Jim hudson.docx linked in 2
Download as DOCX, PDF0 likes175 views
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.
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 client’s 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.