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Jim Hudson is an expert advisor who helps individuals and corporations manage their taxes efficiently. With over 40 years of experience, he crystallizes client tax problems and directs them to professionals. He also educates individuals on tax obligations and avoiding evasion through information packs. His clients have enjoyed billions in tax savings over his career. Hudson advises clients on active audits and IRS conflicts, helping them hire compatible attorneys and accountants.
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This document discusses corporate inversions, where US companies restructure so their parent company is foreign to avoid high US corporate tax rates. Bermuda and Cayman Islands became popular locations. The US responded with a law in 2004 limiting tax benefits for inversions. However, companies could still reduce taxes by establishing foreign subsidiaries in low-tax countries like Ireland. Johnson Controls merged with Tyco and moved to Ireland, saving millions in taxes. Politicians argue this costs the US and states tax revenue, while advocates say lower corporate taxes could attract companies back to the US.Quest for tax reform-white paper - 8-2014
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The document discusses opposition to proposed tax hikes under President Obama, highlighting that increased taxes will negatively impact middle-income taxpayers and American businesses. It advocates for the permanence of lower taxes, the elimination of the death tax and the alternative minimum tax, and a reduction in corporate income taxes to enhance economic growth and job creation. The overall message stresses the need for Congress to reject tax increases and support policies that allow the economy to flourish.July 2017 facts & tax federal government targets tax planning using pri...
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1. Increased competition. If one business does not lower prices after receiving the HST rebate, competitors have an incentive to lower their prices to gain market share. This competitive pressure forces businesses to pass on savings.
2. Transparency of pricing. With the HST, the total sales tax paid is visible in the final price. This makes it easier for consumers to compare prices between businesses and shop for the lowest price.
3. Maintain profit margins. To maintain their profit margins as input costs fall due to the HST rebate, businesses need to either lower prices or increase sales volume. LoweringA brief history of slavery in canada feb 28 thane
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The document summarizes the history of taxation in Canada, beginning with the Bank Act of 1913 transferring control over currency from the government to private banks. This led to the creation of national debt. During WWI, the federal government introduced income tax to fund the war, though it was intended as temporary. After the war, income tax remained in place. The document discusses opposition from provinces to the federal government overtaxing income and invading provincial taxation rights protected by the British North America Act. Provincial leaders argued this centralized power in Ottawa and threatened national unity and provincial autonomy over key areas like education and healthcare.Paper on tax havens
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2) It specifically calls out the City of London Corporation for creating regulations that undermine other jurisdictions and enable secrecy and offshore tax evasion.
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ProPublica revealed that the wealthiest Americans often pay a minimal or no income taxes, with tax rates at about 3.4% for the ultra-rich compared to 14% for average earners. In response, there is discussion in Congress about implementing a minimum tax to ensure the ultra-rich contribute more similarly to average taxpayers. While this could balance budgets and reduce average taxes, significant complexities remain regarding the existing tax deductions and potential implications for the federal deficit.Belajar menulis aksara batak versi 1.1
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油
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油
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油
The document discusses whether P.L. 86-272, a 1959 law that protects businesses from state income taxes if they only solicit sales in a state, is unconstitutional or discriminatory. It notes that the law does not apply to companies that sell services or intangibles. This means those companies can face state income tax liability even if their in-state activities are limited to solicitation. However, companies that sell tangible goods are protected from taxation under similar circumstances. The author argues this unequal treatment may violate the equal protection clause of the 14th Amendment and questions whether updating or changing P.L. 86-272 is overdue to address this potential unconstitutionality.Economic Recovery Act 3020
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油
The document discusses Congressman Jim Jordan and the Economic Freedom Act, a bill introduced to replace stimulus plans and promote economic recovery through reducing taxes and government spending. The bill would halve the payroll tax for 2010, eliminate the capital gains and death taxes, and lower the corporate tax rate to 12.5% to encourage business growth and job creation. However, the bill currently remains in committee as Democrats are unlikely to allow it to the House floor, but Republicans may support bringing it to a vote if they gain a majority in November. Congressman Tom Rooney also announced his support for the bill, arguing it would help Florida businesses and address the state's high unemployment rates.Government Intervention & its Effects on the Economy
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油
The document discusses the effects of government intervention in markets. While governments intervene to address inefficiency and maximize social welfare, intervention often has the opposite effect. Common forms of intervention include taxation, which dampens the economy by taking money from consumers and businesses, and price setting/subsidies, which force consumers to pay higher prices. Though interventions aim to solve short-term problems, they cause long-term harm to the economy. The document argues that leaving markets free of intervention allows workers, businesses and resources to be allocated most efficiently to meet consumer needs. The government's role should be to protect rights and establish security, justice and arbitration systems rather than interfere in markets.Checklist for Congress: Page 3
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油
The document discusses opposition to proposed tax hikes under President Obama, highlighting that increased taxes will negatively impact middle-income taxpayers and American businesses. It advocates for the permanence of lower taxes, the elimination of the death tax and the alternative minimum tax, and a reduction in corporate income taxes to enhance economic growth and job creation. The overall message stresses the need for Congress to reject tax increases and support policies that allow the economy to flourish.July 2017 facts & tax federal government targets tax planning using pri...
July 2017 facts & tax federal government targets tax planning using pri...Paula MacLellan, FMA, FCSI,CIWM
油
The document summarizes the Canadian government's proposals to close tax loopholes involving the use of private corporations. It discusses three key areas the government aims to target: 1) Income sprinkling by diverting corporate income to family members subject to lower tax rates, 2) Multiplication of the lifetime capital gains exemption, and 3) Retaining passive investments in a corporation to benefit from lower corporate tax rates. The government is seeking public comments on these proposals by October 2017 and accounting firms like Hilborn LLP will be advising their clients on how the changes may impact them.Small Business
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油
The document discusses proposed legislation in Colorado that would eliminate various business tax credits and exemptions, generating $145 million in additional tax revenue for the state. The bills are aimed at addressing Colorado's $1 billion budget shortfall but are worrying small business owners who fear they will be overburdened. While supporters say the bills target loopholes and special interests, critics argue the bills will hurt innovation, job creation, and small businesses.Principle of abiity to pay
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油
The document discusses the principle of ability to pay and progressive taxation in Nepal. It states that those with more wealth or higher incomes should pay more in taxes, as a means of income redistribution. It also explains that tax burden should relate to one's ability to pay taxes, not what they receive from the government. It then analyzes different ways to measure ability to pay, concluding that income is the best measure. The document finishes by defining progressive taxation as when tax rates increase as income increases, and provides Nepal's income tax rates as an example.Taxation and Corporate Citizenship
Taxation and Corporate CitizenshipHector Rodriguez
油
The document discusses various perspectives on corporate taxation and citizenship. It describes how taxes are essential but some corporations avoid paying their fair share through legal tax minimization strategies or even evasion. While tax planning is legitimate, cases like UBS, KPMG, and Walmart show how companies claim high ethics but engage in questionable tax avoidance that lacks transparency. Ultimately, the only relevant factor is how much tax a company actually pays rather than how it pays it.2015 Prescription for America Rebrand and Rebuild
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油
The document outlines a comprehensive political manifesto calling for a revolution in American governance, emphasizing the need to uphold the Declaration of Independence and reconfigure government roles to enhance individual rights and accountability. It addresses issues such as economic inequality, healthcare reform, criminal justice improvements, environmental concerns, and calls for significant changes in tax policy and corporate regulation. The document proposes a series of reforms, including establishing universal healthcare, a universal citizenship class, and reinvigorating local economies through more state power and increased transparency in governance.Irs tax relief press release
Irs tax relief press releaseJessie Sparks
油
IRS Tax Relief was formed to provide advice to taxpayers struggling with tax bills and debts. The company is headed by Michelle Strauss, an experienced tax attorney. The company offers information on its website to help taxpayers understand their options for dealing with tax problems, such as payment plans and tax relief programs, rather than selling a specific service. Recent economic hardship has led to more people falling behind on taxes, but IRS Tax Relief can provide information on ways to reduce tax burdens through the IRS or tax professionals.HST OR PST/GST - It's Your Decision
HST OR PST/GST - It's Your Decisionhstinbc
油
Here are a few key reasons why businesses are likely to pass on their HST tax rebates to consumers:
1. Increased competition. If one business does not lower prices after receiving the HST rebate, competitors have an incentive to lower their prices to gain market share. This competitive pressure forces businesses to pass on savings.
2. Transparency of pricing. With the HST, the total sales tax paid is visible in the final price. This makes it easier for consumers to compare prices between businesses and shop for the lowest price.
3. Maintain profit margins. To maintain their profit margins as input costs fall due to the HST rebate, businesses need to either lower prices or increase sales volume. LoweringA brief history of slavery in canada feb 28 thane
A brief history of slavery in canada feb 28 thaneThane Heins
油
The document summarizes the history of taxation in Canada, beginning with the Bank Act of 1913 transferring control over currency from the government to private banks. This led to the creation of national debt. During WWI, the federal government introduced income tax to fund the war, though it was intended as temporary. After the war, income tax remained in place. The document discusses opposition from provinces to the federal government overtaxing income and invading provincial taxation rights protected by the British North America Act. Provincial leaders argued this centralized power in Ottawa and threatened national unity and provincial autonomy over key areas like education and healthcare.Paper on tax havens
Paper on tax havensB. Shadrach
油
1) The document discusses how tax havens like London, New York, and Hong Kong enable $21-32 trillion in wealth to be hidden from governments, depriving developing nations of tax revenue that could help end poverty and hunger.
2) It specifically calls out the City of London Corporation for creating regulations that undermine other jurisdictions and enable secrecy and offshore tax evasion.
3) Indians have more than $500 billion illegally stashed in foreign tax havens, more than any other country, which could help India achieve its development goals in areas like nutrition, education, and healthcare.Tax Rates for the Ultra Rich
Tax Rates for the Ultra RichInvestingTips
油
ProPublica revealed that the wealthiest Americans often pay a minimal or no income taxes, with tax rates at about 3.4% for the ultra-rich compared to 14% for average earners. In response, there is discussion in Congress about implementing a minimum tax to ensure the ultra-rich contribute more similarly to average taxpayers. While this could balance budgets and reduce average taxes, significant complexities remain regarding the existing tax deductions and potential implications for the federal deficit.July 2017 facts & tax federal government targets tax planning using pri...
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Vca Panorama Issue 2 2012 Jan17mkklgood
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The document summarizes key provisions of the Bush-era tax cuts that are set to expire at the end of 2012 unless extended by Congress. It discusses lowering of individual income tax rates, capital gains rates, the estate tax exemption, and the alternative minimum tax. It also provides an update on efforts by Mexico to expand its tax information exchange agreement with the US.VCA Panorama Issue 2
VCA Panorama Issue 2Craig Brubaker
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The document discusses several tax-related topics:
1) It provides a refresher on the key provisions of the Bush-era tax cuts that are set to expire at the end of 2012, including lower tax rates for capital gains and dividends and an increased estate tax exemption.
2) It reports on Mexico's request to expand its tax information exchange agreement with the US to include bank account information, but notes the US has not yet agreed due to concerns about protecting its own financial system.
3) It defines a durable power of attorney and explains that it grants an agent legal authority to perform actions on behalf of the principal as long as the principal has legal capacity.
4) It alerts readersFinancial planning introduction fall 2010
Financial planning introduction fall 2010dphil002
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This document provides an overview of an income tax and financial planning class. It outlines the class schedule, grading structure, attendance policy, and history of income tax legislation in the United States. It also summarizes several key tax acts and the legislative process for passing tax laws. Sources of tax law information are defined including the Internal Revenue Code, Treasury Regulations, and court rulings. The concepts of tax planning and minimizing tax liabilities within legal means are introduced.Us Taxation Of Foreign Income Gary Clyde Hufbauer Ariel Assa
Us Taxation Of Foreign Income Gary Clyde Hufbauer Ariel Assatakkeuaki
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Us Taxation Of Foreign Income Gary Clyde Hufbauer Ariel Assa
Us Taxation Of Foreign Income Gary Clyde Hufbauer Ariel Assa
Us Taxation Of Foreign Income Gary Clyde Hufbauer Ariel Assa4th Annual Tax Update
4th Annual Tax UpdateInsero & Co. CPAs, LLP
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The document provides an overview of the 4th annual tax update featuring presenters Steven Mills, Don Susswein, and Mark Peterson, discussing individual tax brackets, alternative minimum tax exemptions, dividend rates, and other significant tax issues as of January 1, 2013. It also includes recommendations for tax planning amidst the evolving tax landscape, emphasizing the importance of being proactive in managing tax liabilities and understanding the implications of the Affordable Care Act. The document concludes with various observations about tax reform and its historical context.Monetary & fiscal policy
Monetary & fiscal policyCody Box
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This document discusses monetary policy, fiscal policy, and proposals to address unemployment in the United States. It analyzes the impact of the US housing bubble and the Iraq war on the economy, and argues that investing in green jobs and infrastructure could help stimulate growth and reduce unemployment over multiple years. The document also considers alternatives to traditional fiscal and monetary approaches such as eliminating the income tax in favor of a national sales tax.Chapter1Introduction to Federal Taxation and Understanding the
Chapter1Introduction to Federal Taxation and Understanding theJinElias52
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Chapter 1 introduces federal taxation, outlining its objectives and concepts, including types of taxes, collection methods, tax avoidance versus evasion, and the legislative process. It emphasizes the significance of taxes in government revenue, with individuals contributing over half of tax collections. The chapter also discusses various tax types, recent trends in tax revenue, and proposals for alternative tax systems, such as flat and consumption taxes.As with most things in economics, taxation is a mixed blessing. It.docx
As with most things in economics, taxation is a mixed blessing. It.docxfredharris32
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The document discusses the role of taxation in the economy, detailing its historical evolution, types (progressive, regressive, and proportional), and impacts on individuals and government programs. It explains how fiscal and monetary policies shape the economy, alongside investments and wealth creation principles influenced by inflation and market dynamics. Lastly, it examines the complexities of microeconomics and the importance of understanding economic systems for effective business management.Unit 6
Unit 6amel1a_ec0n
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Taxes allow governments to provide goods and services by generating revenue. The US Constitution grants Congress the power to collect taxes to fund the common defense and general welfare. Federal taxes must be uniform across states and exempt religious activities. Taxes include income, sales, property and corporate taxes. Governments use tax revenue along with borrowing to fund expenditures through annual budgets. Fiscal policy aims to influence economic growth through taxing and spending decisions.Bloomberg BNA Daily Tax Report_Mike Starr
Bloomberg BNA Daily Tax Report_Mike StarrMarissa Adamo
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The document discusses several tax-related topics:
1) Small partnerships may opt out of new audit rules but some experts say they should wait to see the final regulations before deciding.
2) Private and community foundations saw significantly lower investment returns in 2015, the second year of declines.
3) Rep. Goodlatte may introduce online sales tax legislation but its passage is unclear. The bill would require states to consider a vendor's location for sales tax but use the destination for tax rates. Changing story of retirement
Changing story of retirementMichael Green
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This document discusses the evolution of retirement planning in America, highlighting the shift from employer-sponsored pensions to defined contribution plans like 401(k)s. It emphasizes the importance of financial planning and consulting with professionals to prepare for retirement while acknowledging the increasing challenges posed by longer life expectancies and economic factors. The report also addresses issues such as the impact of caregiving on women's retirement finances and the historical context of American economic policies affecting retirement security.State Taxation Of Personal Incomes Alzada Comstock
State Taxation Of Personal Incomes Alzada Comstockgereongeemah
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State Taxation Of Personal Incomes Alzada Comstock
State Taxation Of Personal Incomes Alzada Comstock
State Taxation Of Personal Incomes Alzada ComstockCorporate Income Tax In The United States
Corporate Income Tax In The United StatesCrystal Alvarez
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The document discusses corporate income tax in the United States. It makes three key points:
1) Corporate income tax is one of the highest sources of federal revenue in the US, providing crucial funding for programs like Medicare and Medicaid.
2) Contrary to popular belief, there is no flat tax rate for corporations - the marginal tax rate can vary significantly between 15-35%.
3) Past attempts to significantly cut the corporate tax rate, like under Ronald Reagan, have resulted in higher inflation and interest rates rather than job growth as intended. Cutting taxes ended in disaster for the US economy.Seps white paper edition 1st quarter 2013
Seps white paper edition 1st quarter 2013Strategic Estate Planning Services
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The document summarizes key provisions of the American Taxpayer Relief Act of 2012, which addressed the impending "fiscal cliff." It permanently extended many of the tax cuts that had been in place but were set to expire. It retained most individual income tax rates but established a new top rate of 39.6% for high earners. It made the alternative minimum tax exemption amount permanent and indexed to inflation. It also made estate tax provisions like portability permanent while increasing the top tax rate to 40%. The act extended some business tax provisions through 2013, including expanded section 179 expensing and a 100% exclusion on gains of certain small business stock. It also discussed new taxes related to health care reform taking effect in 2013.Testimony steven rattner
Testimony steven rattnerrattnerfamily
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Steven Rattner testified before the Senate Finance Committee on the need for tax reform. He argued that the tax code has deteriorated without reform in over 30 years, allowing lawyers and accountants to legally ease tax burdens for their wealthy clients. For example, the 400 highest income Americans saw their tax rate drop from 30% to 17% from 1995 to 2012 due largely to low capital gains and dividend rates. Rattner advocated achieving greater fairness and revenue by reducing the number of tax rates, eliminating special treatment of capital gains and dividends, and reducing loopholes that disproportionately benefit the wealthy.8.1 notes
8.1 notesberemga
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1. The document discusses the role of government in promoting economic progress by protecting individual rights and providing certain goods, but argues that government is not well-suited to correct economic issues or redistribute wealth.
2. It proposes private savings accounts as an alternative to social security, noting that such programs in other countries like Chile were very successful and created real wealth for citizens.
3. If social security is not reformed, the document warns that taxes will have to be greatly increased to unsustainable levels, putting pressure on policies like euthanasia of less productive citizens.Tax planning introduction fall 2012
Tax planning introduction fall 2012dphil002
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This document provides information about an income tax and financial planning class, including the class schedule, grading breakdown, attendance policy, and history of tax law in the United States. It also summarizes several pieces of tax legislation and outlines the legislative process for passing tax bills. Finally, it discusses sources of tax law information and the importance of tax planning.Anaford US Tax Introduction matthew ledvina
Anaford US Tax Introduction matthew ledvina Matthew Ledvina
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US citizens and residents are taxed on worldwide income and assets. Nonresidents are taxed on US-source income and assets situated in the US. Tax rates can be up to 39.6% for ordinary income and 20% for capital gains. Filing requirements also apply to foreign accounts. Voluntary disclosures are available but penalties may apply depending on the approach. Expatriation involves renouncing citizenship after ensuring tax compliance and using exemptions to avoid exit taxes on unrealized capital gains.Ad
Jim hudson.docx linked in 2
- 1. Jim Hudson I am an expert advising individuals and corporations on how to manage their tax affairs in the most efficient manner. This includes federal state local and international taxes. I have over 40 years experience providing solutions to my clients in each of these areas. I'm not an attorney. I'm not a CPA. My services are to crystallize the clients problems and direct them to tax professionals. I also offer several information packs to educate individuals that file a return which includes schedule C. My information assists clients in avoiding not evading tax obligations. My clients over the past 40 years have enjoyed several billions in tax savings. Consulting and coordinating with the client I help them to hire the tax attorney or CPA firm that is compatible. I also advise clients that have active audits or conflicts with the IRS. I majored in animal science at Texas Tech University in the 1960s. My economics professor strongly advocated that corporate agriculture was the future. In 1969 I failed in an attempt to publicly fund a company solely engaged in corporate farming and ranching. Analyzing why the attempt failed I discovered that agricultural entities enjoyed enormous tax advantages. I registered the first cattle feeding fund with the SEC in 1970. Tax Shelters were a new product that was being offered by Wall Street retail brokers such as E.F. Hutton and Shearson Hayden Stone. Our first fund was registered to raise
- 2. $10 million. December 1971 the company was managing over 100,000 head of cattle in six states for our clients. Enjoying the large influx of capital to avoid taxes the feedlot industry growth exploded. Using the existing tax code in a creative manner delivered thousands of jobs and investment capital to the agricultural niche. Almost overnight tax shelters in real estate and oil and gas were repackaged and offered by retail investment brokers and financial planners. Not one tax law was changed! The difference maker was the American entrepreneur using their ingenuity and creativity to open a new frontier in financial investments. Tax investment savings that had been monopolized by the so-called super rich now was available to middle class Americans. Wall Street elitist and the Internal Revenue Service had a panic attack of massive proportions. The investment firms of Boston and New York watched hundreds of millions of dollars they considered their own to be managed flowing to Cowboys, oil wildcatter's and real estate developers. Discovering the so-called shelters were legal the Nixon government began installing potholes and roadblocks to stop these investments. For example prior to approving registration at the SEC companies were required to have an approval letter ruling from the IRS. The tea party today enjoyed faster approval to become a 501(c)(3) than Nixon's IRS. Public offerings were replaced by private placements and investment capital continued to flow and fund the tax shelters. President Nixon killed the beef cattle industry by imposing an embargo. Psychologically the
- 3. spell of tax savings being a monopoly enjoyed only by the superrich was crushed. Tax shelters sprung up like kudzu everywhere! Congress could not legislate a solution because to truly reform the code would be taking tax advantages away from their true consider constituents the superrich. The Beltway dictators yelled and screamed at the IRS and Justice Department to provide a solution. President Reagan recruited the chairman of Merle Lynch into his executive cabinet. His sole purpose was not to serve the American public or President Reagan it was to crush tax shelters. In 1983 Congress passed the Abusive Tax Shelter Act. The purpose of the legislation was to criminalize promoters of these legal tax shelters. Over 30 years later the United States government has yet to come up with a definitive definition of an abusive tax shelter. The Justice Department stocked their special department of tax affairs with the nastiest meanest personnel. Following the law and protecting citizens lawfully was the last of their priorities. In 1986 so-called tax reform was passed and signed into law. Simplistically individuals and schedule C filers were precluded from using tax shelters. Corporations were untouched. The legislation passed as a result of taxpayers from coast-to-coast being harassed and publicly demonized if they even thought about using tax shelters in their financial planning. The Justice Department used high profile individuals as a Poster Child to prevent middle class taxpayers from even considering a tax shelter. Willie Nelson served his time as one of the poster children. The redheaded stranger became well-known for his tax avoidance investments.
- 4. With the law safely signed the Justice Department and IRS retreated as quickly as possible. The kings of Wall Street and corporatist enjoyed control once again over there fiefdom. For disclosure purposes here I was a poster child for the IRS in 1985. Forced to represent myself in federal court in the late 1980s I won a two-week federal court trial accusing me of promoting an abusive tax shelter. Because the IRS had prevailed 598 times out of 600 abusive rotor cases they appealed the decision to the Fifth Circuit. The Fifth Circuit upheld the District Court's decision. I had not promoted any kind of investment since December of 1983 when the abusive tax shelter bill became law but they were determined to prevail in 599 of the 600 actions. These experiences are the basis of my business today, How to Hire a Tax Attorney. I acquired the knowledge about how each and every nook and cranny of the IRS functions. I now match clients with attorneys and accountants that give them an even playing field when engaged at any level with the IRS and Justice Department. My information harvested from the field of battle teaches individuals how to seek professional assistance. Thousands of groups offer services to help taxpayers and corporations. The key to success is selection of the correct firm to interact with the IRS. Spending a great deal of money on your champion is not one of the required criteria. I also serve corporations that have a desire to maximize their tax liability legally.