Tag Archives: BozoTaxTips

Bozo Tax Tip #1: Procrastinate!

It’s April 16th. There was a deadline yesterday? Well, this post was supposed to appear yesterday morning, but apparently I clicked on the 16th rather than the 15th when I wrote it. What a difference a day makes. Yesterday, you … Continue reading

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Bozo Tax Tip #2: Be Suspicious!

Another repeat, but one that is a continual issue with cash business. It may be “cash and carry,” but cash is taxable in all ways. And cash reporting (or lack thereof) can be a problem. Our #1 Bozo Tax Tip … Continue reading

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Bozo Tax Tip #3: Trustless Trusts

Another repeat from last year, but just as apropros. Only last week I was offered the “Deal of a Lifetime” to invest in the guacamole fund. I’d rather eat my guacamole, thank you. Anyway: Just today someone sent me an … Continue reading

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Bozo Tax Tip #4: Nevada Corporations

A repeat for the third 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

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Bozo Tax Tip #5: Cash Isn’t Taxable

Last week a new client came into my office for the preparation of his tax return. Everything went smoothly, and an hour or so later his returns were complete and filed, he had his copies of the returns, and the … Continue reading

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Bozo Tax Tip #6: Just Don’t File

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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Bozo Tax Tip #7: 300 Million Witnesses Can’t Be Right

I keep thinking that I’ll be able to drop this Bozo tax tip one year (well, it did fall to #7). Yet every time I think that’s going to happen Richard Hatch makes the news again. One tip I can … Continue reading

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Bozo Tax Tip #8: Use a Bozo Accountant

I’ve come to the conclusion that everything in life is normally distributed. You may remember the normal distribution from a class you took on probability theory. It’s the bell curve. Most things are in the middle, but some are outliers … Continue reading

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Bozo Tax Tip #9: The 44¢ Solution

With Tax Day fast approaching it’s time to look into the 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

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Bozo Tax Tip #10: Use Consecutive Social Security Numbers When Cheating the IRS

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. Here’s a repeat for the third year: Let’s thank … Continue reading

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