Category Archives: IRS

Corporate Filing Deadline Tuesday

Posted on March 14, 2011 by Russ

The deadline for calendar year corporations to file their federal (and most state) tax returns is Tuesday, March 15th. This applies to both C-Corporations (filing Form 1120) and S-Corporations (filing Form 1120S). If you’re not ready to file, avoid penalties, … Continue reading →

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More Trouble for Marijuana Dispensaries from the IRS

Posted on March 14, 2011 by Russ

Back in 2007, the Tax Court ruled that a non-profit that supplied medical marijuana to terminally ill patients could not deduct business expenses related to that activity but could deduct the expenses related to their counseling and caregiving activities. It … Continue reading →

Posted in California, IRS | Tagged | 1 Comment

IRS Publishes Annual List of Frivolous Tax Arguments

Posted on March 7, 2011 by Russ

As many times as I say don’t submit a frivolous tax argument to the IRS, some Bozo will do so. For those Bozos who want to try something new, the IRS has kindly published its list of frivolous tax arguments … Continue reading →

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FBARs No Longer Required for Poker Accounts

Posted on February 24, 2011 by Russ

The Financial Crimes Enforcement Network (FINCEN) published revised regulations for the Report of Foreign Bank and Financial Accounts (FBAR) in the Federal Register today. Poker accounts were reportable because they were pooled accounts with the money held in one central … Continue reading →

Posted in Gambling, IRS | Tagged | 9 Comments

Hint: If There’s a Chance You’ll be Arrested, Don’t Change Planes in the U.S.

Posted on February 24, 2011 by Russ

A few years ago, David Carruthers, a citizen of the United Kingdom, needed to get to San Jose, Costa Rica from London. He booked a flight through Dallas-Fort Worth. That was a mistake, as Mr. Carruthers was an executive for … Continue reading →

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No Valentine’s Love from the IRS

Posted on February 14, 2011 by Russ

When the IRS announced that they will begin accepting all tax returns for processing on February 14th, I called it a bit of Valentine’s love. No more, though. I received a notification from my software vendor that the IRS will … Continue reading →

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Unlearning the Income Tax: Another Journey to Frivolity

Posted on February 8, 2011 by Russ

About once a year I decide to post about the newest Bozo scheme to get out of the income tax. It’s that time again: Today, we learn about the Institute for Unlearning. Yes, that’s a real website and its proprietor, … Continue reading →

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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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