Posted by taxguru on October 12, 2016
It’s no secret that the Marxist candidate for President wants to continue the destruction of the private sector by converting more of it to government ownership.
Tax Foundation has actually taken the time to do a detailed study of Hitlery’s plans for our tax systems.
Details and Analysis of Hillary Clinton’s Tax Proposals, October 2016
Since it has been proven on countless occasions that everything out of Hitlery’s mouth is a lie, I doubt that the actual details will match these. However, we can be assured that, if the Clinton Crime Family succeeds in retaking the White House, there will be a huge increase in the amount of money that will be stolen from those of us who try to make money honestly and given to those who agree to trade their votes for money from the criminals in DC.
Even though tax policy and legislation are technically the responsibility of Congress, there is little doubt that the GOP eunuchs in DC will be just as scared of opposing the first female president as they have been the last eight years with the first African-Indonesian pResident.
Posted in Hitlary, TaxFoundation, TaxHikes | Comments Off on Hitlery’s Tax Hiking Plans
Posted by taxguru on September 29, 2016
Sherry found this hilarious video of a guy turning the tables on a telephone scammer who can barely speak English and wants the victim to pay delinquent Federal taxes to IRS by purchasing Target gift cards. There are too many obvious signs that this call is a scam to even count; but some people still fall for these.
There is one very interesting twist to this phone call that I have never seen described in any other accounts of similar scam IRS calls. After the intended victim reveals that he is screwing with the scammer, the scammer basically claims to be a Pakistani terrorist follower of Osama Bin Laden. Has our FBI looked into the possibility that the IRS imposters are funding Islamic terrorist organizations?
Posted in Crooks, IRS, video | Comments Off on One way to deal with IRS imposters…
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?
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?”
Posted in IRS | Comments Off on IRS Commissioner tries to defend his perjury to Congress…
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
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…
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.
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
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
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.
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.
Posted in Clinton, TaxReturns | Comments Off on 2015 Clinton 1040 Revealed
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.
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.
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
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