Category Archives: IRS

Two Casino Chip Theft Cases, Two Arrests (Illegal Income Primer)

Posted on February 8, 2011 by Russ

When I learned math, I learned that 1 times any number is that other number, and that 0 times any number is 0. So if I steal 400,000,000,000 play money poker chips (each can be converted to absolutely nothing), I’ve … Continue reading →

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How to be a Receptionist Without Trying at All

Posted on February 4, 2011 by Russ

I’m happy doing what I do. As my brother says, someone’s got to enjoy preparing tax returns. One thing that I’m not, though, is a receptionist. Neither is one Bakersfield woman. However, Bakersfield tax preparer Bertha Vaughn listed her as … Continue reading →

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IRS Street Addresses

Posted on January 21, 2011 by Russ

Most taxpayers use the Postal Service to send their returns to the IRS. However, you can use Federal Express or UPS. The problem is the IRS hides the street addresses of their service centers on their website if you need … Continue reading →

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Valentine Love from the IRS

Posted on January 20, 2011 by Russ

The IRS has announced that the date that taxpayers with itemized deductions, education expenses, or any of the other impacted forms (forms that were not being processed due to the need to reprogram the IRS’ computers) will be able to … Continue reading →

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Last Estimated Payment for 2010 Due

Posted on January 18, 2011 by Russ

No more R&R for me — back to the real world rather than a beach in the Caribbean. And nothing brings you back to reality like a little estimated tax. The fourth quarter 2010 payment is due on January 18th. … Continue reading →

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Who Needs to Stop Prisoner Tax Fraud?

Posted on January 5, 2011 by Russ

Via Joe Kristan this morning comes word that the IRS is spending millions to regulate law-abiding tax professionals, but is doing very little to stop tax fraud by prisoners. You are forcing practitioners to spend millions of dollars and hours … Continue reading →

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Three Extra Days: Federal Tax Day Will be April 18, 2011

Posted on December 25, 2010 by Russ

When Congress wrote the law giving the deadline for taxes, they stated that it would be the 15th day of the fourth month following year-end, unless that day is a holiday in the District of Columbia. Back when that law … Continue reading →

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Many Tax Returns Won’t be Able to be Filed Until Late February

Posted on December 25, 2010 by Russ

Do you itemize your deductions? Do you take the Tuition and Fees Deduction? If you take those are several other deductions and credits you will not be able to file your tax return until mid to late February. Why? Because … Continue reading →

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Compromise Reached on Taxes; Will It Pass Congress?

Posted on December 7, 2010 by Russ

Senate negotiators and President Obama reached an agreement on temporarily extending the Bush Tax Cuts for two years. Included with this will be two years of a $5 million estate tax exclusion with estates over this amount taxed at 35%. … Continue reading →

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IRSAC Issues 2010 Recommendations; Will Sanity In FBARs Advance?

Posted on November 18, 2010 by Russ

The Internal Revenue Service Advisory Council (IRSAC) issued their 2010 report. The report includes 23 recommendations to the IRS (and Congress, I suppose). The entire report is worth perusing. I’m going to focus on just one item of the 23 … Continue reading →

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