Trust Fund Babies

I must confess my sin. For more than thirty-five years, as a CPA very good at what I do, I assisted in building little empires.

Having grown up poor, the intent was pure. I wanted those, for whom I served, to have the best that money can buy. What I discovered was that my Grandpa Foard was right, “Too much money will make people go crazy.”

There is never enough money. The more stuff people accumulate — the more unhappy they become. Which then fuels the fire for them chasing after even more of what is making them miserable.

Temper Tantrums

During those 35+ years of doing a great job for the Trust Fund Babies, I noticed something — those were the, only, individuals in the ranks of the thousands of clients I served, who would throw a fit. You know, a good ol’ two-year-old temper tantrum — the aisle blocking, head turning, hushed murmuring, and clerk cringing — type of hissy-fit.

Why did they do it? Because they are spoiled. Clueless to the bone, they are chock full of arrogance and ignorance. If they knew half as much about what they think they know, they’d know twice as much as they really do.

They were born on third base, thinking they hit a triple — and, then, they will lie through their teeth as they try to convince you it was a Home Run.

The Reality

The grandparents, of the Trust Fund Babies, worked hard to build something — special. Then, generally, Mom and Dad were expected to maintain what Grandma and Grandpa built. Unknown to little Junior, as he struggles to deal with what has shown up on his silver platter, he is the Janitor’s son. And, by the time we move to the fourth generation of this Family, everything has reset.

The wealth that Mom and Dad inherited from Grandma and Grandpa was slowly chiseled down in size — because they were playing not to lose, rather than working hard to build something special, of their own. Junior has no idea how the Empire was built (because Grandpa is gone and Dad has neglected to teach) — and, Junior has even less knowledge of how anything operates. If something breaks it remains broken.

So, at the end of the third generation, the Ranch (or, the main-street Business) is on the Auction Block. If by some stroke of luck the remaining wealth passes to the fourth generation, it will soon be squandered. At that moment, a Universal Principle kicks in.

If you want to eat, you must work.

What appeared to be a life of luxury to the poor kids of the world, became an affliction and a limitation for the Trust Fund Babies.

History Repeats

Fifty years ago, as a twelve-year-old kid, I thought it harsh that the mistakes of parents carried over to the children and grandchildren. Why must they suffer for the bad choices their elders made?

I believe it’s because of another one of those darn ol’ Universal Principles. For example, Gravity — it’s real, it’s unseen, and it’s hard to explain. However, it works the same way every time. We can take comfort in that Universal Principle and depend on its consistency. Or, for those who doubt the effectiveness — and, take a flying leap off a tall building — they will learn the hard way.

Personal Note

After those 35+ years of holding the hands and wiping the snotty noses of way too many Juniors, I burned out. After two years, of what I call, “My trip through the desert,” one day, my son, Ryan, had questions. In fact, I remember the day, well — January 11, 2018.

He came to the closed bedroom door, knocked lightly, and said that he had a question. So, I went with him to his office area, stood behind him, as he pulled up a QuickBooks screen and wiggled his mouse over the real estate where his Question resided. I answered that question and went back to the bedroom.

A few minutes, later, another tap on the door and another question. Same song, second verse: I went with him to his office area, stood behind him, as he pulled up a QuickBooks screen and wiggled his mouse over the real estate where his Question resided. I answered that question and went back to the bedroom.

A few minutes later, another tap on the door and another question. Well, by now, I’m thinking, “OK – Ryan has lots of questions. I might as well just stand there with him and answer them all.”

Sure enough, seven hours later, after a review of the mistakes on the two prior years of Tax Returns and detailed Depreciation Schedules prepared by the best CPA Ryan could find, the tumblers of the lock on my mind turned and I realized, “I’m the best — CPA in the Country.”

I’ve heard people talk about being Born Again — and, always, wondered what that was all about. Now, I know. I wasn’t “back” — as Arnold might say. I felt like a brand new person. Later, as I searched for something of which to compare the feeling, the best I can do is, “I feel like I’m in the fourth grade, again!”

Once — and, For All Time

So, why did I recently agree to one more Consulting engagement to provide services for the benefit of a Trust Fund Baby? Answer — Old habits, similar to bad beliefs, die hard.

This particular specimen of a Trust Fund Baby is 75 years old and is still as clueless as he was at age 25 — when Grandpa’s money was used to buy him a Ranch. He was put on the Ranch and offered an opportunity on a silver platter. Now – that I think about it – Junior is just like a Post Turtle.

When you’re driving down a country road and you come across a fence post with a turtle balanced on top. That’s a post turtle. You know he didn’t get there by himself; he doesn’t belong there; he can’t get anything done while he’s up there; and, without help to get down, he’s stranded!

Junior could not articulate the specific Objectives he wanted me to resolve, he had no idea how to Measure our progress, and he offered little feedback about the Value he was receiving. What begins twisted, ends twisted.

After two months of a six-month commitment to provide services, I had grown tired of being a valet for his ego. I suggested that my “work” was done and he had no further responsibility to honor our Agreement. Junior insisted that I stay — he needed to use me, some more.

However, after four months of enduring his silliness, “Oh, Wow! — did he pop a cork when I asked him, “Why?”

Why do you want to withhold information and keep me in the dark?

The sniveling little pup did a Trump on me, too, while yelling into the phone (so loudly he was cutting out and I asked him to repeat his foul language), “You’re fired!”

What a blessing!

I think I’ve passed — in flying colors — the final exam in the high-level coursework of Trust Fund Babies.

Oh, by the way, this Consulting engagement was to assist in the transition of Junior off the Ranch. Because of the two clowns for Realtors he had chosen, I finally asked, “After their neglect of an important issue (to the tune of $150,000), why do you continue to believe their nonsense?”

Lesson Learned

Around the 25-year mark, in the 35+ years of my crusade to save the world as a CPA, I noticed something. I felt dirty. As I served the Trust Fund Babies, there was no appreciation or recognition of the Value my efforts produced for them. They were paying me and I was doing things for the money. There’s a name for those kinds of people — Hookers.

Confession without repentance is counterfeit spirituality. As you are my witness, I fully and completely give up the old way to enjoy my rebirth.

Die Broke

The scholars among us will take great offense at the concept of not leaving children and grandchildren a monetary inheritance. They will even pretend to have God on their side of the argument and quote an old Proverb.

Good people leave an inheritance to their grandchildren, but the sinner’s wealth passes to the godly.

Well, here’s the Real Deal — I don’t see a single reference to Money in the line, before the comma, about good people. Do you?

I know – for a fact – that my Grandchildren will receive an inheritance from me. No, it will not be because my Lindsey and Ryan were anxious for me to tip over — so they might win the Lottery of wealth untold.

The inheritance that my Children will pass on to my Grandchildren will be everything they have learned from me. I have diligently provided opportunities for Lindsey and Ryan to learn everything they need, to be successful in this life — and, beyond.

The CARE Credential

Alphabet Soup

At one time, I was quite proud of all the initials behind my name —

  • CPA ~ Certified Public Accountant
  • CITP ~ Certified Information Technology Professional
  • CGMA ~ Chartered Global Management Accountant
  • AMM ~ And Many More…

Yes, they demonstrated the discipline and commitment to play the game of achieving recognition in the eyes of academia.

Yet, no one other than I knew, fully, the extent to which sacrifice was made to achieve these designations.

And, the humorous point of this whole exercise, in bragging rights, is how times have changed. Now, another meaning for the acronym of CPA — in the realm of Digital Marketing — is Cost Per Acquisition.

Student, or Trailblazer?

When we play the game of Credentials, we are simply going where others have gone, before. Or, we seek the approval and acceptance of those in authority — with the power to grant acknowledgment or dash the dreams of the inspired.

For those who have matured beyond being overly concerned about what others think, they are the Trailblazers going where no one has dared go before — sometimes, to places where even angels fear to tread. However, they will make the discoveries crucial to the progress of humankind.

People don’t care about what we know — until, they know how much we care.

CARE Defined

This is one Credential for which the world begs to be in front of every thought.

Compassionate
Aware
Responsive
Empathetic

Compassionate

The contrarians among us might find the use of a C-word — like Compassionate — too sissified, for their taste. In that case, I challenge them to choose from one of these: Cooperative, Competent, Committed, and Confident. Pardon the pun, but, Contrarians must care about someone other than themselves — the focus is outward, not inward. This is a Spiritual endeavor.

Aware

In the busyness of business, how often do we purposefully pause to breathe — to stop and smell the roses — to be Aware of the opportunities for service? The funny thing about offering assistance is how much we benefit from the effort. Whatever we choose to give is returned many times over — probably not from the beneficiary in receipt of the goodness we share. But — Karma is 100% accurate in delivering what is earned. This is a Mental endeavor.

Responsive

There is an ancient Proverb, “Faith without works is dead.” We may believe we are compassionate and aware of the needs of others — yet, only with Responsive action is the benefit delivered. All we Do begins with a Thought. There is intrinsic magic in the thinking — there is discernable value in the doing. Maybe, IT has never been done before — and, maybe the world will laugh in the beginning. Yet, the reward is worth the effort. This is a Physical endeavor.

Empathetic

My friends are quite familiar with the Three-E Formula defined as: Enlighten, Empower, and Encourage. You probably have a similar mantra, which is your Empathetic cry. We are, after all, engaged in a Crusade to ensure that the goodness from above flows through us for the benefit of the whole wide world. As conduits of goodness — similar to lighthouses for the protection of vessels — we can silently do our work. This is an Emotional endeavor.

Our Choice

We can place alphabet soup Credentials behind our names — or, we can anchor CARE in front of our thoughts.

I hope you will join with me in leaving behind the Three Evil E’s of Ego, Expectations, and Emotions — which are attached to limiting Credentials.

So, that we can boldly state our belief in The CARE Credential — as we courageously lift up those in our sphere of influence.

We The People

We The People

If you wonder why you feel tired, it’s because you are. Day after day we fight enemies near and far. The greatest threat to our peace and freedom is our own government.

I’ve heard the expression, “We get the government we deserve.”

That is simply wrong. After paying 40% on our earnings, each year, in Federal and Montana income taxes, for the ‘greater good’ of Society, I don’t deserve to be used and abused — and, neither do you. We are guilty in one aspect, only, “We get what we allow.”

As hard-working people of Montana, we take great pride in pushing through (the snow drifts), gritting our teeth to take the next step forward (against 60 mph winds), and otherwise thriving on whatever comes our way (in people and events).

So, we might be guilty of allowing dysfunction at the highest levels of government — yet, the intent was pure.

We thought, “Surely, elected officials — sworn to uphold the law as Public Servants — will bring along their Cowboy Ethics and do the right things.”

We tend to give the benefit of doubt — until there is doubt to the benefit.

What follows is a real honest-to-goodness story about a recent experience with the Montana Department of Revenue. As you’ll see, it is simply another example of that from which I’ve protected my Clients, for 35+ years as a CPA. At the end of that Crusade, my health was poor, because I was burned-out, by the silliness of these kinds of games — which becomes the catalyst for this event in the first place.

Montana Department of Revenue sent me a Bill for $50. Yes, I was tempted to just pay their Usury Fee — much as in the corrupt end-of-days Roman Empire — yet, more than the money, it was and is the Principle of the thing.

(Note: If you prefer, you can read the actual Email thread from PDF copies located in this Google Drive Folder ~ MT Governor)

Request for Waiver of Penalty

Fri, Mar 30, 2018 at 3:56 PM

Kim Foard <kimfoard@gmail.com>
To: MT Business Tax <DORobjections@mt.gov>

Business Tax Division:

The purpose of this email is to file a Request for Informal Review.

Please, see the attached PDF of Form APLS101F — along with the Notice dated March 16, 2018.

If any questions, I can be reached at the Mobile phone number, below.

Thanks,

Kim

Give Me More Information

Tue, May 1, 2018 at 11:47 AM

Flaherty Settle, Kelly <KFlahertySettle@mt.gov>
To: “kimfoard@gmail.com” <kimfoard@gmail.com>

Kim,

Can you give me more information regarding the serious health issues you experienced. *

Kelly

* Notice that she chose to use a Period, rather than a Question Mark. She wasn’t asking — she was demanding an explanation.

Incredulous

Tue, May 1, 2018 at 6:26 PM

Kim Foard <kimfoard@gmail.com>
To: KFlahertySettle@mt.gov, serve@mt.gov

Kelly,

Really?!

Why are you willing to harass a good Citizen of this great State of Montana over $50?

Evidently, in the weekly Staff Meetings, your Supervisor — or, Department Head — has not reminded everyone that you are Public Servants.

YOU work for me — I do not work for your amusement.

This episode is worthy to share with our Governor, Steve Bullock. For resources of the Montana Taxpayers to be wasted in this way is very sad.

Since the Governor will probably want to know, please, share with me – via an Email response – what Value is provided to anyone by this (your) request of me.

Here’s my answer about the serious Health Issue, “After 35+ years as a CPA serving the Entrepreneurs and real Creators of Value (Farmers, Ranchers, Oil Producers, etc.), I grew tired — literally, worn out and burned out — of these types of silly and petty games played by bureaucrats of all stripes. From October 26, 2015, through January 11, 2018, I was holding on for dear life. Each day was a struggle to find the will to live. Now, after that period of rest and healing, I’m back in the game — with the new venture of SageTalk, LLC.”

Click the two hyperlinks, in the Signature Block below, to get a new perspective on your JOB. By focusing on the Three-E Formula, I intend to Enlighten, Empower, and Encourage everyone in my sphere of influence. That includes YOU.

Over the course of 50 Years of producing Value – and, hundreds of thousands of dollars paid in Real Estate and Income Taxes to provide for the salaries of “public servants” — I find it odd that you’re challenging the truthfulness of my original Statements.

You go ahead and waste more Time and Money to make a decision about the waiver of a $50 Late Filing Penalty on my final Form CLT-4S, Corporate Tax Return for an accounting practice that no longer exists because of Serious Health Issues.

I am amused.

Kim

Citizens Advocate Office

Wed, May 2, 2018 at 8:37 AM

Citizens Advocate <citizensadvocate@mt.gov>
To: “kimfoard@gmail.com” <kimfoard@gmail.com>
Cc: Serve Montana <serve@mt.gov>, “Bullock, Governor” <governor@mt.gov>

Dear Ms. Foard:

Thank you for contacting Governor Bullock’s Office about the issues you are having with the Montana Department of Revenue.

I have sent your email to the Director of Montana Department of Revenue for their review and they will be in contact soon. I’ll also make sure that Governor Bullock and his appropriate policy staff are able to review your comments.

Thanks again for contacting the Governor’s Office, let me know if you have any additional questions or information regarding this issue.

Sincerely,

Tyler J. Campbell

Hopeful of Progress

Wed, May 2, 2018 at 10:19 AM

Kim Foard <kimfoard@gmail.com>
To: citizensadvocate@mt.gov
Cc: ServeMontana <serve@mt.gov>, governor@mt.gov

Tyler,

Thank you for your timely Response.

I am available to share my Thoughts with any and all Stakeholders of our great State of Montana.

Best,

(Mr.) Kim

A Supervisor’s Comments

Mon, May 7, 2018 at 11:30 AM

Milne, Rachael <RMilne@mt.gov>
To: “kimfoard@gmail.com” <kimfoard@gmail.com>

Hello Mr. Foard,

The Governor’s office forwarded me your email regarding the late file penalty assessed on your 2015 S corporation return. I am Kelly’s supervisor.

It is customary for the department’s auditors to follow-up with taxpayers regarding their requests for waiver of penalty based on medical reasons. Kelly followed up with you to ensure that you met the reasonable cause guidelines outlined in the Administrative Rules of Montana (http://www.mtrules.org/gateway/ruleno.asp?RN=42%2E2%2E512)

Additionally – Montana law states that a pass-through entity is assessed a late file penalty when the owner(s) are not compliant with their filing and payment requirements. Since your business was an S corporation and you were the sole shareholder, we reviewed your income tax account to verify that you were up-to-date with your filing and payment. Unfortunately, we could not find your 2015 individual income tax return. If you can provide us with a copy with your Montana individual income tax return as well as provide us with more information regarding your request for waiver of penalty, we’d be happy to review it.

Please let me know if you have any questions.

Thank you,

Rachael Milne, EA

The Plot Thickens

Mon, May 7, 2018 at 12:23 PM

Kim Foard <kimfoard@gmail.com>
To: RMilne@mt.gov, Citizens Advocate <citizensadvocate@mt.gov>, Steve Bullock <governor@mt.gov>

Rachael,

This just gets better and better, doesn’t it?

Now, we’re wasting another person’s time — yours.

And, it seems the Montana Department of Revenue has lost my 2015 Form 2, Individual Income Tax Return. A PDF copy is attached to this email.

Is it because the great State of Montana owes me a Refund of $1,017?

Did you even read the Narrative of my Serious Health Issue described in my email of May 1, 2018, below?

What part of “Close to Death” don’t you understand?

I suggest You, Citizens Advocate, and the Governor quit while you’re ahead — because this is already a “Great Story” to be shared with the Taxpayers of the World: https://www.kimfoard.com/blog-sagetalk/

After 35+ years of enduring Bureaucrats, I’ve had enough.

My purpose is to Enlighten, Empower, and Encourage “We The People” to take back our Lives.

Either do the right thing and resolve this $50 issue (after all you are a ‘public servant’) and join with me in this effort — or, continue to be part of the Problem.

The Best,

Kim

Finally

Mon, May 7, 2018 at 3:42 PM

Milne, Rachael <RMilne@mt.gov>
To: Kim Foard <kimfoard@gmail.com>, Citizens Advocate <citizensadvocate@mt.gov>, “Bullock, Governor”
<governor@mt.gov>

Hello Mr. Foard,

Thank you for your quick reply. We will process your return promptly and respond to you regarding your waiver request via mail to ensure we protect your confidentiality.

Thank you,

Rachael Milne, EA

I Have Only Just Begun

For the last 50 years, America has been at War. I’m 62 years old and remember a Time when we were proud to be an American.

Yes, the battles abroad have seen many casualties. Yet, our entire Country has not been affected by them as much as the Culture War — at Home.

From the Hippie free-lovers of the 60’s, to the Wall Street sharks of the 70’s, to the Go-Go dancers of the 80’s, to the Self-absorbed of the 90’s, to the Irreverent of the 00’s, to the Disrespectful of today, good people have been used and abused by those determined to tear our Society apart.

The only thing necessary for the triumph of evil is for good men to do nothing.” ~ Edmund Burke

Well, the Time has come when Good Men have had a belly full of the “No Rules – No Problems” crowd. Universal Principles (think Gravity) are for our benefit — and, the recognition and observance of them keep us Safe.

Good Men everywhere are Standing Up and are Committed to meeting the Enemy — with the appropriate Force — to bring back the High Standards of principled Life.

I’ve begun my new Crusade to give an answer for the Hope within me. So far, the results have been spectacular — from those Individuals in disbelief that I no longer will “Go Along To Get Along.” And, from the encouragement of those silently cheering the Warrior in me — I am determined to provide a Refuge for all of those in need.

Part of the Solution — Or, Part of the Problem?

Since I have heard nothing from our Governor, Steve Bullock, I intend to follow up regarding his silence. Was he not informed of this matter? Does he not care? Or, maybe, the comforts of the Governor’s Mansion have clouded his judgment?

Whatever the excuse, I intend to find out why he thinks our Constitution has limits.

Here are his proud pronouncements in USA Today – May 30, 2018:

Americans calling for protection of the Second Amendment want their families to be safe. I know because I’m a gun owner who believes in the Constitution, yet also recognizes its limits.

Thoughts and prayers are not solutions. They are excuses.

As governor, I hear directly from the people I serve. They want action. They recognize that like most policy issues, there is no single proposal or prescription that will solve the issue of gun safety. But they are tired of the enormity and complexity of the challenge being the excuse for inaction.

As individuals and as a nation, we can no longer be paralyzed. We have to act.

Well, big fellow, I’m going to find out what YOU intend to DO about the miscreants you’ve allowed into My Government.

There is an expression known as a fact in the Private Sector, “The work will always match the people — and, the People will always match the Work.” In my experience, only two out of ten State employees are doing the work — of solving problems. The other eight are part of the problem. After ridding our Government of the unproductive, this proverb will ring true, “If you want something done, give it to a busy person.”

While it is sad to lose even one life because of a nut with a gun, what do you say about all of the lives you are allowing to be ruined in Montana — from the action and inaction of Government Employees?

If, only, I could line up the People ruined by Bureaucrats and call the Media to take photos, your little soapbox rant about guns would pale into insignificance.

Unless you choose to resign, YOU are responsible for wasting vast amounts of Time and Money over a $50 Usury Fee. Those state Employees work for YOU.

What improvements have been made in the last two months to prevent your minions from harming another single Montana Citizen?

You’re right, “I want action.”