Category Archives: Tax Evasion

Tax Evader to be Head NBA Referee

Posted on September 28, 2011 by Russ

Well, there might not be an NBA season, but if there is one I’m sure the NBA will have fair officiating this year…. Hat Tip: Joe Kristan

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Whistle Blown on Referees

Posted on September 19, 2011 by Russ

A fundamental principal of US taxation is that all income is taxable unless Congress exempts it. If you’re a referee in a basketball game, you have to pay tax on that money. Now, I wouldn’t have though that refereeing adult … Continue reading →

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Once Again, Telling that Prospective Purchaser About the “True Profit” of the Business Backfires

Posted on September 16, 2011 by Russ

One method of increasing profit that’s been practiced since the first books and records have been kept is to keep two sets of books. One set shows the true profit and loss while the other presents a bleaker picture that’s … Continue reading →

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Snipes Loses Another Appeal

Posted on September 8, 2011 by Russ

The Eleventh Circuit Court of Appeals denied Wesley Snipes’ appeal of his convictions of willfully not filing tax returns. Mr. Snipes has about 26 months left on his three-year sentence.

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A Question of Wirth

Posted on August 22, 2011 by Russ

Jeffrey Wirth was the sole owner of the Wirth Companies, a Minnesota commercial real estate company. Mr. Wirth developed numerous trophy properties in the Twin Cities, including the Grand Hotel in Minneapolis, the Grand Rios Hotel & Waterpark in Brooklyn … Continue reading →

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No Longer a Bully, Now a Tax Evader

Posted on August 10, 2011 by Russ

As I’ve said before, I’m not a fan of rap. My best friend considers my musical taste to be quite boring. That said, we both pay our taxes. It appears that rappers are having problems remembering to do this. Beanie … Continue reading →

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Cash and Carry Didn’t Work

Posted on July 23, 2011 by Russ

There’s nothing wrong with paying employees in cash. Indeed, in some industries it’s the norm. However, you still must withhold payroll taxes and properly report the earnings. The owners of a Massachusetts temporary agency found that out this week. Michael … Continue reading →

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Club Fed Is the Rule for Ja Rule

Posted on July 19, 2011 by Russ

Back in March I reported on rapper Jeffrey Atkins (aka Ja Rule). He decided that it was a good idea if his after tax income was the same as his before tax income. Given that the tax loss to the … Continue reading →

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Tax Lady in Court

Posted on June 19, 2011 by Russ

“Tax Lady” Roni Deutch appeared in court on Friday; she pleaded not guilty to contempt of court charges in Sacramento. She’s accused of violating court orders by shredding 2.7 million documents in violation of a court order. Meanwhile, the company … Continue reading →

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No Sniping at the Supreme Court

Posted on June 7, 2011 by Russ

The Supreme Court denied Wesley Snipes’ appeal today. Wesley Snipes will likely remain in prison until 2013 on his failure to file tax return charges. The Supreme Court rarely hears tax charges, and there really wasn’t either some novel issue … Continue reading →

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