Category Archives: Ohio

Bad States for Gamblers

Posted on October 22, 2012 by Russ

It’s been a while since I’ve listed out the bad states for gamblers. Here’s an updated list. Make sure you read the notes because while all of these states have tax systems that are problematic for gamblers, some impact amateurs … Continue reading →

Posted in Connecticut, Gambling, Hawaii, Illinois, Indiana, Massachusetts, Michigan, Minnesota, Mississippi, New York, Ohio, Washington State, West Virginia, Wisconsin | 1 Comment

Ohio Gamblers: Don’t Forget Your City Income Tax

Posted on August 26, 2012 by Russ

Ohio has (or will soon have) four casinos: one in each of Cincinnati, Cleveland, Columbus, and Toledo. The good news for Ohio gamblers is that beginning in 2013 Ohioans can deduct gambling losses on their state income taxes. The bad … Continue reading →

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For Sale: 24,000-26,000 Square Foot Home with an Interesting History

Posted on April 23, 2012 by Russ

The house has 24,414 square feet. At least that much, as it was also measured at 26,828. It has lots of bedrooms: 16, 17, or 18 (depending on who does the counting). And it will soon be for sale, as … Continue reading →

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22 Years, But at Least He’ll be Away from his Wife and Mistress

Posted on August 30, 2011 by Russ

We’ve written about Thomas Parenteau before. His trial was straight out of a cheap novel: He was accused of tax fraud and money laundering while living in a 30,000 square foot mansion with his wife and his mistress. Last year, … Continue reading →

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$200,000,000 Refund Letters Come in Ohio, but the Refunds Won’t

Posted on March 15, 2011 by Russ

Some things are too good to be true. Imagine receiving a letter in the mail saying you will receive an income tax refund of $200,000,000. Yes, $200 million. Well, 9,701 taxpayers in the Buckeye State got such letters. As first … Continue reading →

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Carpet Owner Gets a Year at ClubFed

Posted on February 1, 2011 by Russ

Leif Rozin is a former owner of Buddy’s Carpet in Cincinnati. Back in 2008 he was convicted on tax fraud charges. It took a while but he was finally sentenced last Friday; he received one year at ClubFed and must … Continue reading →

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Helping Boss, Wife, and His Mistress Leads to ClubFed, Not a Cheap Novel

Posted on November 22, 2010 by Russ

Dennis Sartain used to be the typical accountant. He worked for Thomas Parenteau, a Columbus, Ohio homebuilder. Of course, Mr. Parenteau was found guilty of 11 counts of tax evasion and related charges, and that’s not typical. And as I … Continue reading →

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We Won’t Have Jim Traficant to Kick Around

Posted on November 3, 2010 by Russ

Well, Election Day has come and gone. Congressional races generally went to Republicans, and the GOP will be the majority party in the House next January. That means that John Boehner of Ohio will be the next Speaker. Mr. Boehner … Continue reading →

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Guess Who’s Coming to Dinner!

Posted on August 30, 2010 by Russ

Our favorite convicted tax felon has made the ballot in Ohio. James Traficant has seven signatures more than required and will be running as an Independent for Congress in Ohio’s 17th Congressional District. The Mahoning County Board of Elections will … Continue reading →

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Ohio Adds Gambling Loss Deduction…In 2013

Posted on July 14, 2010 by Russ

The Ohio legislature recently passed HB 519. The measure creates the Ohio Casino Commission to run Ohio’s soon-to-exist casinos. There’s a bit of good news for Ohioans buried in the measure. Beginning with tax year 2013, Ohio residents will be … Continue reading →

Posted in Gambling, Ohio | 2 Comments