The Clintons took improper tax deductions for losses and expenses in the Whitewater land deals.  Then, at the instruction of their attorney, in 1996, the Clintons had to amend their tax returns to pay the IRS for the improper and excessive deductions related to Whitewater. Jeff Gerth reported in the NY Times on 05/25/96: White House disclosed today that President Clinton and his wife, Hillary, paid the Government $2,910 in back taxes and interest earlier this month as a result of incorrect income tax filings in the 1980's relating to their Whitewater real estate investment. The payment was made on May 1, after outside experts had reviewed the Clintons' tax returns at the request of the couple's personal lawyer, David E. Kendall. Mr. Kendall had requested the review in response to a report issued last August by Representative Jim Leach, the Iowa Republican who is chairman of the House Committee on Banking and Financial Services. In that...(Read Full Post)