Author Archives: Russ

Washington 3, Indians 0

The Tax Court today looked at three cases where Native Americans claimed that they did not owe income tax because they’re Native Americans. Section 1 of the Tax Code states that all income is taxable. As the Court noted, “Native … Continue reading

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Youngstown, California

My writing partner lives in Youngstown, Ohio. The last time I checked a map it was over 2000 miles from the Bronze Golden State. However, the Board of Equalization must look at different maps. According to this column in the … Continue reading

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IRS Fresno Wrongly Denied Extensions

According to the Fresno IRS Service Center, around 40,000 to 50,000 extensions filed using Form 4868 were wrongly denied at the Fresno IRS campus. Most of the forms were transmitted in bulk via paid preparers. The IRS is now notifying … Continue reading

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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

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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

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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

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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

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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

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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

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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

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