Taxable Talk

From Russ Fox, E.A., of Clayton Financial and Tax of Irvine, CA
All items below are for information only and are not meant as tax advice.
Please consult your own tax advisor to see how each item impacts your own situation.
"Ex-Oakland Voodoo Chief Indicted for Tax Evasion"
Yet another headline that says it all. Apparently (and allegedly), the ex-voodoo chief failed to pay $1.7 million in taxes related to her practice from 1998-2003. I didn't realize that profession was so lucrative....
If It Sounds Too Good to be True (1)
The Franchise Tax Board arrested Jon Gunderson, the owner-operator of Outdoor Media Group, Inc., a California billboard company. Mr. Gunderson allegedly invented phony transactions to alleviate $53 million in tax he would have owed the state. Mr. Gunderson is being held on $5 million bail in Riverside.