Category Archives: Nevada

Bozo Tax Tip #9: Nevada Corporations

Posted on April 3, 2018 by Russ

As we continue with our Bozo Tax Tips–things you absolutely, positively shouldn’t do but somewhere someone will try anyway–it’s time for an old favorite. Given the business and regulatory climate in California, lots of businesses are trying to escape taxes … Continue reading →

Posted in California, Nevada | Tagged | Comments Off on Bozo Tax Tip #9: Nevada Corporations

Bozo Tax Tip #7: Nevada Corporations

Posted on April 5, 2017 by Russ

As we continue with our Bozo Tax Tips–things you absolutely, positively shouldn’t do but somewhere someone will try anyway–it’s time for an old favorite. Given the business and regulatory climate in California, lots of businesses are trying to escape taxes … Continue reading →

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

Kiplinger’s Tax Friendly and Tax Unfriendly States: No Surprises

Posted on August 27, 2016 by Russ

Kiplinger released its list of the tax friendly and least tax-friendly states in the US. There really aren’t any surprises: Here are the bottom ten: 1. California 2. Hawaii 3. Connecticut 4. New York 5. New Jersey 6. Minnesota 7. … Continue reading →

Posted in California, Nevada | Comments Off on Kiplinger’s Tax Friendly and Tax Unfriendly States: No Surprises

Nevada Commerce Tax Filing Deadline Is Monday

Posted on August 11, 2016 by Russ

The deadline for filing Nevada Commerce Tax returns is Monday, August 15th. The tax is a modified gross receipts tax on businesses with more than $4 million of Nevada gross receipts. However, all Nevada businesses must file the returns. Impacted … Continue reading →

Posted in Nevada | Tagged | Comments Off on Nevada Commerce Tax Filing Deadline Is Monday

Yes, Two States Rank Lower than California

Posted on November 17, 2015 by Russ

It’s not all bad news in the Tax Foundation’s 2016 State Business Tax Climate Index for California. You could always be in New York or New Jersey. Still, it’s better to be elsewhere. Two excerpts from the article note why … Continue reading →

Posted in California, Nevada, New Jersey, New York | 1 Comment

Are Turf Rebates Taxable?

Posted on September 23, 2015 by Russ

The Los Angeles Times has an article asking this question. Because of the drought in California, the Metropolitan Water District had a $340 million incentive program so that homeowners would replace grass (which takes a lot of water) with bark, … Continue reading →

Posted in California, Nevada | 23 Comments

Kiplinger’s Tax-Friendly and Least Tax-Friendly States: Bring Me (Mostly) the Usual Suspects

Posted on September 21, 2015 by Russ

Kiplinger has come out with their list of most tax-friendly and least tax-friendly states. There aren’t many surprises on the list, and readers of this blog definitely won’t be shocked with the least friendly state. The most friendly state was … Continue reading →

Posted in California, Delaware, Nevada | Tagged | 1 Comment

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

Bozo Tax Tip #6: Nevada Corporations

Posted on April 5, 2015 by Russ

As we continue with our Bozo Tax Tips–things you absolutely, positively shouldn’t do but somewhere someone will try anyway–it’s time for an old favorite. Given the business and regulatory climate in California, lots of businesses are trying to escape taxes … Continue reading →

Posted in California, Nevada | 1 Comment

Semenza Gets 18 Months

Posted on January 16, 2015 by Russ

Last year I wrote about Lawrence Semenza. Mr. Semenza with the US Attorney for Nevada back in the 1970s. He was the youngest US Attorney at that time and has had a long and successful career since as a defense … Continue reading →

Posted in Nevada, Tax Evasion | Tagged | Comments Off on Semenza Gets 18 Months