Have a Tax Issue With the IRS? You Could Always Take Them to Court

What would you do if the IRS makes a decision you don’t agree with? For example, let’s say you file a tax return and send it in expecting to receive a refund of $1,500. However, a few weeks later, instead of receiving your refund, you get a letter in the mail informing you that you made a mistake and you will only be receiving $1,100. You’d be upset for sure, but most people probably figure there’s nothing they can do about it.

Actually, that’s not the case. Did you know that if you disagree with the IRS on your return you could ask them to change their decision? That sounds like a futile move, right? Why would they change their mind? There is another option, though. If you really feel that you have been treated unjustly you can take the IRS to the United States tax Court. That doesn’t sound very fun, either, but it is an option.

The good news is that the U.S. Tax Court is not affiliated with the IRS. That means the IRS is in the same boat as you if your case goes to trial. There are several reasons that people decide to challenge the IRS in court, which include:

  • The IRS assess a deficiency
  • An abatement request
  • Request relief from a joint return
  • Disagreements on worker classification
  • Summons enforcement
  • Gross income
  • Accuracy-related penalty

While most people would rather not spend any more time dealing with the IRS than they have to, if you do feel you have been treated unfairly by the tax agency, then you don’t have to just sit back and take it.

Posted in
Nevada Set to Give Tesla Motors Huge Tax Deal; More Americans Are Renouncing Citizenship Due to Tax Rules; Investing for Growth

Investing for Growth

Investing for Growth When investing your money for long-term growth, it’s total return (change in market value plus reinvested dividends and interest) that counts. Since 1926 the compound annual return on stocks has been a bit better than 11% a year. The return on bonds has been about half as much, or 5% to 6%…

Nevada Set to Give Tesla Motors Huge Tax Deal; More Americans Are Renouncing Citizenship Due to Tax Rules; Investing for Growth

Nevada Set to Give Tesla Motors Huge Tax Deal

Nevada Set to Give Tesla Motors Huge Tax Deal By Alan Olsen One of the world’s most popular new car companies continues to make waves as it works to not only redefine how cars are made and run, but also change the way cars are sold. The latest move by Tesla Motors is not only…

Tips for Helping You Beat Those Annoying Fees and Taxes

Tips for Helping You Beat Those Annoying Fees and Taxes

Tips for Helping You Beat Those Annoying Fees and Taxes “How do I beat all of those bothersome taxes and fees and get more return on my investments?” It’s a question that almost all investors ask, but it’s one that many people never get answered. In order to get the most out of your investment…

Most Expensive Cars of 2017

Most Expensive Cars of 2017

Most Expensive Cars of 2017 Are you in the market for a new car this year? Need some slick new wheels to impress your friends? Maybe you want to add to your already impressive collection, or find the right piece to start a new one. Whatever the case, if you’re looking for a new set…