Category Archives: IRS

IRS Closes Cincinnati Lockboxes; New Addresses In Effect Immediately

Posted on August 24, 2025 by Russ

Last week, the IRS released Publication 3891.  This publication lists out where to mail paper-filed returns and payments for the 2026 tax year.  Currently, Nevadans mail many IRS payments to addresses in Cincinnati, but not anymore.  Spidell reports that the … Continue reading →

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A February 17th Start to Tax Filing Next Year?

Posted on August 3, 2025 by Russ

Yes, we’re looking at a late start to Tax Season next year.  New IRS Commissioner Billy Long said at the recent National Association of Enrolled Agents (NAEA) annual meeting (per a friend’s email–I did not attend) that the IRS expects … Continue reading →

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Bozo Tax Tip #1: Not Remitting Payroll Taxes

Posted on April 11, 2025 by Russ

A couple of years ago, I received a visit from a member of the IRS’s Criminal Investigation unit.  It turns out a client, call him Larry, had worked for a company that decided to not remit payroll taxes.  The loss … Continue reading →

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Bozo Tax Tip #2: The Eternal Hobby Loss

Posted on April 10, 2025 by Russ

The goal of must businesses is to make money. There aren’t many businesses that can lose on each sale and make it up in volume. In fact, I don’t know of any. But I digress…. So let’s take Sam and … Continue reading →

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Bozo Tax Tip #3: Foreign Trusts

Posted on April 9, 2025 by Russ

By far the worst tax schemes in the view of the IRS are offshore (foreign) trusts. In fact, trusts of all sorts—domestic and foreign—are regularly abused. First, not all trusts are bad. Many trusts serve a legitimate purpose, such as … Continue reading →

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Bozo Tax Tip #5: Procrastinate!

Posted on April 7, 2025 by Russ

Today is April 7th. The tax deadline is just eight days away. What happens if you wake up and it’s April 15, 2025, and you can’t file your tax? File an extension. Download Form 4868, make an estimate of what … Continue reading →

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Bozo Tax Tip #6: Declare More Income Than You Earned!

Posted on April 4, 2025 by Russ

Why in the world would anyone of sound mind and body declare more income than they actually earned? He or she would owe more tax, so there’s no reason to do this, right? No, there are actually two reasons people … Continue reading →

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Bozo Tax Tip #7: Honey, You Don’t Exist!

Posted on April 3, 2025 by Russ

Last week, I finished the tax return of a long-time client (call him John Smith).  We were on the phone reviewing his return and he mentioned his wife.  He was filing his 2024 tax return as “Single.”  After I congratulated … Continue reading →

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Bozo Tax Tip #10: Email You Social Security Number, ITIN, or EIN!

Posted on March 31, 2025 by Russ

It’s time for our annual rundown of Bozo Tax Tips, strategies that you really, really, really shouldn’t try. But somewhere, somehow, someone will try these. Don’t say I didn’t warn you! This is a repeat for the twelfth year in … Continue reading →

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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 →

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