Category: News and Politics
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Modern Tax Protest and Evasion
A growing number of taxpayers are signaling that they may refuse to file or pay federal taxes as a political act. Now elected government officials are also hinting at their support of a tax protest strategy. Historically, every period of social or economic tension has generated waves of “tax protest” behavior, and courts have been…
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My NJ county, named an obstructor
This post is prompted by the U.S. Department of Justice issuance of a new announcement that our Cumberland County, New Jersey is named as an obstructor of ICE efforts. I am proud to be among the obstructors. I have been unintentionally caught in the middle of this immigration paperwork issue for more than three decades,…
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Tariffs refunds?
My firm does not handle importers or deal with tariff issues but I am curious about how recent legal news will affect small businesses and consumers.
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38 years of small business struggle
In February 1987 I left one of Wall Street’s richest and most successful firms of that era, Drexel Burnham Lambert, led by junk bond king Michael Milliken, because I saw how this was destroying middle income Americans, small businesses, and our local towns. I set up a company Freedom Benefits that eventually became an early…
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5 tax reform proposals to watch out for in 2025
All of these are aligned with expressed Presidential and Congressional goals, so I assess that there is a reasonable risk that any or all of these could become law this year.
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The golden age of tax fraud:
IRS Commissioner Werfel resigned yesterday. By almost all accounts, he was one of the better Commissioners of our era based on his work to modernize service and enforcement. His tenure is widely praised for laying a foundation for digital transformation of the agency and enhancing IRS enforcement capabilities. His proposed replacement is best known for…
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Crimes by politicians continue to go unpunished and underreported
I am concerned about the unaddressed political crime wave across America. High profile cases occasionally make headlines. But it appears that hundreds or thousands of crimes are charged, underreported, and not prosecuted. It seems like hardly a day goes by that an elected politician is not named in criminal charge somewhere and then we rarely…
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Random reflections tonight after the Super Bowl
When the members of churches who taught me my most fundamental ethical beliefs like: Iove my neighbor and foreigners alike, treat all people equally, respect the poor and disabled, give money and time freely, do not steal, do not kill, turn the other cheek – now teach the exact opposite, When the person I recognized…
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Reflecting on the military cargo planes that keep coming
It was a sad day for our country as three Army Reserve engineers killed in Jordan, including a local South Jersey resident, arrived Friday morning at Dover Air Force Base. My Money Island NJ home office is directly east of Dover Air Force Base eight miles across the Delaware Bay and so we see and…
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Why we use CPAs to testify about accounting statement fraud
Disclosure: While I have served as professional accounting witness in other unrelated court cases, I did not testify in past Trump fraud cases. In past Trump fraud cases in the 1990s, I offered accounting statements taken by an attorney for the plaintiff victims that included a statement of my direct communication with Trump and his…