Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

What could go wrong here?

Posted by taxguru on September 26, 2016

New Private Debt Collection Program to Begin Next Spring; IRS to Contract with Four Agencies; Taxpayer Rights Protected

It’s not bad enough that people have had to deal with scammers posing as IRS personnel via threatening phone calls and emails.  Now IRS has enlisted the services of four private sector collection agencies to squeeze money out of delinquent tax(non)payers.  They tried this approach a few years ago and quietly dropped it as unsuccessful.  I have no idea why they expect better results this time.

How long do you think it will be before scammers will be impersonating these companies and trying to harass people into paying them for bogus tax debts?  I’m guessing those scumbags will be on the prowl within days from now.

The IRS promise to protect taxpayers from abuses by these outside collectors fails to instill any confidence after the agency’s continuing inability to protect us against criminal abuses by their own employees, such as Lois Lerner and John Koskinen. 

Posted in collections, IRS | Comments Off on What could go wrong here?

IRS Commissioner tries to defend his perjury to Congress…

Posted by taxguru on September 21, 2016

The new euphemism for perjury is “faulty testimony.”

IRS boss Koskinen takes heat at impeachment hearing for faulty testimony

I’m sure he is thinking, “Everybody lies in DC.  Why should I be singled out for punishment?”

bHo-oncouch(2016-09-22)

Posted in IRS | Comments Off on IRS Commissioner tries to defend his perjury to Congress…

Trump’s Tax Issues That Would Affect Us

Posted by taxguru on September 19, 2016

It’s a normal part of political campaigns to focus attention on issues that really have no bearing on the big picture of who would be the better president.  The Hitlery campaign has been trying to make a big deal out of Trump’s refusal to reveal his personal income tax returns to the public.  While his excuse for not revealing them, an IRS audit, is bogus, I actually admire his stand as one more non-traditional campaign tactic that has thrown the DemonRats and their enemedia propagandists completely off balance. 

However, even if Trump were to cave in to the pressure to open his tax returns up for media scrutiny, what difference will those have on any of us in the real world?  Zip, zero, nada.  His opponents just want to find something on the returns that they can use to shame or embarrass Trump.  

What would actually affect our personal and business lives in the future are the changes that could be made to the tax system under a new presidential administration.  Tax Foundation has just published a very interesting in depth analysis of Trump’s plans to modify the Federal income tax system.

Details and Analysis of the Donald Trump Tax Reform Plan, September 2016

Again, since most politicians will say absolutely anything in order to win votes, there is no guarantee that campaign promises will become reality.  However, it does give us a taste of what a candidate’s economic platform may look like. 

Hitlery’s economic beliefs have always been well known, so there really isn’t any need for much new analysis.  We can just refer to her guiding philosophy.

Posted in TaxReform, Trump | Comments Off on Trump’s Tax Issues That Would Affect Us

A headline I never expected to see…

Posted by taxguru on September 13, 2016

Something to ponder during this Tax Season, leading up to the October 17 extended due data for 2015 1040s.

Republicans submit resolution to impeach IRS commissioner

Hopefully, this is the first of many similar headlines we will be seeing.  Everyone knows that there is no shortage of flagrant lawbreakers in the current (second term) and previous (first term) bHo Regimes.

Posted in IRS | Comments Off on A headline I never expected to see…

The latest “Going-Nowhere” Headline

Posted by taxguru on August 20, 2016

IRS Launches Investigation Of Clinton Foundation

Anyone expecting this to lead to any actual actions against the Clinton Organized Crime Family must have the shortest memory in the world.  Before the announced results of the FBI’s investigation of Hitlery’s treasonous actions with her email, the FBI chief had a public reputation of being an honest straight shooting law enforcement official.  That reputation was shot to smithereens when he proclaimed that laws do not apply to the Clintons. 

With the IRS, we have a commissioner and other top officials who have already  publicly perjured themselves in order to cover up crimes committed by the current bHo Regime.  To expect any of them to in the least bit sully the great philanthropic reputation of the Clinton Crime Foundation is ludicrous.     

Clinton-Crime-Laundromat-C

The Clinton Organized Crime Family has raked in billions of dollars in bribes from around the world that have been used to keep them living the lives of kings and queens.  If they succeed in retaking the White House, their takings will reach into the trillions, as they will have the ability to plunder the full US Treasury.

On the campaign trail, Billary will actually continue to brag about their charitable giving because of the millions they have deducted on their 1040s for payments to their illegal crime foundation.

A good summary of how their crime foundation works is the recently released documentary version of the extremely well documented and not disproven book, Clinton Cash.  The full documentary is available on YouTube.

 

Update: Hillary’s campaign denies FBI, IRS investigations into Clinton Foundation

Normally, given Hitlery’s track record of having 99.99% of everything she has said being an outright lie, this could very well be true.  Both IRS and FBI are tools of the bHo Regime and are being used very aggressively to maintain DemonRat control of the government. It’s futile to expect anyone at IRS or FBI to do anything to harm the Clintons’ chances of taking back the White House for their third and fourth terms. 

Posted in Clinton, Crooks | Comments Off on The latest “Going-Nowhere” Headline

2015 Clinton 1040 Revealed

Posted by taxguru on August 19, 2016

The Clinton campaign released a copy of the Billary Clinton 2015 1040 to the public today, even though they were signed on 3/27/16.  No mention of why they waited four and a half months to release the return.

You can download a copy of this return via the Tax Analysts’ web-page I mentioned a little while ago.  It’s a 40 page PDF file.

I glanced over the return and have a few observations.

Gifts to Charity on Schedule A is $1,042,000.  The details of this on backup Schedule 4 are as follows: 

Desert Classic Charities                                       $42,000
The Clinton Crime Family Foundation           $1,000,000

Just as I discussed last year, 96% of the Clinton “charitable donations” for 2015 are payments to their own personally controlled illegal organized crime foundation.

From Daily Caller: 96 Percent Of Hillary’s Charitable Donations In 2015 Went To Clinton Foundation plus interesting discussion of this on Lucianne.com

 

HitleryDonation(2016-08-17)

Something that I haven’t seen mentioned anywhere else.  Besides Bill’s use of an LLC (WJC, LLC) on Schedule C for consulting income, Hitlery is also using her own LLC on two Schedules C to report speaking and writing income.  She also used this LLC on their 2014 1040. It’s called ZFS Holdings, LLC.  No mention of what the initials ZFS stand for.  Does anybody know?

As with their 2014 disclosure, there are no copies of their State income tax returns, although you can see that they deducted $1,369,277 for State Income Taxes Paid on Schedule A of their 1040.

ClintonRedKettle2WebCR-8_16_16

Trump is standing firm on his strategy of not making public his tax returns, in spite of Hitlery’s attempts to publicly harass and shame him into doing so.  Given the fact that IRS and other government agencies  flagrantly break all laws in the support of DemonRat politicians, I’m sure someone at IRS will "accidentally" leak copies of the Trump tax returns to their allies in the left-wing press who are acting as blatant propagandists for the DemonRat Party.

 

EmailTaxReturns(8-1-16)

 

TaxCoach Software: Are you giving your clients what they really want?

Posted in Clinton, TaxReturns | Comments Off on 2015 Clinton 1040 Revealed

Comparing Tax Reform Campaign Promises

Posted by taxguru on August 17, 2016

As is their practice every four years, the masterminds at TaxCoach have prepared a side by side chart comparing the tax related campaign promises by the two main presidential candidates.   

Campaign2016TaxProposals

This is for entertainment purposes only.  I’m not expecting too many people to base their election preferences on this because, as we all know, campaign promises rarely turn into reality.

BSTrailer(8-2-16)

 

In the sense of fairness, I need to remind everyone that there will be more than two choices on the November presidential ballot, which is great for those who can’t stomach voting for either Trump or Hitlery.  Gary Johnson of the Libertarian Party will be on the ballot in all 50 states and may even be in the big debates if his name is included in more preference polls.  His tax policy can be found here on his campaign website.

Today’s federal tax code does all the wrong things. It penalizes productivity, savings and investment, while rewarding inefficiency and designating winners and losers according to political whim.

For far too long, tax laws have been used not just as a means to collect needed revenues, but as a way for special interests to penalize their competitors while subsidizing themselves. The result is a tax code that is more than 70,000 pages long, enforced by a government agency with almost 100,000 employees. As a result, our tax code has created a nightmare for the average American, while providing shelter for those with the means to manipulate it.

Governor Johnson advocates for the elimination of special interest tax loopholes, to get rid of the double-taxation on small businesses, and ultimately, the replacement of all income and payroll taxes with a single consumption tax that determines your tax burden by how much you spend, not how much you earn. Such a tax would be structured to insure that no one’s tax burden for the purchase of basic family necessities would be increased. To the contrary, costs of necessities would likely decrease with the elimination of taxes already included in the price of virtually everything we buy.

Many leading economists have long advocated such a shift in the way we are taxed, and Gary Johnson believes the time has come to replace our current tax code, which penalizes the savings, productivity and investment we so desperately need.

Stop special interest loopholes. Reward responsibility. And simplify our tax code.

 

It’s been a while since I have mentioned the benefits for tax pros of subscribing to the TaxCoach service.  It has actually become more useful every year, as they continually add new features.  The weekly call-ins among the TaxCoach members are extremely informative.  Any tax pro wanting a great reference source for tax saving ideas, as well as methods of expanding their practice should check out TaxCoach.  My two main tax reference sources for the past few years have been TaxCoach and TheTaxBook as I let my subscriptions to the many other ones lapse.

Posted in TaxReform | Comments Off on Comparing Tax Reform Campaign Promises

IRS Still Persecuting Conservatives

Posted by taxguru on August 14, 2016

and it will get a hundred times worse if the Clinton Crime Family gets back into the White House.   

Federal court finds IRS may still be targeting conservatives

Posted in Crooks, IRS | Comments Off on IRS Still Persecuting Conservatives

Asking the Fox to guard the henhouse…

Posted by taxguru on July 28, 2016

Here’s a perfect example, in today’s news, of how insane it is to expect the IRS to seriously investigate the crimes of the Clinton Family Crime Foundation.

Documents indicate IRS officials knew of Tea Party targeting since 2011

Judicial Watch has been doing the job that the elected Republican leaders should have been doing.  While it is extremely unlikely that anyone at IRS will ever be punished for any of the crimes they committed in persecuting opponents of the DemonRat Party, the exposure of the extent of those crimes is helpful in understanding how the ruling class functions in Washington DC, the District of Corruption.

Posted in Crooks, IRS | Comments Off on Asking the Fox to guard the henhouse…

Politicians’ Tax Returns

Posted by taxguru on July 14, 2016

I was researching for a comment on my favorite news site about a recent article that discusses the Clinton Crime Foundation, and wanted to get new copies of the Clintons’ income tax returns.  While there are links on several sites, including Hitlery’s campaign, I came across a treasure trove of tax returns for all US Presidents from FDR forward, plus several of the candidates.  Still nothing from Trump, but several others are there. 

This is a very handy reference, produced by the good folks at TaxAnalysts.  Anyone interested in these authorized peeks into the normally private finances of politicians should bookmark this site.  Having links to everyone’s tax returns in one place is a huge time saver over having to visit several individual sites.

Tax History Project – Presidential Tax Returns 

The discussion threads at Lucianne.com only stay active and online for a few days, so here is a copy of what I posted.

As I’ve pointed out previously, almost all of the charitable contributions claimed on the Clintons’ 1040s over the past several years have been payments to their own bogus foundations. I can´t locate a copy of their 2015 tax returns, but on their 2014 Schedule A, they have deducted $3,000,000 of charitable contributions to The Clinton Family Foundation. And they have the nerve to accuse others of cheating on their taxes.

Posted in TaxReturns | Comments Off on Politicians’ Tax Returns