Author Archives: Russ

20 Years Ago Today…

Posted on February 9, 2025 by Russ

…I started this blog.  I was a resident of Irvine, California back then.  It’s been an interesting 20 years. I have no idea what the next 20 years will bring.  If you told me in 2005 that within 20 years … Continue reading →

Posted in Taxable Talk | Comments Off on 20 Years Ago Today…

How Many Months Are There in a Year?

Posted on February 5, 2025 by Russ

When you were a child you learned that a minute has 60 seconds, an hour has 60 minutes, a day has 24 hours, a month has 28 to 31 days, and that there are 12 months in a year.  Believe … Continue reading →

Posted in International, IRS | Comments Off on How Many Months Are There in a Year?

BOI Reporting: It’s Back (soon?)!

Posted on January 23, 2025 by Russ

The US Supreme Court removed the stay that the 5th Circuit Court of Appeals had removed (after putting it on) that stayed enforcement of the Corporate Transparency Act that required Beneficial Ownership Information reporting. This means that if you have … Continue reading →

Posted in FINCEN | Tagged | Comments Off on BOI Reporting: It’s Back (soon?)!

Supreme Court Litigator, High-Stakes Poker Player, and Tax Felon?

Posted on January 17, 2025 by Russ

This morning, a friend texted me, “Russ, you MUST read this!” with a link to this story about Supreme Court litigator Tom Goldstein.  Mr. Goldstein was indicted on numerous tax-related charged regarding how he handled his high-stakes poker playing. Mr. … Continue reading →

Posted in Gambling, Tax Evasion, Tax Fraud | Tagged | Comments Off on Supreme Court Litigator, High-Stakes Poker Player, and Tax Felon?

IRS Extends California Fire Disaster Area Deadlines Until October 15th

Posted on January 10, 2025 by Russ

The IRS announced this afternoon that taxpayers in Los Angeles County impacted by the current wildfires have all tax deadlines extended until October 15th. This includes: Individual and C-Corporation Tax Returns (and payments of tax) due on April 15th; Partnership … Continue reading →

Posted in California | Tagged , | Comments Off on IRS Extends California Fire Disaster Area Deadlines Until October 15th

Personal Tax Return Filings to Begin on January 27th

Posted on January 10, 2025 by Russ

The IRS announced today that, as expected, efiling of tax returns will begin on Monday, January 27th.  Individual tax returns are due on Tuesday, April 15th. We strongly advise efiling your tax returns (if possible), and we also strongly advise … Continue reading →

Posted in IRS | Tagged | Comments Off on Personal Tax Return Filings to Begin on January 27th

New Jersey Division of Taxation Wishes to Add More Identity Theft

Posted on January 8, 2025 by Russ

One of our clients received a notice from the New Jersey Division of Taxation asking for additional documentation for a previously filed tax return (copies of W-2s, 1099s, and the federal tax return).  New Jersey gave two options for responding: … Continue reading →

Posted in New Jersey | Comments Off on New Jersey Division of Taxation Wishes to Add More Identity Theft

The 2024 Tax Offender of the Year

Posted on December 30, 2024 by Russ

One year, perhaps, there won’t be so many nominees for my annual Tax Offender of the Year award…but this isn’t the year.  We even have a repeat nominee (and I strongly considered giving that nominee the award).  As a reminder, … Continue reading →

Posted in IRS, Tax Fraud | Tagged | Comments Off on The 2024 Tax Offender of the Year

I’m Not Making This Up: BOI Is Stayed Again

Posted on December 26, 2024 by Russ

I swear I’m not making this up: Tonight, the 5th Circuit Court of Appeals has reversed the previous ruling, and once again the Beneficial Ownership Information (BOI) reporting requirements of the Corporate Transparency Act (CTA) are again stayed nationally. This … Continue reading →

Posted in FINCEN | Tagged | Comments Off on I’m Not Making This Up: BOI Is Stayed Again

5th Circuit Court of Appeals Stays BOI/CTA Injunction; BOI Reports Again Due January 1, 2025

Posted on December 23, 2024 by Russ

Today, the 5th Circuit Court of Appeals stayed the previous ruling putting a nationwide injunction against the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting.  This ruling can be appealed by the plaintiffs to the Supreme Court, but it’s … Continue reading →

Posted in FINCEN | Tagged | Comments Off on 5th Circuit Court of Appeals Stays BOI/CTA Injunction; BOI Reports Again Due January 1, 2025