POPULARITY
In this episode of The Energy in Transition podcast, hosts Josh Lowrey and Dan Pickering sit down with Michael Skelly, CEO of Grid United, to talk about the oil and gas industry and how he and his team are shaking things up. Don't miss this insightful conversation!
Many scholars, energy experts, and federal politicians agree the U.S. electric grid is antiquated and increasingly ineffective at meeting the demands of the 21st century. Power demand over time, or “load growth,” has reached historic heights with the expansion of artificial intelligence, electric vehicle ownership, and American manufacturing. As a result, utilities like Arizona Public Service have warned they may run out of transmission capacity by the end of the decade. Real and imagined climate-fueled energy disasters such as 2021's Winter Storm Uri or a recent hypothetical model of a summertime blackout scenario in Phoenix, have heightened our awareness of grid-related risks. Whether the focus is climate adaptation or mitigation, our success depends on an increased and secure energy supply. Michael Skelly, founder and CEO of Grid United, U.S. wind energy pioneer, and the protagonist of the 2019 book Superpower: One Man's Quest to Transform American Energy, first recognized and began addressing this dilemma decades ago. Through more than 10 years of developing wind projects, Michael encountered firsthand the limits of renewable energy potential within the existing grid. Solar and wind are intermittent and regionally specific energy resources. Current infrastructure does not allow pathways for these abundant and inexpensive supplies to reach the entirety of the nation. His company Grid United is hoping to change that, with strategic grid-to-grid transmission development projects. Listen in as Ten Across founder Duke Reiter and Michael Skelly discuss an emerging joint effort between the public and private sectors to revolutionize transmission planning and development and realize the U.S. electric grid of tomorrow. Relevant links and resources: “FERC Issues Order No. 1920 To Accelerate Regional Transmission Planning” (Inside Energy & Environment, 2024) “UK and Denmark launch Viking Link underwater cable project” (Euro News, 2024) “What Will We Do With Our Free Power?” (The New York Times, 2024) “Why the U.S. Electric Grid Isn't Ready for the Energy Transition” (The New York Times, 2023)“Explained: Why perovskites could take solar cells to new heights” (MIT News, 2022)
Long distance and interregional transmission lines promise to increase reliability, mitigate the impact of extreme weather events, and provide electricity consumers with access to low-cost resources. They are an important piece of the energy transition puzzle. But despite the well documented benefits of long-distance transmission, to date there has been limited progress in building out interties across North America. What lessons can we draw from the early days of renewable development that are relevant to this new challenge? What is the current state of efforts to develop long distance transmission and interties in the US, and how does this compare to Canada's approach? And what is the role of "patient capital” in financing these opportunities? David, Sara, Ed, and Michael Skelly of Grid United discuss all things transmission on Season 5, Episode 3 of Energy vs Climate.energyvsclimate.com@EnergyvsClimate
THRILL OF THE HILL | When people think of Scotland, at some point visions of a red deer ranging across an open hill must enter the mind. Deer have become synonymous with the farmed upland environment in Scotland, bringing huge interest and benefits, but these are not without their challenges. In Scotland's pursuit of a green, low carbon, high nature value future, deer have proven themselves obstacles to be overcome and without active management, the uplands cannot flourish. In this episode, Michael Skelly, Highland Habitats takes us through the considerations when determining if you have a deer problem and the appropriate actions required to promote a sustainable upland environment.Hosted by Alexander Pirie, Edited by Malcom MacDonald, Produced by Beth Errington, Executive Producer Kerry Hammond, in association with The Scottish Government.Linked FAS ResourcesAlternative Livestock FactsheetStock Talk: Deer Farming – what you need to know | Information helping farmers in Scotland | Farm Advisory Service (fas.scot)Podcast: The Thrill of The Hill - Deer Farming & Management | Farm Advisory Service (fas.scot)Linked Other ResourcesPractical land management for the future - Highland HabitatsHighland Habitats | Practical land management for the futureScotland's wild venison sector launches ‘statement of intent' on greenhouse gas emissions in response to climate emergency | Scottish Venison (scottish-venison.info)scottish-biodiversity-strategy-2045-tackling-nature-emergency-scotland.pdf (www.gov.scot)
THRILL OF THE HILL | When people think of Scotland, at some point visions of a red deer ranging across an open hill must enter the mind. Deer have become synonymous with the farmed upland environment in Scotland, bringing huge interest and benefits, but these are not without their challenges. In Scotland's pursuit of a green, low carbon, high nature value future, deer have proven themselves obstacles to be overcome and without active management, the uplands cannot flourish. In this episode, Michael Skelly, Highland Habitats takes us through the considerations when determining if you have a deer problem and the appropriate actions required to promote a sustainable upland environment.Hosted by Alexander Pirie, Edited by Malcom MacDonald, Produced by Beth Errington, Executive Producer Kerry Hammond, in association with The Scottish Government.Linked FAS ResourcesAlternative Livestock FactsheetStock Talk: Deer Farming – what you need to know | Information helping farmers in Scotland | Farm Advisory Service (fas.scot)Podcast: The Thrill of The Hill - Deer Farming & Management | Farm Advisory Service (fas.scot)Linked Other ResourcesPractical land management for the future - Highland HabitatsHighland Habitats | Practical land management for the futureScotland's wild venison sector launches ‘statement of intent' on greenhouse gas emissions in response to climate emergency | Scottish Venison (scottish-venison.info)scottish-biodiversity-strategy-2045-tackling-nature-emergency-scotland.pdf (www.gov.scot)
In this week's episode, host Kristin Hayes talks with Katie McGinty and Jim Connaughton about how to accelerate the permitting process for clean energy projects. McGinty is vice president and chief sustainability and external relations officer at Johnson Controls, and Connaughton is chair of Nautilus Data Technologies and a member of the board of directors at Resources for the Future. McGinty and Connaughton discuss why project delays are a central challenge in the clean energy transition, how clean energy projects can support environmental justice communities, and the types of permitting reforms that can help deploy funding for clean energy that's available through recent laws such as the Inflation Reduction Act. References and recommendations: “Building Cleaner, Faster: Creating Permitting Systems that Enable Decarbonization Infrastructure Deployment” from the Aspen Institute, by James L. Connaughton, Katie McGinty, Brent Alderfer, Roger Ballentine, Donnel Baird, Dan Esty, Roger Martella, Manisha Patel, Nancy Pfund, Rich Powell, Bill Ritter, Emily Schapira, and Michael Skelly; https://www.aspeninstitute.org/publications/building-cleaner-faster-report/ “Termination Shock” by Neal Stephenson; https://www.harpercollins.com/products/termination-shock-neal-stephenson Princeton faculty member Jesse Jenkins; https://cpree.princeton.edu/people/jesse-jenkins Donnel Baird and BlocPower; https://www.blocpower.io/
States' net zero and clean-energy goals are requiring the electricity sector to reduce emissions. Getting there means building new renewable energy projects and then connecting them to cities. But the grid is congested and needs more capacity for renewables and secure power supplies. New transmission lines could solve that problem. Private transmission developers are looking to build high-voltage, direct-current lines across multiple states. Among them is Michael Skelly. A decade ago, his company Clean Line Energy attempted to do this. Now he's back with another venture, Grid United. More cross-country connections would boost reliability and help get more renewable energy online. However, addressing different regulatory environments, stakeholder interests, and landowners—an important part of the process—make interstate transmission hard to build. Even with these challenges, long distance projects have been making headway. So, why is it important to build transmission across the country? Why are private developers taking on the task? And what's causing these projects to gain momentum in recent months? This week host Bill Loveless talks with Michael Skelly about the nation's transmission needs and how the development landscape has changed over the years. They discuss why momentum is growing to build more multi-state lines. Michael is the founder and CEO of Grid United. The company is currently involved in the North Plains Corridor project, which would be the first transmission connection between three regional U.S. electric energy markets in the Midwest, West, and Southwest.
Schedule all key meetings on Monday and Tuesday of the same week to siphon as much excitement as possible. Networking tips to get more pitches.
America is a place where if you can dream something — no matter how big or ambitious — you can do it. Unless you're trying to string 700 miles of high-voltage transmission lines to bring wind power from Oklahoma to Tennessee. Our guest this week is Russell Gold, author of a new book about the saga that unfolded when wind energy pioneer Michael Skelly tried just that. The book, Superpower, is all about Skelly's attempt to build one of the most ambitious energy infrastructure projects in recent history — and how he faced nearly every obstacle imaginable. What does Skelly's journey tell us about America's diminishing ability to do great things?Russell Gold is a veteran newspaper reporter who was a Pulitzer Prize finalist for his reporting on the Deepwater Horizon oil spill. He wrote a book in 2014 on the rise of fracking, called The Boom. He'll join us to talk about the reasons why Skelly's transmission plan failed.This is a rebroadcast of a 2019 episode. Privacy Policy and California Privacy Notice.
Russell Gold (@russellgold) is an author and award-winning investigative journalist and energy reporter at The Wall Street Journal best known for covering the Deepwater Horizon explosion and oil spill. They were awarded the Gerald Loeb Award for best business story of the year and were finalists for the Pulitzer.He's the author of The Boom: How Fracking Ignited the American Energy Revolution and Changed the World and his new book, Superpower: One Man's Quest to Transform Energy tells the story of Michael Skelly, who helped created the wind energy industry in the US in a push for sustainability.In today's episode we discuss:- How to speed the transition to renewable energy- The pros and cons of fracking and why it has a bad rap- Why the energy industry is so fragmented in the US- What we need MOST to see renewables replace the grid- How batteries are holding back cleantech- The pros and cons of monopolies in public infrastructure- Why Silicon Valley doesn't invest much in energy- How one innovator can change the course of history and energy consumption- What we NEED to do to combat climate change- Why Andy thinks going public is the way to go- Thoughts on Elon, Tesla and the future of transportation- What will journalism look like in ten years- Are billionaire-owned media corporations a net positive
In today’s episode, we cover:Skelly’s background and journey as a renewable energy entrepreneur.His formative experience in canopy tourism.The reasons and motives that drove Skelly to get into wind energy.His reflection on the Industrial Revolution.What has changed in renewable energy since he first began working in it.Texas’ experience with renewable energy.Skelly’s thoughts on existing nuclear energy power plants.The prospect of putting a price on carbon.The importance of transmission line infrastructure and the current impediments.Skelly’s experience running for Congress in Texas.The Green New Deal and its viability.The role of big fossil fuel companies in renewable energy.Links to topics discussed in this episode:Clean Line Energy Partners: https://www.cleanlineenergy.com/HBS Profile (with mention of Skelly’s experience in canopy tourism): https://www.alumni.hbs.edu/stories/Pages/story-bulletin.aspx?num=5899“Factfulness”: https://www.amazon.com/Factfulness-Reasons-World-Things-Better/dp/1250107814ERCOT: https://en.wikipedia.org/wiki/Electric_Reliability_Council_of_TexasForm Energy: https://formenergy.com/
In late June 2020, Covid-19 claimed one of the largest giants in the energy industry: Chesapeake Energy. Chesapeake is a leader in the fracking industry that had been on the rocks for a few years now. In this episode, we detail the rapid rise of the fracking industry with Russell Gold, WSJ senior energy reporter in Texas. Gold’s first book, "The Boom: How Fracking Ignited the American Energy Revolution and Changed the World," documents the invention of hydraulic fracturing in 1974, how it is both a threat and a godsend for the environment, and how it led the revival of manufacturing in the United States. We also discuss Gold’s second book, "Superpower: One Man's Quest to Transform American Energy," in which he discusses renewable energies and focuses on the legendary figure Michael Skelly, who used his Harvard Business School contacts to create impressive companies. The midwest can produce the most amount of renewable energies because of the cheap land and suitable climate, so Skelly’s vision was to build low-cost clean energy options between places such as Oklahoma and non-midwest states. The already crazily complicated deal was even further complicated by the strong political opposition at the time, from which we discuss the today’s landscape from The Green New Deal to a realistic vision for sustainable energy use. Russell Gold is an award-winning investigative journalist at The Wall Street Journal, responsible for covering all facets of global energy with a particular focus on the U.S. energy boom, power generation and the global energy transition. He’s been covering energy for the journal since 2002 and his reporting has taken him to five continents and above the Arctic Circle two times. In 2010, he was part of the Wall Street Journal team that covered the Deepwater Horizon explosion and oil spill. The Journal’s work was awarded the Gerald Loeb Award for best business story of the year and was a finalist for the Pulitzer Prize in National Reporting. In 2020, he will inaugurate a new beat the Journal: Climate change and business. Outside of his work at the Wall Street Journal he’s written two books. His first book, The Boom, was longlisted for the FT Goldman Sachs Business Book of the year prize in 2014. Superpower, his second book, was published in June 2019.
Michael Skelly is the former president and co-founder of Clean Line Energy Partners, a company that attempted to build a cross-country power line to send wind electricity to the Southeast. His nearly decade-long saga of Clean Line is filled with setbacks, frustrations and failures.“I do believe in progress. It comes in fits and starts and so maybe we're not successful but hopefully that the second mouse gets the cheese on these things,” says Skelly.But his career is filled with plenty of big successes. Before co-founding Clean Line, Skelly was the chief development officer for Horizon Wind. And earlier in his career, he built a mile-long ski lift in the jungle for eco-tourism. He knows a thing or two about complicated infrastructure.A book was recently written about his journey, called Superpower. It’s all about Skelly’s mission to build a 700-mile clean energy transmission superhighway -- and what happened as he grappled with the political and market forces stacking up against him. In our final episode of the season, we’ll talk about what Skelly learned from his experiences taking on big, daunting projects.Resources:Superpower: One Man’s Quest to Transform America’s Energy Axios: How America’s Biggest Renewable-Energy Power Line Failed
Weekend Breakfast with Alison Curtis is on the hunt for Ireland's Soundest Town, with thanks to our generous friends at Cadbury. Each month we will ask people around Ireland to tell us a little bit about why their hometown is the Soundest Town in Ireland. And this month we are delighted to announce the first winner of Soundtown 2020 is Moville in Donegal! Listen back to the winning moment by pressing the play button at the top of the screen. The 🎉WINNER🎉 of our April #SoundTown is #Moville #Donegal The town rallied together & raised over €66k for Health Care Workers due to the shortage of PPE. Not to mention local businesses getting involved to help out! Proper #SoundTown! 💛@CadburyIreland @AlisonTodayFM pic.twitter.com/QqleobxlZk — Today FM (@TodayFM) April 18, 2020 Nominated by Michael Skelly after the town of Moville got behind Edel McBride's #PledgeScrubs campaign. The #PledgeScrubs campaign aims to supply quality scrubs to Health Care Workers due to the shortage of PPE. Moville town rallied together and raised over €50k in the 24 hours on Edel's Go Fund Me Page. The total money raised is now over €67,000!! The local family owned shirt makers "Moville Clothing" transferred their skilled team from shirts to cotton-blend scrubs and are making these with all the money raised. Lots of the local community work at Moville Clothing and they are hard at work making the PPE for our treasured front liners and they supply local hospitals and care facilities. Every month one town will be chosen as that month’s Sound Town winner. They will be rewarded with a special plaque and a massive hamper of Cadbury goodies with each monthly finalist going on to win a chance of scooping a whopping €10,000 to spend on a community project of their choice. If you want to nominate your town head HERE! Listen back to the winning moment by pressing the play button at the top of the screen! Weekend Breakfast with Alison Curtis, Saturdays and Sundays from 8am!
In this episode, our panel sits down with Edmund Downie to discuss China’s vision for a Global Energy Interconnection, or 全球能源互联网 in Chinese. Downie is an energy analyst with the Analysis Group in Boston, and former Fulbright Scholar at Yunnan University in Southwest China. In past roles with Yale and the Centre for Policy Research in New Delhi, Downie has written extensively on South and Southeast Asia political and social issues, including for Foreign Policy magazine. While many Western analysts are skeptical about the Global Energy Interconnection plan, and its fantastical map of a world crossed by ultra-high voltage transmission lines stretching from New Zealand to Greenland and everywhere in between, Downie takes a nuanced view: “There are many things that GEI can achieve reflecting the interests driving GEI… The key is to think of [GEIDCO, the Global Energy Interconnection Development and Cooperation Organization] as a planning and research body that’s occupying a niche between global energy governance debates and more on-the-ground work [with countries] to figure out how they want to do their energy planning.” Various versions of the Global Energy Interconnection world map can be found online. Here is one from a 2019 GEIDCO slide showing the 9 horizontal and 9 vertical grids proposed under the plan: https://twitter.com/damienernst1/status/1136574555995148289. Ultra-high voltage (UHV) refers to alternating-current lines over 1,000 kV or over 800 kV for direct-current lines, under a Chinese definition. A summary of UHV development in China can be found here: https://www.caixinglobal.com/2018-11-06/china-to-speed-up-construction-of-ultrahigh-voltage-power-lines-101343605.html. A typical high-voltage transmission line in the U.S. would be 360 kV AC, and the U.S. operates a handful of high-voltage (+/- 500 kV) DC lines such as the Pacific DC Intertie, built in 1982, that connects California to the hydroelectric dams in the Pacific Northwest. Edmund Downie, “Sparks fly over ultra-high voltage power lines,” China Dialogue, January 29, 2018, at https://www.chinadialogue.net/article/show/single/en/10376-Sparks-fly-over-ultra-high-voltage-power-lines. Edmund Downie, “China’s Vision for a Global Grid: The Politics of Global Energy Interconnection,” Center for Strategic and International Studies, February 3, 2019, at https://reconnectingasia.csis.org/analysis/entries/global-energy-interconnection/. Biography of Liu Zhenya via Wikipedia: https://en.m.wikipedia.org/wiki/Liu_Zhenya Ned references Michael Skelly of Clean Line Energy. Here is a recent article about the company’s recent demise: Ros Davidson, “Ambitious Clean Line Energy ‘wrapping up’,” Windpower Monthly, February 1, 2019, at https://www.windpowermonthly.com/article/1523646/ambitious-clean-line-energy-wrapping-up. The scenario analysis game this time features a report from the Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia’s national science research agency. The report is P. Graham et al., “Modelling the Future Grid Forum scenarios,” CSIRO and Roam Consulting, 2013, at https://publications.csiro.au/rpr/download?pid=csiro:EP1311347&dsid=DS3. Note that the scenarios are highly simplified and the summaries we read out are not direct quotations from the CSIRO report.
Russell Gold (@russellgold) is an author and award-winning investigative journalist and energy reporter at The Wall Street Journal best known for covering the Deepwater Horizon explosion and oil spill. They were awarded the Gerald Loeb Award for best business story of the year and were finalists for the Pulitzer.He’s the author of The Boom: How Fracking Ignited the American Energy Revolution and Changed the World and his new book, Superpower: One Man’s Quest to Transform Energy tells the story of Michael Skelly, who helped created the wind energy industry in the US in a push for sustainability.In today’s episode we discuss:- How to speed the transition to renewable energy- The pros and cons of fracking and why it has a bad rap- Why the energy industry is so fragmented in the US- What we need MOST to see renewables replace the grid- How batteries are holding back cleantech- The pros and cons of monopolies in public infrastructure- Why Silicon Valley doesn’t invest much in energy- How one innovator can change the course of history and energy consumption- What we NEED to do to combat climate change- Why Andy thinks going public is the way to go- Thoughts on Elon, Tesla and the future of transportation- What will journalism look like in ten years - Are billionaire-owned media corporations a net positive
The U.S. energy landscape is rapidly changing. As the cost of wind and solar power drops, allowing these energy sources to compete against coal- and natural gas-fired power plants, pressure is mounting to develop an electric grid that can sustain more renewables and deliver their power to more homes and businesses throughout the country. In the book “Superpower: One Man’s Quest to Transform American Energy,” Wall Street Journal reporter Russell Gold chronicles Michael Skelly’s mission to improve the U.S. electric grid by building a network of transmission lines to connect solar and wind hotbeds to areas of the country where demand for energy is high. Experts in the field broadly agree that this grid integration is the key to unlocking the clean, affordable grid of the future. The book provides deep insights on the challenges of achieving such a system and the opportunities ahead. Recently, EPIC’s Director Michael Greenstone sat down with Russell Gold to talk about “Superpower,” the characters and lessons it details, and the future of the U.S. electricity grid.
As part of our book club at Soluna, our team read Superpower: One Man's Quest to Transform American Energy by Russell Gold. We had the pleasure of talking to that man, Michael Skelly. Michael pioneered the move to wind energy in 2000, when renewable energy provided only 10 percent of the power in the US, according to the Energy Department.In this episode, CEO John Belizaire guides a conversation with Skelly to learn more about his experience establishing the second largest wind power company in the US and the five phases of a development project. John also asks about Michael's emphasis on leadership, culture, and values at Clean Line, to which he says:“You have to constantly be learning, a culture of learning. In order to do that, you have to make sure people feel free to ask dumb questions.” And -- stay tuned until the end for some awesome book recommendations! Connect with us @TheKingdomPod@SolunaPower @jbelizaireCEOLiked what you heard? Be sure to rate us *5* stars, leave a quick review, and subscribe. Check out our blog, Clean Integration on Medium, for more or visit us at soluna.io
America is a place where if you can dream something — no matter how big or ambitious — you can do it. Unless you’re trying to string 700 miles of high-voltage transmission lines to bring wind power from Oklahoma to Tennessee. Our guest this week is Russell Gold, author of a new book about the saga that unfolded when wind energy pioneer Michael Skelly tried just that. The book, “Superpower,” is all about Skelly’s attempt to build one of the most ambitious energy infrastructure projects in recent history — and how he faced nearly every obstacle imaginable. What does Skelly’s journey tell us about America’s diminishing ability to do great things?Russell Gold is a veteran newspaper reporter who was a pulitzer prize finalist for his reporting on the Deepwater Horizon oil spill. He wrote a book in 2014 on the rise of fracking, called “The Boom.” He’ll join us to talk about the reasons why Skelly’s transmission plan failed.Then, two top presidential candidates are calling for a ban on fracking and promising to phase out nuclear power. What would be the consequences if a democrat actually put those promises into action?Finally: we’re digging into a piece from Jonathan Franzen in the New Yorker that got a lot of angry criticism. Should we just give up and stop pretending we can do anything about climate change?Support for this podcast is brought to you by Sungrow. With the world’s most powerful 250-kilowatt, 1,500-volt string inverter, Sungrow is providing disruptive technology for utility-scale projects.Subscribe to GTM podcasts via Apple Podcasts, Spotify, Google Podcasts, Stitcher or wherever you find your audio content.
In what Stratfor's Vice President of Global Analysis, Reva Goujon calls, "required reading," Wall Street Journal Energy Reporter, Russell Gold, tells the story of Michael Skelly, who foresaw an energy transition in the U.S from fossil-based to clean power. The following description comes from Russell Gold's Amazon book page for SuperPower! One Man's Quest to transform American Energy. Skelly, "an infrastructure builder who began working on wind energy in 2000, when many considered the industry a joke. Eight years later, Skelly helped create the second largest wind power company in the United States—which was sold for $2 billion. Wind energy was no longer funny; it was well on its way to generating a substantial percentage of the electricity in the United States."Hear a fascinating discussion about the global energy transformation underway and Russell Gold's take on the US energy picture.
Building high voltage transmission lines has never been easy, but now it's arguably both harder than ever, and more necessary than ever, as we seek to unlock the vast potential of wind and solar in the US and ship it to major population centers. But it's not a business for the faint of heart, as we'll hear in this incredible story by award-winning investigative reporter and author Russell Gold of the Wall Street Journal. His new book, Superpower, chronicles the story of Michael Skelly, a developer who spent a decade and a great deal of money trying to build five major transmission lines in the US to support the burgeoning wind industry, only to be undermined, deceived, shot down, and ultimately driven to giving up, by people who opposed the lines for their own selfish interests. It's an amazing story and a great cautionary tale for any prospective transmission line developer, as well as a wellspring of crucial insights that will benefit all who work in energy transition.
Building high voltage transmission lines has never been easy, but now it's arguably both harder than ever, and more necessary than ever, as we seek to unlock the vast potential of wind and solar in the US and ship it to major population centers. But it's not a business for the faint of heart, as we'll hear in this incredible story by award-winning investigative reporter and author Russell Gold of the Wall Street Journal. His new book, Superpower, chronicles the story of Michael Skelly, a developer who spent a decade and a great deal of money trying to build five major transmission lines in the US to support the burgeoning wind industry, only to be undermined, deceived, shot down, and ultimately driven to giving up, by people who opposed the lines for their own selfish interests. It's an amazing story and a great cautionary tale for any prospective transmission line developer, as well as a wellspring of crucial insights that will benefit all who work in energy transition.
This is a webinar that I presented in partnership with CPA Academy. I'm honored to lecture for such a fine CPE provider. For those who are interested in obtaining CPE credit, click here to sign up. Below is more information about the program: Course Description In one of the climactic scenes from 1954’s On The Waterfront, Crime Commission prosecutors had to make their corruption case against union boss Johnny Friendly (a/k/a Michael Skelly) by convincing a reticent yet pure-hearted Terry Malloy to come forward and tell what he knew about corruption in the International Longshoremen’s Association, beginning with the murder of Joey Doyle, because an underling insisted that “we were robbed last night and can’t find no books.” If that same case came up in 21st Century tax court, Eva Marie Saint and Karl Malden could’ve stayed at home rather than serving as Marlon Brando’s cheering section, because government prosecutors could reconstruct the ILA’s income, based on the records retention requirements in Section 6500 et seq. In other words, the conventional wisdom that only divine beings can create something out of nothing does not apply in income tax evasion cases. Is it enough for the government to pull a metaphorical rabbit out of a metaphorical hat, or are there some additional requirements? Learning Objectives: Elements of Tax Evasion Define Substantial Tax Deficiency Methods of Proof --- Support this podcast: https://anchor.fm/mike36/support
This is a webinar that I presented in partnership with CPA Academy. I'm honored to lecture for such a fine CPE provider. For those who are interested in obtaining CPE credit, click here to sign up. Below is more information about the program: Course Description In one of the climactic scenes from 1954’s On The Waterfront, Crime Commission prosecutors had to make their corruption case against union boss Johnny Friendly (a/k/a Michael Skelly) by convincing a reticent yet pure-hearted Terry Malloy to come forward and tell what he knew about corruption in the International Longshoremen’s Association, beginning with the murder of Joey Doyle, because an underling insisted that “we were robbed last night and can’t find no books.” If that same case came up in 21st Century tax court, Eva Marie Saint and Karl Malden could’ve stayed at home rather than serving as Marlon Brando’s cheering section, because government prosecutors could reconstruct the ILA’s income, based on the records retention requirements in Section 6500 et seq. In other words, the conventional wisdom that only divine beings can create something out of nothing does not apply in income tax evasion cases. Is it enough for the government to pull a metaphorical rabbit out of a metaphorical hat, or are there some additional requirements? Learning Objectives: Elements of Tax Evasion Define Substantial Tax Deficiency Methods of Proof