Author Archives: Russ

Nominations Due for 2014 Tax Offender of the Year

Posted on December 23, 2014 by Russ

With just about one week prior to the end of 2014, it’s time for a final reminder to submit nominations for the Tax Offender of the Year. To be considered for the Tax Offender of the Year award, the individual … Continue reading →

Posted in Taxable Talk | Tagged | 1 Comment

Business Efiling Annual Shutdown on Friday

Posted on December 23, 2014 by Russ

The IRS will begin its annual business electronic filing shutdown on Friday, December 26th. This shutdown enables the IRS to add the new year (2014) tax products for business electronic filing. I’d expect business efiling to resume in mid to … Continue reading →

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Tax Extenders Signed Into Law

Posted on December 21, 2014 by Russ

President Obama signed legislation that extended for one year the “Tax Extenders.” Tax Extenders include items such as the deduction for sales tax, mortgage/cancellation of debt tax relief, “bonus” depreciation, and many others. As the legislation didn’t have much in … Continue reading →

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Vacation

Posted on December 5, 2014 by Russ

It’s time for my annual winter vacation. I will not be posting until I return. While I’m away, enjoy the fine bloggers listed in the blogroll on the right. I’ll be back on Tuesday, December 23rd.

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Speaking of Efficiency

Posted on December 5, 2014 by Russ

I do know how we can improve the Tax Code: Force Congresscritters to do their own taxes. I have an instructive vignette on why this is the case. A friend of mine was hired by a major tax software company … Continue reading →

Posted in Legislation | 1 Comment

A Rare Piece of Efficiency from the IRS

Posted on December 2, 2014 by Russ

We have to take our victories in dealing with the IRS where we find them. As an Enrolled Agent, every three years I have to renew my license. I go online, check various boxes, note the continuing education I’ve taken, … Continue reading →

Posted in IRS | 2 Comments

Mundane Tax Fraud Downs Friend of Cicero Town President

Posted on December 1, 2014 by Russ

George Hunter will likely be going to ClubFed. He pleaded guilty today to two counts of tax evasion. Mr. Hunter’s company received $1.8 million in two years from Cicero…without a contract. Mr. Hunter is friends with Larry Dominick, the Ton … Continue reading →

Posted in Illinois | 2 Comments

A Ship Over Troubled Waters Sinks Leeds’ Cellino For Now

Posted on December 1, 2014 by Russ

From the Sport (not Sports) page of the Telegraph and the BBC we find that Leeds beat league-leading Derby two to nil in football (or soccer for us colonials). Derby manager Steve McClaren was quoted by the BBC: “It’s just … Continue reading →

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As God as my Witness, I Thought Turkeys Could Fly

Posted on November 26, 2014 by Russ

Have a Happy Thanksgiving everyone:

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One Ringy Dingy, Two Ringy Dingies…

Posted on November 25, 2014 by Russ

…2400 Ringy Dingies. Yes, I was on hold for two hours today on the IRS Practitioner Priority Service before my call was picked up. It’s November–not a high time for calling the IRS–but add the combination of the IRS Centralized … Continue reading →

Posted in Uncategorized | 2 Comments