Tag Archives: BozoTaxTips

Bozo Tax Tip #4: Honey, You Don’t Exist!

Posted on April 12, 2016 by Russ

Ah, Spring is in the air. And with that come the inevitable wedding invitations. I had an invitation to a wedding on April 9th. No, I didn’t attend. With weddings comes changes in tax status. Your marital status on December … Continue reading →

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Bozo Tax Tip #5: Procrastinate

Posted on April 11, 2016 by Russ

You may have noticed that Bozo Tax Tip #1 appeared last week. Never fear, there’s another #1 Bozo Tax Tip that will appear on Friday. Now on with the countdown: Today is April 11th. The tax deadline is just seven … Continue reading →

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Bozo Tax Tip #1: Publicize Your Tax Crimes on Social Media!

Posted on April 8, 2016 by Russ

Social media is really, really big these days. You can follow me on Twitter. I may even update my Facebook page one of these days. Of course, I’m not a tax criminal, and my posts hopefully add knowledge for others. … Continue reading →

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Bozo Tax Tip #6: The Shell

Posted on April 8, 2016 by Russ

I was talking with a friend who is an attorney in the Midwest. She told me about an individual who decided to use ten layers of shell companies to hide his income. It worked so well that the Bozo had … Continue reading →

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Bozo Tax Tip #7: Who Needs to Pay Employment Taxes?!

Posted on April 7, 2016 by Russ

This Bozo Tax Tip—and do remember, these are things you really, really, really shouldn’t try—is aimed at the business owner who is having problems. Business owners, unlike the federal government, can’t just print money. So let’s assume our hypothetical business … Continue reading →

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Bozo Tax Tip #9: Nevada Corporations

Posted on April 5, 2016 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 →

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Bozo Tax Tip #9 1/2: 300 Million Witnesses Can’t Be Right!

Posted on April 4, 2016 by Russ

I am a sad person this year as I’m writing my Bozo Tax Tips. Richard Hatch did nothing this past year to keep him in my top ten tax tips. Thus, Mr. Hatch is no longer part of the top … Continue reading →

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Bozo Tax Tip #1: Let Your IRS Notice Age Like Fine Wine!

Posted on April 12, 2015 by Russ

My brother is a wine connoisseur. As all my friends know, I’m anything but a wine aficionado. But I have learned one difference between fine wine and a notice from the IRS: Wine can age very well but IRS notices … Continue reading →

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Bozo Tax Tip #2: The Eternal Hobby Loss

Posted on April 9, 2015 by Russ

The goal of must businesses is to make money. There aren’t many businesses that can lose on each sale and make it up in volume. In fact, I don’t know of any. But I digress…. So let’s take Sam and … Continue reading →

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Bozo Tax Tip #3: Just Don’t File

Posted on April 8, 2015 by Russ

We’re running some repeats, but there is some new Bozo material coming. It’s just that people keep trying the same things over and over again. It’s tough to avoid the tax system. There are currency transaction reports (cash transactions of … Continue reading →

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