month ago. Unfortunately for all Californians, the primary election on June 6th is dominated … Continue reading

Posted in California | Tagged | Comments Off on Proposition 82: Be Scared. Be Very Scared.