Tag Archives: BozoTaxTips

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 →

It’s getting more and more difficult to avoid the tax system. There are currency transaction reports (cash transactions of $10,000 or more) and suspicious activity reports (theoretically can be done on any transaction, but usually starts at $3,000 or more) … Continue reading →

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 →

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 →

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 →

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 →

California is not a low-tax state. The corporate tax rate is 8.84% for C Corporations (1.5% for S Corporations); both must pay a minimum $800 tax each year. If I’m in my car for any appreciable length of time, I’ll … Continue reading →

When I was in college, I was taught that there is a right way journal entries should be written and many wrong ways. There’s an appropriate structure to a journal entry, and you want to make sure you keep the … Continue reading →