The founders of Hutto & Associates have dedicated their entire lives learning how to reduce taxes and protect their client's assets. There is nothing more frustrating for a taxpayer than to spend his or her entire life building a business or a professional degree only to pay 30% to 35% of their income to the government in federal income taxes.
It is even more frustrating to learn in the middle of your 20-year career that your tax professional could have done better because you have overpaid the IRS enough money to pay for your retirement home in the mountains or on the lake.That's why we combine the expertise of the Certified Public Accountant (CPA) with the expertise of the Attorney. The CPA/Attorney offers a higher level of Tax Strategies and opportunities to reduce both Federal and State taxes.
Tax Attorneys learn how to argue your tax position using case law where the IRS took a taxpayer to court and the IRS lost. We can advise you to take the same tax position where the taxpayer won and the IRS lost.
It is even more frustrating to learn in the middle of your 20-year career that your tax professional could have done better because you have overpaid the IRS enough money to pay for your retirement home in the mountains or on the lake.That's why we combine the expertise of the Certified Public Accountant (CPA) with the expertise of the Attorney. The CPA/Attorney offers a higher level of Tax Strategies and opportunities to reduce both Federal and State taxes.
Tax Attorneys learn how to argue your tax position using case law where the IRS took a taxpayer to court and the IRS lost. We can advise you to take the same tax position where the taxpayer won and the IRS lost.
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At Hutto and Associates, we know both the law and the numbers.
Some tax professionals are strictly accountants- others are attorneys, but few know both aspects.
Hutto and Associates are both CPAs and Tax Attorneys.
Let our dual qualifications go to work for you today.
You can find answers to many of your tax and accounting questions on our site, as well as tools and tips to help you navigate the complex landscape of tax and accounting laws.
Some tax professionals are strictly accountants- others are attorneys, but few know both aspects.
Hutto and Associates are both CPAs and Tax Attorneys.
Let our dual qualifications go to work for you today.
You can find answers to many of your tax and accounting questions on our site, as well as tools and tips to help you navigate the complex landscape of tax and accounting laws.
This is usually the start of my meetings with Taxpayers who have not filed their prior year's tax returns because they know they can't afford to pay their tax and they are afraid if they do file the IRS will, garnish their wages, take their property or possibly incarcerate them.
You do have to file your tax returns and you should never consider buying into any tax protest scheme.
Dozens of cases have upheld the federal government's power to collect income taxes against just about every argument.
You do have to file your tax returns and you should never consider buying into any tax protest scheme.
Dozens of cases have upheld the federal government's power to collect income taxes against just about every argument.
The IRS uses the Levy process to seize your assets to pay off the IRS debt.
The IRS can take such things as your house, cars, boats, savings accounts, your salary, and even your Social Security checks.
An IRS levy of your bank account might seem terrible, but pales in comparison to having your income garnished.
Having your income garnished results in most of your paycheck going to pay the IRS.
A 1099 contractor can be subject to a garnishment of up to 100% of their earnings!
The IRS might not leave you enough money to pay your bills.
The IRS can take such things as your house, cars, boats, savings accounts, your salary, and even your Social Security checks.
An IRS levy of your bank account might seem terrible, but pales in comparison to having your income garnished.
Having your income garnished results in most of your paycheck going to pay the IRS.
A 1099 contractor can be subject to a garnishment of up to 100% of their earnings!
The IRS might not leave you enough money to pay your bills.
IRS agents are evaluated on many criteria.
One of those criteria is how quickly they collect tax owed or finding unreported income through an audit.
As an agent, if you feel your job is on the line or your supervisor has made you feel inadequate, the following actions are used to step up pressure on the taxpayer.
After all, it is our fault because we are not paying our tax fast enough and the agent is getting pressured to collect, right?
I think not!
It starts with a simple tax notice, but when you take issue with the notice, all of a sudden you are hit with a barrage of actions causing your head to spin.
One of those criteria is how quickly they collect tax owed or finding unreported income through an audit.
As an agent, if you feel your job is on the line or your supervisor has made you feel inadequate, the following actions are used to step up pressure on the taxpayer.
After all, it is our fault because we are not paying our tax fast enough and the agent is getting pressured to collect, right?
I think not!
It starts with a simple tax notice, but when you take issue with the notice, all of a sudden you are hit with a barrage of actions causing your head to spin.
The IRS will always allow you to live an average lifestyle, no matter how much you owe in back taxes.
What they will not allow is for you to live a lavish lifestyle with six-figure back taxes still owing to the IRS.
The IRS's position is that if you have extra money after normal expenses are paid, then they have a right to that money for the next 72 months or 6 years.
If negotiated properly, that's it!
The IRS will accept partial payments.
1. Installment Agreements are arrangements by which the Internal Revenue Service allows taxpayers to pay liabilities over time.
What they will not allow is for you to live a lavish lifestyle with six-figure back taxes still owing to the IRS.
The IRS's position is that if you have extra money after normal expenses are paid, then they have a right to that money for the next 72 months or 6 years.
If negotiated properly, that's it!
The IRS will accept partial payments.
1. Installment Agreements are arrangements by which the Internal Revenue Service allows taxpayers to pay liabilities over time.
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