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

How to Stay Focused on Work: 6 Simple Tips

How to Stay Focused on Work: 6 Simple Tips For most of us, staying focused while working is pretty difficult, even at the best of times. In today’s workplace, it’s even harder than ever – with so much information coming at us constantly, and easy access to the internet, staying focused on tasks can seem…

Transitioning from Employee to Entrepreneur

Transitioning from Employee to Entrepreneur If you are out of work, have you ever considered creating your own job? As of April 2013, 7.5% of the American population are unemployed. The downturn of the economy has led many to wonder where they are going to find work, but has also opened opportunities for many to…

China Now World's Sixth Largest Economy

China Now World’s Sixth Largest Economy

China Now World’s Sixth Largest Economy China on Tuesday raised its estimate of the output of the world’s fastest-expanding major economy by a sixth, a revision that leaves growth better balanced but may increase pressure on Beijing to let the yuan rise faster. The new estimate, based on a vast nationwide census, hoists China above…

Asset Transfer Checklist

Asset Transfer Checklist Planning for the distribution of a lifetime of accumulated wealth can be complicated. The process involves drafting and regularly updating your will and making the necessary trust arrangements. It requires understanding exactly what you own and how to transfer what you own (and in what manner) to family members or other beneficiaries.…