Young children believe in fairy tales like the tooth fairy. Despite having no direct evidence of the tooth fairy’s existence, they believe what other children and adults tell them. They are told the false logic that the result they see (money under their pillow) is proof that the tooth fairy exists. We don’t fault young […]
Please be aware of the increase in scams related to the CARES Act Programs. The Small Business Administration, Internal Revenue Service and U.S. Department of the Treasury will NOT CONTACT ANYONE DIRECTLY related to the various relief programs. In addition, bank employees will never ask for your social security number or other sensitive information via […]
Avoiding the usual scams: Tax-related scams this year have risen to a level I’ve not experienced before in more than 4 decades of practice. Tax preparers are among the most targeted group. The defenses tend to require low tech personal attention. EMAIL – We observe that most (I read 85%) of scams begin with email. […]
“What hurts the victim most is not the cruelty of the oppressor, but the silence of the bystander” – Elie Wiesel I personally saw the cruelty, greed and crimes of Donald Trump ruin families who were my neighbors in the Atlantic City area more than two decades ago. As president of a nearby chapter of […]
I’ve received and blocked so many unwanted robo calls from TripAdvisor and others recently that it seems unrealistic that they could possibly be calling from so many different numbers. I’ve likely blocked close to 50 numbers based on calls in the past two months; almost one per day. I decided that beginning today I will […]
I’ve become more concerned with the ‘dumbing down’ of sectors of the accounting industry. Hardly a day goes by when I’m not solicited with advertisements about how to become a millionaire running an accounting practice without any accounting skills. Likewise my online group for tax advisers and planners is swamped with requests from people who […]
Never in our lifetime has the will of the people mattered less than this month. We know that over 75% of Americans oppose the tax bill being pushed by a small group of Republican oligarchs. Today the federal government repealed net neutrality rules that, as far as we can tell, is an action opposed by […]
It seems that the number of ways consumers face financial risk online is expanding rapidly. No matter what we measures we take to protect ourselves, it seems that professional online scams are one step ahead of us. An online conversation tonight with a business friend triggered my to recall two recent suspected consumer frauds. I say […]
A client sent me a scammy advertisement that read, in part: URGENT for Anyone Who Bought ANYTHING in 2016: Congress Passes $42.4 BILLION “Consumer Rebate Program”! 119 Million Taxpaying Americans Can Now Get a Cash Rebate on Virtually EVERY SINGLE PURCHASE Made in 2016… But You Must Act Between January 1 and April 17 to […]
I am responding to a telephone caller who presumed that my trademarked business name Freedom Benefits was associated with a credit card program apparently offered by Chase Bank. Over the years I’ve received a number of calls from consumers and even one from the FBI years ago investigating consumer reports of someone using the name in an […]