Tag Archives: BozoTaxTips

Bozo Tax Tip #8: Nevada Corporations

Posted on April 2, 2014 by Russ

A repeat follows, but it’s one again getting a lot of play due to business conditions in California. While I’m focusing on California and Nevada, the principle applies to any pair of states. Nevada is doing everything it can to … Continue reading →

Posted in California, Nevada | Tagged | 1 Comment

Bozo Tax Tip #10: Email Your Social Security Number

Posted on March 23, 2014 by Russ

It’s time for our annual rundown of Bozo Tax Tips, strategies that you really, really, really shouldn’t try. But somewhere, somehow, someone will try these. Don’t say I didn’t warn you! We’re starting a week early because I want to … Continue reading →

Posted in Tax Preparation | Tagged | 1 Comment

Bozo Tax Tip #1: Don’t Be Suspicious!

Posted on April 11, 2013 by Russ

As I write this (in March), I just got off the phone with one of my clients. He just did very well in a poker tournament, and won just over $11,000. He took the money in cash (rather than a … Continue reading →

Posted in IRS | Tagged , | 1 Comment

Bozo Tax Tip #2: Nevada Corporations

Posted on April 10, 2013 by Russ

A repeat follows, but it’s one again getting a lot of play due to business conditions in California. While I’m focusing on California and Nevada, the principle applies to any pair of states. Nevada is doing everything it can to … Continue reading →

Posted in California, Nevada | Tagged | 1 Comment

Bozo Tax Tip #3: Use a Bozo Accountant!

Posted on April 9, 2013 by Russ

Here’s another Bozo Tax Tip that keeps coming around. The problem is, the Bozos don’t change their stripes. In any case, here are some signs your accountant might be a Bozo: – He’s never met a deduction that doesn’t fit … Continue reading →

Posted in Tax Preparation | Tagged , | 1 Comment

Bozo Tax Tip #4: Procrastinate!

Posted on April 8, 2013 by Russ

Today is April 9th. The tax deadline is just six days away. What happens if you wake up and it’s April 15, 2013, and you can’t file your tax? File an extension. Download Form 4868, make an estimate of what … Continue reading →

Posted in IRS | Tagged | 1 Comment

Bozo Tax Tip #5: Don’t Seal the Envelope!

Posted on April 7, 2013 by Russ

Given its tax time, you will likely find long lines at your local post office. Individuals are filing tax returns, so those who don’t efile must mail the returns. When you mail anything, you should seal the envelope; that’s especially … Continue reading →

Posted in Taxable Talk | Tagged | 2 Comments

Bozo Tax Tip #6: Just Don’t File

Posted on April 4, 2013 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 →

Posted in Taxable Talk | Tagged | 1 Comment

Bozo Tax Tip #7: Honey, You Don’t Exist!

Posted on April 3, 2013 by Russ

Another repeat, but it again popped up this past weekend. It’s springtime, and that means weddings. With weddings comes changes in tax status. Your marital status on December 31st determines your marital status for the year. If you are married, … Continue reading →

Posted in Taxable Talk | Tagged | 1 Comment

Bozo Tax Tip #8: 300 Million Witnesses Can’t Be Right

Posted on April 2, 2013 by Russ

For tax bloggers like myself, Richard Hatch has been a godsend. His antics have been, well, remarkable. While he’s no longer at the top of my Bozo Tax Tips (he’s been strangely silent since his release from prison last December), … Continue reading →

Posted in Tax Evasion | Tagged , | 1 Comment