Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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



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.




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.   


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

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 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

Another case of stating the obvious…

Posted by taxguru on June 29, 2016

New Documents Suggest IRS’s Lerner Likely Broke the Law

It would be a lot more newsworthy if they could find anyone in the bHo Regime who isn’t a law breaking criminal.

Posted in Crooks, IRS | Comments Off on Another case of stating the obvious…

Show Biz Tax Breaks (re-post)

Posted by taxguru on June 21, 2016

The panel on The Jeselnik Offensive discusses tax deductions for rappers and comedians. 

I had posted this almost three years ago, but just now received a copyright complaint from Viacom via YouTube about its content, so I have uploaded it to WordPress instead.




Posted in Deductions, video | Comments Off on Show Biz Tax Breaks (re-post)

The Other “TaxMan” Song

Posted by taxguru on June 21, 2016

Over the past few decades, I have posted several renditions by various artists of George Harrison’s classic TaxMan song which was first heard on the 1966 Beatles album, Revolver.

Here is a new performance of a similar song, Cheap Trick’s “Taxman, Mr. Thief” that is often referred to as just TaxMan.

This is from a recent episode (#75) of Live From Daryl’s House, where Daryl Hall performs a variety of songs with other musicians.

This song is not as well known or widely covered as George Harrison’s, but has very similar sentiments.  It was first released on Cheap Trick’s debut album in 1977.  A cover version of this song by The Dream Police was included in Coverville’s Tax Day Tribute that I wrote about in April.

The lyrics, courtesy of AZLyrics:

You work hard, you make money
There ain’t no one in this world who can stop you
You work hard, you went hungry
Now the taxman is out to get you
You worked hard
And slaved and slaved for years
Break your back sweat a lot
Well, it’s just not fair
He hates you, he loves money
And he’ll steal your shit and think that it’s funny
Like the Beatles he ain’t human
Now the taxman is out to get you
You worked hard
And you slaved and slaved for years
You played
And you played and played for years
Taxman, Mr. Heath (he’s a thief)
He’s looking for run-in, yeah
Taxman, Mr. Heath (he’s a thief)
He’s looking for run-in, yeah
You work hard, you make money
There ain’t no one in the world who can stop you
You work hard, you went hungry
Now the taxman is out to get you
You worked hard
And you slaved and slaved for years
Break your back sweat a lot
Well, it’s just not fair
Taxman, Mr. Heath (he’s a thief)
He’s looking for run-in, yeah
Taxman, Mr. Heath (he’s a thief)
He’s looking for run-in, yeah


Audio Version:


Video Version:



Posted in Music, TaxMan | Comments Off on The Other “TaxMan” Song

The “Feel-Good” Headline of the Day…

Posted by taxguru on June 15, 2016

The first step in his impeachment and removal from his position as head of the most feared governmental agency.

House committee votes to censure IRS commissioner

Posted in Crooks, IRS | Comments Off on The “Feel-Good” Headline of the Day…

IRS can’t protect our private data…

Posted by taxguru on June 9, 2016

It’s not a good feeling  to realize that we are all forced, at the point of a gun, to reveal every single bit of our financial information to our overlords at the IRS, who can’t seem to do a very good job of protecting that information from the (other) bad guys who want to steal our money and our identities.  And, as if that isn’t bad enough, when the top dogs at IRS are confronted with these facts, they lie about how extensive their security lapses are.  This lack of honesty isn’t actually very surprising, considering the IRS Commissioner’s penchance for committing perjury in his own congressional testimony.

IRS computer hack was worse than agency admitted

Posted in Crooks, IRS | Comments Off on IRS can’t protect our private data…