Category Archives: Tax Preparation

Bozo Tax Tip #7: Incorporate In Nevada

Posted on April 6, 2008 by Russ

I’ve been talking about the Nevada Development Corporation’s efforts to draw California businesses to Nevada. A business that moves to Nevada should strongly consider reincorporating in Nevada to avoid California taxes. But assume you’re in California. Should you follow one … Continue reading →

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Bozo Tax Tip #8: Use Consecutive SSNs When Cheating the IRS

Posted on April 5, 2008 by Russ

Another repeat from last year, but with a better morale than before. Here’s what I wrote last year: Let’s thank Michael Graham of Queens, New York for coming up with this gem. Mr. Graham decided to file phony tax returns … Continue reading →

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Bozo Tax Tip #9: Only Foreign Income Is Taxable

Posted on April 3, 2008 by Russ

Today’s Bozo Tax Tip is a repeat from last year. It’s just another of the tax protester myths, that only foreign income is taxable. It’s also one that has come up again during this tax season. So, without further ado, … Continue reading →

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Bozo Tax Tip #10: The Trouble With Harry

Posted on April 1, 2008 by Russ

I’m a big fan of Alfred Hitchcock movies. One of my favorites is The Trouble With Harry. Another movie with a similar plot is Weekend at Bernie’s. These movies deal with death in a light-hearted manner. Since this is a … Continue reading →

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Seven Times Two Equals….

Posted on March 16, 2008 by Russ

One of my favorite television shows is Get Smart. In the episode called “The Decoy,” Maxwell Smart is brainwashed back to his childhood, is doing multiplication tables, and can’t figure out that 7 x 2 = 14. It’s one thing … Continue reading →

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What to Look for in a Tax Preparer

Posted on January 7, 2008 by Russ

The IRS just released a fact sheet on what to look for in a tax preparer. Here’s what they say: Be cautious of tax preparers who claim they can obtain larger refunds than other preparers. Avoid preparers who base their … Continue reading →

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Wash Sales Go To IRAs, Too

Posted on December 25, 2007 by Russ

Last week the IRS announced in Revenue Rule 2008-05 that wash sale rules impact transactions into an IRA. This could have a major impact to the unaware. A “wash sale” is when you sell shares of stock at a loss, … Continue reading →

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Unaccountable Business Services?

Posted on October 1, 2007 by Russ

Another alleged bozo tax preparation firm has apparently been put out of business. From Gilbert, Arizona (suburban Phoenix) come the story of Accountable Business Services. If you’ve read this blog before, and have noted the tale of Western Tax Service, … Continue reading →

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Another Bozo Tax Preparer Out of a Job

Posted on September 27, 2007 by Russ

Having had to deal with a few refugees from Western Tax Service, I’ve seen the damage that a bozo tax preparer can do. But this story is, well, ridiculous. >From Oronogo, Missouri, comes the story of Carrie Shafer. Ms. Shafer … Continue reading →

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Western Tax Service Raises Its Head…Again

Posted on September 26, 2007 by Russ

In February 2006, I wrote about the “end of the sage” for Western Tax Service. Western Tax Service, for those who don’t remember, had inventive but illegal methods for getting refunds for its’ clients: phony deductions for employee business expenses, … Continue reading →

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