Making Sense of Deficits, National Debt, Inflation, and the Federal Reserve

Posted on March 8, 2022March 11, 2022 by Harvey I. Bezozi

At the dawn of February 2022, the U.S. national debt climbed above $30 trillion, a figure representing 25 times the value of all U.S. currency in circulation. Simultaneously, inflation reached levels not seen in almost 40 years. While some inflation was inevitable as the economy recovers from its pandemic doldrums, the current rate has set Read more about Making Sense of Deficits, National Debt, Inflation, and the Federal Reserve[…]

In the News: NBC News

Posted on January 12, 2022March 13, 2022 by Harvey I. Bezozi

Ben Popken of NBC News asked Harvey to quote on this hot topic which affects all taxpayers. Yes, the IRS staff is at 1970 levels and its computer systems are ancient where many programmers today are not trained in this legacy software. Trying to get through on the phone? Good luck! Harvey’s famous clients know, Read more about In the News: NBC News[…]

IRS Operation Hidden Treasure

Posted on November 10, 2021 by Harvey I. Bezozi

In March 2021, the IRS announced the launch of Operation Hidden Treasure, a new enforcement initiative for tax violations related to cryptocurrency. Over the next few years, those taxpayers who have not properly reported cryptocurrency transactions can expect to hear from the IRS, most likely in the form of audit notices. The world of digital Read more about IRS Operation Hidden Treasure[…]

In the News: GoBankingRates

Posted on November 4, 2021November 10, 2021 by Harvey I. Bezozi

Jordan Rosenfeld asked Harvey to quote on the family who earns over one million dollars a year and how they budget and spend their money. From mortgage payments, to real estate taxes, home repairs, car leases, privates schools, medical & dental expanses, travel & entertainment, and charitable contributions…everyone will enjoy Harvey’s “inside look” in this Read more about In the News: GoBankingRates[…]

In the News: Axios

Posted on October 6, 2021November 9, 2021 by Harvey I. Bezozi

South Dakota has been a pioneer in pro-business and pro-investor rulings since 2009 when it eliminated a law that imposed caps on credit card interest rates. Harvey is asked about South Dakota’s favorable position on asset protection, privacy, and estate planning in this Axios article written by Felix Salmon “How South Dakota Became a Global Read more about In the News: Axios[…]

In the News: Wealth Management

Posted on May 5, 2021May 8, 2021 by Harvey I. Bezozi

In a landmark decision, the United States Tax Court sided with the Estate of Michael Jackson in its forceful disagreement with the IRS audit determination regarding the values of Jackson’s likeness/image and music at his date of death. Using the Income Approach to estate valuation, Jackson’s experts emphasized his tainted reputation, debt-encumbered music assets, and Read more about In the News: Wealth Management[…]

In the News: MarketWatch

Posted on May 5, 2021December 27, 2021 by Harvey I. Bezozi

Breaking news of the Bill and Melinda Gates divorce. Rumor has it they did not have a prenuptial ‎agreement but instead used a separation agreement to define and protect each of their interests. Harvey explains how assets are structured before, during, and after divorce in this fascinating article entitled “Bill and Melinda Gates are among Read more about In the News: MarketWatch[…]

In the News: New York Post

Posted on April 7, 2021April 11, 2021 by Harvey I. Bezozi

The IRS is backlogged with recording certain tax payments and processing paper return filings due to coronavirus procedural changes at their nationwide mail receipt and processing centers. My best advice is to respond quickly when and inaccurate IRS notice is received. It may take a few phone calls and long on-hold wait times. However, the Read more about In the News: New York Post[…]

In the News: NH Journal

Posted on March 20, 2021December 27, 2021 by Harvey I. Bezozi

New Hampshire and Massachusetts are each asking the U.S. Supreme Court to rule in their favor regarding how New Hampshire residents are taxed on the wages they earn working remotely from home for their Massachusetts-based employers. This case could have widespread implications for many other states, including a direct benefit for the states of New Read more about In the News: NH Journal[…]

In the News: Forbes

Posted on March 18, 2021March 23, 2021 by Harvey I. Bezozi

Once again, Harvey is asked to express his expert opinion on a breaking news interstate tax matter‎ which is about to go before the Supreme Court of the United States. What happens when New Hampshire residents, who previously worked in Massachusetts office buildings, are forced to work from their New Hampshire ‎homes due to the Read more about In the News: Forbes[…]