If House Speaker John Boehner wants to level the debt negotiating playing field he should ask Congress to verify whether President Obama is a tax fraud? Last fall President Obama challenged Mitt Romney to come clean and release his tax returns so voters would know whether he paid his fair share. Randall Sorensen, CPA is asking President Obama to come clean regarding the filing of his 1990 tax return when he signed a six-figure contract book deal with Poseidon Press. Failure to do so would be a violation of Title 26-Internal Revenue Code.
Tea Party members will question my sanity for alleging that President Obama committed a felony via tax evasion. My decision is simple… if President Obama wants 310 million Americans to follow mandated federal law then President Obama needs to prove to Americans that he has ALWAYS been in compliance with the US Tax Code as required by every citizen of the United States.
Tom Draper reported in GQ Magazine’s November 2009 issue (www.gq.com) that President Obama signed a six-figure contract with Poseidon Press on November 28, 1990. The exact amount was reported as $150,000 by Christopher Andersen in his book Barack and Michelle: Portrait of an American Marriage. According to Jack Cahill, Barack Obama was advanced $75,000 for the book. It’s not unusual in the publishing business to receive one-third to one-half of the contract value upfront. However, a $75,000 advance would have required a recent law school graduate strapped with heavy student debt to pay the IRS $25,000 four and ½ months later. I have been a CPA for 33 years and I’m Certified in Financial Forensics. In 1988 I was hired by the Arizona House of Representative in the Senate Impeachment Trial of Governor Evan Mecham. My forensic analysis of an improper $80,000 loan from a political fund to a private car dealership justified the Impeachment of Governor Mecham.
Last fall I reviewed the tax returns of both presidential candidates. During my analysis of President Obama’s 2001 Individual Tax Return, I found 10 math errors. All of the errors were simple arithmetic errors that would have been prevented with a computerized program such as Turbo Tax.
President Obama’s 2001 tax return wasn’t signed by a paid preparer and it would appear the tax return was prepared by President or Ms. Obama. I determined that the Obamas prepared three drafts of their 2001 tax return. The first draft calculated an income tax liability of $79,000. This would have required taxable income of $271,000. In contrast, President Obama’s website shows 2001 taxable income of $250,000. President Obama ended up paying income tax on $21,000 of phantom income that resulted in sending Uncle Sam an extra +$7,300. I think Republicans and Democrats will unanimously agree that President Obama is one of the greatest orators of our time. The same can’t be said regarding President Obama’s skill as a tax preparer!
Based on the fact that President Obama used bits and pieces from three different 2001 tax drafts, made 10 errors, overpaid his taxes by $7,300 by claiming $21,000 of phantom income, it would appear that President Obama lacked the accounting skills to competently prepare his tax return. If President Obama wasn’t proficient at preparing his taxes in 2001 it’s not a stretch to assume that he wouldn’t have been proficient in 1990.
I believe President Obama’s has a massive skeleton in his tax closet as it relates to the mishandling of the est. $75,000 book advance from Poseidon Press in November of 1990. I have determined only three tax scenarios exist: 1) filed correctly and paid the IRS $25,000, 2) reported income as passive, failed to pay social security taxes and owes the IRS $41,000 or 3) failed to properly report the income and currently owes the US Treasury in excess of $123,000. (www.randallsorensencpa.com/obama)
Barack Obama was flush with cash at the end of 1990. However over the next 1 ½ years he failed miserably to deliver a completed manuscript to Poseidon Press in June of 1992. Tom Draper reported that Obama had other things on his mind, namely the impending October 3rd marriage to Michelle. Writer Christopher Anderson wrote “when Barack informed them that he had spent the money and that he and his wife were still chipping away at their massive student loan debt – the publisher agreed not to press the issue”. Draper wrote that Poseidon terminated Obama’s contract on October 20, 1992.
In January of 2007, Barack Obama engaged in some skeleton housekeeping. According to the Somerville News, Barack Obama shelled out $375 to pay 15 parking tickets accumulated at Harvard in the late 80’s. The majority of Americans abide by parking restrictions and if we’re unlucky enough to receive a ticket we stuff money in an envelope and mail it within days. This wasn’t the case for Barack Obama. He waited nearly 20 years before deciding to settle his delinquent ticket balance. The apparent reason was his decision to enter the presidential campaign two months later. Why didn’t Obama come clean earlier after banking millions in book royalties in 2005/06?
Could Barack Obama have decided to clean up any tax obligations from 1990? Absolutely…. but highly unlikely for the following reasons: First, failure to file and pay income taxes would be admitting to the commission of a felony. Second, the original $25,000 tax balance had grown to over +$100,000 with interest and penalties. Third and probably a game changer, is the consequences surrounding an ethics violation for failing to accurately complete his United States Senate Financial Disclosure Report. Senator Obama would have been required to list the outstanding tax liability on his 2005 report. Failure to do so is a violation of 5 U.S.C. app. 4 § 104, and 18 U.S.C. § 1001. The fine for filing a false report is up to $50,000 be imprisoned for up to one year. If discovered this would have probably ended his candidacy before it got started.
People have grown tired of the manner in which President Obama talks down to his peers. Former President Ronald Reagan could be tough but according to a Marine friend who served in the White House, he had a heart of gold. If President Obama is able to mandate 310 million Americans to follow the US Tax Code, then I want proof that President Obama complied with the US Tax Code his entire life. The IRS cuts no one slack. The manner in which the IRS aggressively pursues tax evaders should be the same…. even for Presidents. I informed Senator Cruz, Senator Grassley, Congressman Boehner, Congressman Issa and Congressman Gowdy how in 1 minute they can verify whether President Obama committed a felony. If President Obama wants people to buy into Obamacare then he needs to show 310 million Americans that he has ALWAYS been in compliance with the US Tax Code. What is wrong with Congress checking the integrity of our President? Especially if it can be done in 1 minute!
Comments
What is the bigger "crime?" Tax evation, or a fraudulent birth certificate? Or singlehandedly amending his evil plot known as oblammacare? Or accessory to mass murder? Benghazi and fast n furous? We have a STACK OF EM AGAINST THEM! Long overdue, Issa, and Gowdy, PROSECUTE THEM!
I like the bottom line; "What is wrong with Congress.......?" ...could it be Boehner? What a leaderless cry-baby. This usurper taking up space in our WH could get away with homocide while the 'moderate republicans,' also known as the soon-to-be GoneOleParty concentrates on compiling bank accts and telling us, as our reject known as Mc'L'ame so delicately put it; 'Obummer is a good man, and honest family man.' These deadheaded blowhards need to go home and their replacements need to have the courage to 'fight,' that's RIGHT, FIGHT for the freedoms we're losing daily under this criminally loaded administration; that would be Jarrett, Bite-me and all the 3rd generation Boxers and Pelosi communist following 'usefull idiots and tools. ...enough already!
Thanks for the comments. I thought I might take some heat from President Obama's folks. Two people know the truth... President Obama and me. He's not going to want any part of digging up the past!
It's a shame Congress is going to sit back and do nothing. The media continues to unnecessarily bash the Tea Party. Thank God somebody cares about this country and isn't afraid to be heard.
You should present this to Judicial Watch and have them check it out. Very good argument by the way. Thats how they got Capone.
Anyone who is protecting him is an accessory to it.
What we need is a certified public accounting audit of the executive office!!! If you are a CPA check it out & while you're at it examine the GASB web site for ethics and meaningful accounting/internal control!
Federal government’s fatal flaw is all inclusive executive office power and control over spending and oversight… from “wannaspend” to who can spend - requisitions, purchasing, accounting, payment, audit, regulatory agencies, FBI, CIA, NSA, regulatory agencies, FCC, communications, DOJ prosecution etc… all oath and duty bound to God, Constitution, and country, NOT SELF, BOSS, POLITICAL PARTY, OR PAC ! All executive office employees are paid and ruled by the executive, top down & what comes up goes down muted and neutered! Is anyone not aware of that satirical fact???
Constitutional checks and balances require House control over budget, revenue, spending, and debt. That further requires senate and executive approval. The legislatures have impeachment and prosecution powers. The public has power to file criminal complaints which is mocked by corrupt DOJ Holder. We don’t need new laws to prosecute and punish lawless officials who will break any new law just as they break existing law today and yesterday! Finally, and above all else, citizens have recall powers to remove elected officials and replace them with virtuous officials who will enforce oath, duty, Constitution, and laws thereon… at “any time”!
The House majority has the power and must appoint a reputable major CPA firm to audit books controlled by the executive and appoint prosecutors independent of executive control! They must have access to NSA personal information data mines etc, just like it’s given to the executive branch… IRS and Acorn! That will end deception and endless corrupt argumentation! The executive organization chart noted above would never pass a private or state & local government internal control audit! Heads would roll and corruption would be prosecuted and jailed for corrupt spending without checks and balances and tight internal control. Five years of no properly executed budget, $7 trillion more than revenue spent, and no tangible assets to show for it says we’ve reached the point where CITIZENS MUST PURGE LAWLESSNESS FROM GOVERNMENT! The rats aren't going to leave our corn crib until it's empty and head high in rat pellets!
The certified public accounting opinion has very sharp teeth that can eliminate the deception and put very ugly facts on the table and end the senseless arguments, looting, and irreparable destruction!!
RECALL NOW! WAIT… AND NOTHING WILL BE LEFT!
Again many forget what all are about against that want to tell facts about Obama. The Liberal media! If you report anything wrong about Obama you are labelled a racist or worse by the big. so-called, media. Liberal voters are brainwashed and really get down if Fox News reports anything on Obama that is not supporting him! Hitler had that same kind of controlled media!
Why must my comment be "approved" before everyone can see it??????? Is the TP site now Hitlers too????
The gutless wonders in Congress are afraid of king o.....he has threatened them or they are in cahoots or both...all are evil and what would land you and I behind bars only gets them re-elected.....and rich...it is way past time for this to end..but you are so asking the wrong folks in Congress to do what is right...
Yes the Demoncrats and some Congressmen will knuckle under as alway's , they don't work for "The USAmericans anymore, so we can eliminate their pay and benefits, make them pay their own way, we
are on one side they are on the other side of Obummers line in the sand ???
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