Categories
- Alabama
- Alaska
- Arizona
- Arkansas
- BEA
- Books
- California
- Canada
- Colorado
- Connecticut
- Cryptocurrencies
- Delaware
- District of Columbia
- Entity Formation
- Estate Tax
- Federal Budgeting
- FINCEN
- Florida
- Gambling
- Georgia
- Gift Tax
- Hawaii
- Illinois
- Indiana
- Information Returns
- International
- Iowa
- IRS
- Irvine
- Kansas
- Katrina
- Kentucky
- Las Vegas
- Legislation
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Orange County
- Oregon
- Payroll
- Payroll Taxes
- Pennsylvania
- Pensions
- Property Taxes
- Recordkeeping
- Rhode Island
- S Corporation
- Sales Tax
- SBA
- Scams
- Self Employment Tax
- South Carolina
- South Dakota
- Supreme Court
- Tax Court
- Tax Evasion
- Tax Fraud
- Tax Gifts
- Tax Preparation
- Taxable Talk
- Tennessee
- Texas
- Uncategorized
- Utah
- Vermont
- Virginia
- Washington State
- West Virginia
- Wisconsin
- Wyoming
Contact
Archives
Tax Blogs
- Dinesen Tax Times
- Don't Mess with Taxes
- EideBailly Tax News & Views
- Federal Tax Crimes
- Kelly Phillips Erb (Taxgirl)
- MauledAgain
- Peter Reilly
- Phil Hodgen Tax Law Blog
- Procedurally Taxing
- Tax Analysts Blog
- Tax Policy Blog (Tax Foundation)
- TaxProf Blog
- TaxVox Blog
- The Tax Guru
- The Wandering Tax Pro
- Tony Nitti on Forbes
Political Blogs
Tax Agencies
- California Department of Taxes and Fee Administration
- California Employment Development Dept.
- California Franchise Tax Board
- City of Las Vegas Business Licenses
- Clark County Business Licenses
- Henderson Business Licenses
- IRS
- Nevada Department of Employment, Training and Rehabilitation
- Nevada Department of Taxation
- North Las Vegas Business Licenses
Memberships
Other Links
Meta
-
Note: All Content is Copyright © 2005 – 2026 by Clayton Financial and Tax LLC.
-
Category Archives: IRS
Bozo Tax Tip #2: The Eternal Hobby Loss
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
Bozo Tax Tip #3: Foreign Trusts
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
Bozo Tax Tip #5: Procrastinate!
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
Bozo Tax Tip #6: Declare More Income Than You Earned!
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
Posted in IRS
Tagged BozoTaxTips
Comments Off on Bozo Tax Tip #6: Declare More Income Than You Earned!
Bozo Tax Tip #7: Honey, You Don’t Exist!
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
Bozo Tax Tip #10: Email You Social Security Number, ITIN, or EIN!
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
Posted in IRS
Tagged BozoTaxTips
Comments Off on Bozo Tax Tip #10: Email You Social Security Number, ITIN, or EIN!
How Many Months Are There in a Year?
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?
Personal Tax Return Filings to Begin on January 27th
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 2025.Tax.Season
Comments Off on Personal Tax Return Filings to Begin on January 27th
The 2024 Tax Offender of the Year
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 TaxOffenderOfTheYear
Comments Off on The 2024 Tax Offender of the Year
IRS Announces 2025 Standard Mileage Rates
The IRS announced the 2025 standard mileage rates today. The new rates are: $0.70/mile for business use (up from $0.67/mile in 2024); $0.21/mile for medical purposes; $0.21/mile for moving for members of the Armed Forces; and $0.14/mile for charitable mileage. … Continue reading