Category Archives: Florida

Bozo Tax Tip #5: Ignoring California

Posted on April 6, 2015 by Russ

Perhaps I should call this Bozo Tax Tip “Forming a California Trust.” Why? Let me explain. Let’s assume John and Jane, two California residents, form a trust to benefit their children, Ann and Bob. Ann lives in Florida; Bob resides … Continue reading →

Posted in California, Florida, Nevada | 1 Comment

“Ripping Off Your Refunds” In the Miami Herald

Posted on February 22, 2015 by Russ

There is an excellent article in the Miami Herald on the identity theft tax fraud crisis. The epicenter of this is South Florida (as noted in the article). I don’t have much to add to the frustrations of victims with … Continue reading →

Posted in Florida, Tax Fraud | Tagged | 1 Comment

Is a “Dealer Add-On” a Tip or a House Fee?

Posted on August 10, 2014 by Russ

Poker dealers are paid a low hourly wage; they make most of their money from gratuities (tips) from players. Those tips are, of course, taxable. In a poker tournament, dealers also receive tips. Some come from the prize pool while … Continue reading →

Posted in Florida, Gambling | Comments Off on Is a “Dealer Add-On” a Tip or a House Fee?

Bozo Tax Tip #7: Ignoring California

Posted on April 3, 2014 by Russ

Yesterday I looked at the idea of forming a Nevada Corporation while in California and being able to avoid California taxes. It doesn’t work. Today’s focus is on something that comes up now and then and applies to trusts. Let’s … Continue reading →

Posted in California, Florida, Nevada | Tagged | Comments Off on Bozo Tax Tip #7: Ignoring California

1700 Miles and a 7% Difference

Posted on April 28, 2013 by Russ

One of the most difficult things to explain to a non-tax practitioner is the tax concept of domicile. For most individuals, your domicile is your residence. I reside in Las Vegas, Nevada. It’s my only home. In my case, my … Continue reading →

Posted in Florida, Minnesota | 3 Comments

“First Lady” of Tax Fraud Indicted for Fraud

Posted on December 20, 2012 by Russ

We have a late entry for the 2012 Tax Offender of the Year. Rashia Wilson bragged on her Facebook page, something that many individuals do. But it’s what she said that likely got her in trouble. According to the Tampa … Continue reading →

Posted in Florida, Tax Fraud | Tagged | 1 Comment

I’m Shocked to Find That People Move from High-Tax States to Low-Tax States

Posted on June 3, 2012 by Russ

Well, not really. This post by the Tax Foundation notes that New Yorkers are finding other states, such as Florida, far less taxing and are relocating there. The story references the New York Post; that newspaper ran a story noting … Continue reading →

Posted in California, Florida, New Mexico | Comments Off on I’m Shocked to Find That People Move from High-Tax States to Low-Tax States

Another Survey, Another Bad Result for California

Posted on May 30, 2012 by Russ

Yet another survey puts California among the worst three states from a tax perspective. Alvarez & Marsal Taxand, a consulting and tax advisory firm, surveyed 800 financial executives (302 responded). Among the questions asked was Which states do you view … Continue reading →

Posted in California, Florida, Nevada, New Jersey, New York, Texas | Comments Off on Another Survey, Another Bad Result for California

Miccosukees Definitely in the Running for Tax Offender of the Year

Posted on May 22, 2012 by Russ

When I last reported on the Miccosukees (a South Florida Indian tribe that runs a casino), the tribe decided to apparently ignore the advice of their then-attorney and not withhold taxes on earnings of their members. They now have been … Continue reading →

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Eight Sacked, Including Two from the NFL

Posted on May 1, 2012 by Russ

The storefront in North Miami cashed checks. There’s nothing that unusual in that. However, there were two major differences between the storefront in Miami and most check cashing locations: The store charged very high fees (35%-45%) but didn’t ask questions … Continue reading →

Posted in Florida, IRS | Tagged | 3 Comments