Tag Archives: BozoTaxTips

Bozo Tax Tip #10: We Don’t Need No Stinkin’ Employees (Especially Because We’re Lawyers)

Posted on April 1, 2012 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! From Joe Kristan of Roth Tax Updates I first … Continue reading →

Posted in IRS | Tagged | Comments Off on Bozo Tax Tip #10: We Don’t Need No Stinkin’ Employees (Especially Because We’re Lawyers)

Bozo Tax Tip #2: Procrastinate!

Posted on April 14, 2011 by Russ

Today is April 14th. Tomorrow is, well, was, the tax deadline. Thanks to a holiday in the District of Columbia we all have an extra three days to get the returns done. What happens if you wake up and it’s … Continue reading →

Posted in IRS | Tagged | Comments Off on Bozo Tax Tip #2: Procrastinate!

Bozo Tax Tip #3: Honey, You Don’t Exist!

Posted on April 13, 2011 by Russ

Ah, Spring is in the air. And with that come the inevitable wedding invitations. I was supposed to be in a wedding this weekend, but the three extra days of tax season put an end to that. With weddings comes … Continue reading →

Posted in Tax Preparation | Tagged | Comments Off on Bozo Tax Tip #3: Honey, You Don’t Exist!

Bozo Tax Tip #4: Use a Bozo Accountant

Posted on April 11, 2011 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 Illinois, IRS | Tagged , | Comments Off on Bozo Tax Tip #4: Use a Bozo Accountant

Bozo Tax Tip #5: Sales Tax is an Unnecessary Expense

Posted on April 10, 2011 by Russ

Imagine you are running a business.  Times are tough and you need to make some serious cuts in expenses to stay afloat.  Or perhaps you are just greedy.  In any case, let’s suppose you neglect to pay your payroll tax.  … Continue reading →

Posted in Sales Tax | Tagged | Comments Off on Bozo Tax Tip #5: Sales Tax is an Unnecessary Expense

Bozo Tax Tip #6: Foreign Trusts

Posted on April 10, 2011 by Russ

By far the worst tax schemes in the view of the IRS are offshore (foreign) trusts. In fact, trusts of all sorts—domestic and foreign—are regularly abused. First, not all trusts are bad. Many trusts serve a legitimate purpose, such as … Continue reading →

Posted in Tax Evasion, Tax Fraud | Tagged | 1 Comment

Bozo Tax Tip #7: Nevada Corporations

Posted on April 8, 2011 by Russ

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

Posted in California, Nevada | Tagged | Comments Off on Bozo Tax Tip #7: Nevada Corporations

Bozo Tax Tip #8: The $0.44 Solution

Posted on April 6, 2011 by Russ

With Tax Day fast approaching it’s time to examine yet another Bozo method of courting disaster. And it doesn’t, on the surface, seem to be a Bozo method. After all, this organization has the motto, Neither rain nor snow nor … Continue reading →

Posted in IRS | Tagged | Comments Off on Bozo Tax Tip #8: The $0.44 Solution

Bozo Tax Tip #9: Just Don’t File

Posted on April 5, 2011 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 IRS | Tagged | Comments Off on Bozo Tax Tip #9: Just Don’t File

Bozo Tax Tip #10: Hot Air

Posted on April 4, 2011 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 start off with a brand new Bozo Tax … Continue reading →

Posted in Tax Fraud | Tagged | Comments Off on Bozo Tax Tip #10: Hot Air